Real Estate and Infrastructure
With the rise in output mainly attributed to the government’s public investment program, the Maldives’ construction sector has been booming. The country has been implementing large-scale infrastructure projects in civil construction, transportation, medicine, and industry, resulting in large-scale infrastructure projects across the country. In the construction industry, there has been a boom due to the growth in residential housing projects, both by public and private enterprises.
As of 2022, the population of Maldives is projected at 0.580 million. The population is expected to grow to almost 650,000 by 2028, requiring approximately 30,000 new homes.
By expanding the housing supply and providing social housing through institutional and legal reforms, the housing and real estate sector aims to increase access to housing. In addition, there has been a focus on improving access to financing and savings schemes in the atolls and facilitating decentralized housing delivery.
Opportunities for investment in Real Estate & Infrastructure of the Maldives
There are numerous investment opportunities in the sector, including the construction and purchase of residential housing, the development of resorts, the renovation of existing resorts, and the development of essential infrastructure.
Economic policy framework
The Maldives’ economic policy framework is founded on four pillars: our blue economy, decentralization, resilience, and pro-market policies.
Housing projects
For investors, future projects include mixed housing projects – social housing, affordable housing, and luxury housing – and ancillary services related to housing development. The program will add 15,000 housing units to the existing social housing. The units will be established in areas with acute housing needs across the country.
Urban regional development
Urban regional development is a vital component of the national development agenda. Programs for regional development include land reclamation, road network development, housing, business district development, port development, utility services, and conservation areas.
Transshipment port and free zone
The National Development Plan calls for establishing a transshipment port and free zone under a public-private partnership model in the north of the country. Bunkering, maritime security, warehousing, packaging, manufacturing, processing, and real estate are all available in the proposed integrated development plan.
Investment in tourism development
There are several lucrative foreign investments in the tourism sector, including resort development and operations and real estate developments that include large-scale retail, leisure, and recreational facilities, condominiums, business complexes, and medical and educational facilities. These opportunities offer lucrative investment potential for investors looking to position themselves in this sector.
Investment opportunities in Hulhumale’
A range of residential solutions is offered in Hulhumale – from affordable housing to luxury condos – to symbolize the country’s drive toward modernization.
For international investors, Hulhumale offers a range of investment opportunities. There is the opportunity to invest in real estate, schools, hospitals, shopping malls, recreation and entertainment facilities, and other commercial activities. In addition, it offers a chance to invest in high-end luxury hotels as part of its urban tourism sector.
Knowledge Park
The knowledge park aims to give local and foreign parties opportunities to establish universities, colleges, and other educational institutions.
IT park
The IT Park is intended to be associated with other international tech parks that offer services such as training, R&D, incubator services, technology commercialization, techno-preneurship, application development, and funding facilitation.
Tourism Island
It consists of upscale hotels, midscale hotels, apartments, villas, F&B space, and leisure.
Premium villas
The plan is for a secluded gated community of luxury villas catering to the high net-worth niche market.
Commercial district
The pedestrian street accommodates a variety of commercial activities and aims to attract regional retail giants.
