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News housing / affordable housing Maldives Impact 8.0/10 1 min read
President Muizzu advances BML housing drive: 1,524 units this week, 182 tonight

President Muizzu advances BML housing drive: 1,524 units this week, 182 tonight

President Dr Mohamed Muizzu launched a 182-unit affordable housing project in Hulhumalé Phase 1 under the 'Housing for All' policy. Implemented through BML Affordable Leasing Pvt Ltd, a Bank of Maldives subsidiary, the project features three-bedroom apartments of about 900 square feet under a lease-to-own scheme. The foundation stone was laid by Minister of Construction, Housing and Infrastructure Dr. Abdulla Muththalib, with FW Construction Company as the contractor. The initiative is part of a broader push to alleviate the housing shortage in the Greater Malé region.

President Dr Mohamed Muizzu launched a 182-unit affordable housing project in Hulhumalé Phase 1 under the 'Housing for All' policy. Implemented through BML Affordable Leasing Pvt Ltd, a Bank of Maldives subsidiary, the project features three-bedroom apartments of about 900 square feet under a lease-to-own scheme. The foundation stone was laid by Minister of Construction, Housing and Infrastructure Dr. Abdulla Muththalib, with FW Construction Company as the contractor. The initiative is part of a broader push to alleviate the housing shortage in the Greater Malé region.

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The Standard

Published

Mar 29, 2026

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President Dr Mohamed Muizzu launched a 182-unit affordable housing project in Hulhumalé Phase 1 under the 'Housing for All' policy. Implemented through BML Affordable Leasing Pvt Ltd, a Bank of Maldives subsidiary, the project features three-bedroom apartments of about 900 square feet under a lease-to-own scheme. The foundation stone was laid by Minister of Construction, Housing and Infrastructure Dr. Abdulla Muththalib, with FW Construction Company as the contractor. The initiative is part of a broader push to alleviate the housing shortage in the Greater Malé region.

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Focus: President Muizzu advances BML housing drive: 1,524 units this week, 182 tonight

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