Govt sets MVR 10,000 limit for 3-bedroom flat rentals
According to the President, the government is providing land free of charge to ensure the flats are made available at low rental rates.
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President Mohamed Muizzu said on Monday that the rent for a three-bedroom apartment under the government’s new 7,500-flat housing scheme will not exceed MVR 10,000.
The rules for allocating land and flats in the Malé area and Rasmale under the Housing for All policy were announced on Sunday. Applications will be accepted from 4 January to March. The President shared details of rental amounts during an event held at the Social Centre to mark the second anniversary of the administration.
He said 3,000 of the 7,500 flats relate to projects initiated by the Bank of Maldives, while the remaining 4,500 flats are being implemented with support from foreign partners. He added that other banks will also be required to introduce housing programmes under a recent directive from the Maldives Monetary Authority. According to the President, the government is providing land free of charge to ensure the flats are made available at low rental rates.
“Of course, you can get a three-bedroom flat for no more than MVR 10,000,” he said.
The government has released the allocation categories for the 7,500 flats. These include:
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Malé residents: 4,000 flats
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Non-residents living in Malé: 1,500 flats
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Single parents with children under 18: 100 flats
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Persons with disabilities: 100 flats
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Newlyweds/young families: 250 flats
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Family-based taxi drivers registered in the city: 50 flats
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Family-based tourism workers in Malé: 200 flats
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Family-based judiciary employees in Malé: 100 flats
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Family-based fishermen in Malé: 100 flats
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Individuals who lost land ownership due to maiming: 50 flats
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Individuals who received flats under Veshifahi Malé and Hiyaa but not according to documentation: 300 flats
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Families identified by the government as being without accommodation in Malé: 50 flats
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Police: 100 flats
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Army: 100 flats
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Civil service: 200 flats
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Various agencies and institutions: 300 flats
The Housing Ministry has released the list of institutions prioritised under the 300-flats category. They include:
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Office of the President
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Office of the Parliament
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Maldives Inland Revenue Authority (MIRA)
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Local Government Authority (LGA)
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Judicial Service Commission (JSC)
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Foreign Service
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Attorney General’s Office
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Elections Commission (EC)
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Civil Service Commission (CSC)
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Human Rights Commission of the Maldives (HRC)
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Anti-Corruption Commission (ACC)
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Prosecutor General’s Office
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Auditor General’s Office
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Maldives Monetary Authority (MMA)
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Pension Office
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National Integrity Commission (NIC)
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Media and Broadcasting Commission
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Family Protection Authority (FPA)
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Arbitration Centre
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Office of the Children’s Ombudsperson
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Institute of Chartered Accountants
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Capital Market Development Authority (CMDA)
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Employment Tribunal
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Tax Appeal Tribunal
