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Category Archives: Construction

MVR 1.5 billion to be allocated in 2022 budget for hou...

Housing Minister Mohamed Aslam states the government plans on making an MVR 1.5 billion allocation on the state budget for 2022 on building housing units in inhabited islands outside the greater Male’ region. Aslam delivered the latest updates on government housing projects targeting the atolls while taking part in an MDP Rahvehi Fathis campaign event for R. Atoll on Tuesday night. “In Sha Allah, …

Monthly rent for council housing set at MVR 5,000-MVR ...

The Maldivian government has announced the monthly rent for council housing units in the towers being developed by Apollo Holdings as part of a government housing project in suburban Hulhumale’ will be within the range of MVR 5,000-MVR 7,000. Apollo Holdings has been contracted to build 1,000 units in nine towers in Phase I and Phase II of Hulhumale’. The units will be categories …

LABS Group Explores Opportunity to Tokenize One of Res...

LABS is the world’s first end-to-end real estate tokenization ecosystem to develop accessible and cost-efficient investment opportunities for all. LABS is on its way to building a one-of-a-kind investment ecosystem offering opportunities to its growing community. They actively partner with real estate developers and firms worldwide, tapping into the tokenized real estate investment market’s full potential. The company has announced a partnership with the …

Govt seeks parties to construct 14-storey residential ...

Fahi Dhiriulhun Corporation is seeking parties to construct two 14-storey buildings in capital Male’ to resolve housing issues in Male’. According to the corporation, the first building will be constructed at a 231,073 sqft land on block 307. The second building will be constructed on a 173,229 sqft plot on block 319. Both local and foreign companies interested in the project are invited to …

Floating islands project in Maldives launched

A project to develop floating islands in the Maldives has been launched after the government entered into a second agreement with Dutch pioneering company Dutch Docklands. The innovative concept is one introduced by the company which describes itself as the global leader in floating developments, concepts, and infrastructure. The government first entered into an agreement with the company in 2019. Reports of the project …

Kaani Grand Sea View opening next year

On going development of Kaani Grand Sea View hotel in Maafushi is a 2.5 million dollar investment which is going to be completed on 2017. According to Kaani Hotels owner Abdulla Nasheed ‘we are working at our max speed to finish the 55 room guesthouse construction work and looking forward to open the hotel within next year July’. With the opening of this hotel, …

Rainbow Constructions Developing 145 Mix Housing units...

Housing Development Corporation (HDC) hands over the development of 145 Mixed use Residential units to Rainbow Construction today. HDC stated ‘Today we have signed the agreement with Director of Rainbow Construction Mazin Ibrahim Rafeeq and Managing Director of Housing Development Corporation Mohamed Simon. Also these apartments are estimated to be finished within 2 Years and 2 Months time’. Rainbow Constructions director Mazin said ‘The …

3000 Housing Unit Development work hand over to Coral ...

The development of 3000 Housing units and Office complex has been handed over to a Sri Lankan company ‘Coral Holdings’. Sealife Complex are located near Hulhumale’ Central park on lot number N355, N356 and N35. Each of these blocks has two Buildings. Coral Property Developers, is a privately-held building construction firm based in Colombo, Sri Lanka. CORAL PROPERTY DEVELOPERS manages, develops and acquires Commercial and …

Booking Opened for Luxury Apartments in Apollo Towers

Apollo holdings has opened booking for the Apollo tower’s luxury apartments which are been developing in Hulhumale’. Located in-front of Yacht marina this 200 million investment was inaugurated by Vice President Abdulla Jihad and Apollo Holdings Managing director Abdul Muhsin. According to Apollo Holdings ‘People who shows interest in purchasing has to pay a booking fee amount of 50,000 MVR. And these luxurious apartments …

Pre Online Booking Opened – Ensis

Ensis Fisheries has opened Pre online bookings for 94 Mix use residential Apartment complex. These seaview apartments consists of 3 Room 45 apartments with maid room, 2 Room 26 Apartments with maid room, 1 Room 13 Apartments and 10 Pent houses ** For Online pre booking please visit www.nirutha.com  and fill out the form given.

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