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Introduce legislation limiting the proportion of properties that can be sold to citizens of any single foreign country to no more than 25 percent, while imposing no quota on Maldivian buyers
PromisedMedium impact
Where it stands todayNo news yet. It stays “Promised” until an article or an official page shows a change.Since 29 October 2026
The story so far
Newest first
PromisedWhere it was made
The promise was made
Key numbers in the article
USD 20 billion value of the Rasmalé Waterfront and Marina development25 percent maximum share of properties saleable to nationals of one foreign countryapproximately 500 hectares area planned for the Rasmalé Waterfront and Marina project
Exact words from the article
“President Muizzu announced that the government intends to introduce legislation limiting the proportion of properties that can be sold to citizens of any single foreign country.”