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HDC to sell 76 plots of land from Hulhumalé

According to Housing Development Corporation (HDC), the plots of land to be sold are from neighborhood 1 of the reclaimed area. The plots will be of two sizes: 1,000 square feet and 1,800 square feet. While the bidding process is set to begin on September 18, starting price has been set at MVR 3000 per square feet. HDC’s Managing Director, Mohamed Simon, told at …

MTDC sells Niyama Maldives resort for USD 23.3 million

Maldives Tourism Development Corporation (MTDC) announced the sale of Niyama Maldives, the resort managed in the islands of Enbudhufushi and Olhuveli in Dhaalu atoll, for USD 23.3 million (MVR 359.2 million). In a statement, MTDC declared that its board of directors has decided to sell the chief lease rights of the resort to O Plus E Holdings Pvt Ltd, the resort’s developer and current operator. …

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  and fill out the form given.

Contractor Agreement Signing – Sea Life Global

Contractor agreement signing to initiate the construction of Sea Life Global Pvt Ltd’s flats in Hulhumale will be held tomorrow (31.07.2016) night  at 8:30 pm at Dharubaaruge Rannabandeyri Maalam. According to the Company’s Managing Director Mr. Ahmed Moosa Mohamed, they will be Signing the contracts to start the first phase of the Project to build the housing units in Hulhumale’ N3.     Source: …

Invitation for bid to sell G.Sun East

Iulaan No: HDFC/IU/2016/11 Invitation for bids has been opened by the Housing Development Finance Corporation to sell G. Sun East. Building/House Details: Category: Personal Ownership Name: G. Sun East / K. Male’ Register no:  އ. 4355 Size: 700sqft Building: 9 Storey building Owner: Zulfa DhonKaleygefaanu, G. Sun East / K. Male’ Source:

Real Estate Jul 19, 2016 0 Continue Reading

HDFC – Understanding Mortgage Loan Amortization

The amortization period refers to the length of time over which the installment payments towards principal are calculated. For example, an amortization period of 15 years means that, for purposes of calculating the loan payment, your payment towards principal will be spread out over 15years, with the total amount of principal (i.e. the loan balance) being paid off at the end of that 15 …

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