New Land and Flat Distribution Policies Released for Malé and Rasmalé

The Ministry of Construction, Housing and Infrastructure has publicised the policies for the “Housing for All” scheme, under which land and flats will be allocated from Malé and Rasmalé.

The Ministry released two separate policy documents: one outlining the distribution of land plots and another detailing the allocation of flats. Under the land policy, 15,000 plots will be issued to Malé residents aged 18 and above. Plots will be allocated either from Malé or from Rasmalé, which is still in the early stages of reclamation.

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މާލޭގައި ދިރިއުޅޭ ރައްޔިތުންނަށް ފުލެޓު ދޫކުރުމުގެ އުސޫލުhttps://t.co/gQcrX0U3jX

މާލޭގައި ދިރިއުޅޭ ރައްޔިތުންނަށް ދިރިއުޅުމަށް ބިން ދޫކުރުމުގެ އުސޫލުhttps://t.co/YOmfBz2iuZ pic.twitter.com/z8qiI5yRmI— Ministry of Construction, Housing & Infrastructure (@MoCImv) November 17, 2025

The Ministry stated that the scheme targets four main groups:

1. Individuals who are financially able to purchase housing units or land through business policies.
   
2. Middle-class families seeking affordable housing or flats.
   
3. Individuals and families unable to buy property but able to acquire housing under a rent-to-own model.
   
4. People who cannot afford to buy or rent housing, identified through a special government assessment.
   

Applicants for land will be classified into two categories. Category 1 consists of individuals originally from Malé, who must have resided in the city for at least five years. They must not own land larger than 400 square feet; those who own smaller plots must relinquish them through a government process.

Category 2 includes citizens from other islands who reside in Malé. They must have lived in Malé for 15 years or more and meet the same land-ownership restrictions as Category 1.

Applicants will only be eligible to receive land if, in addition to not owning any land, they agree to relinquish any inherited land or housing received from parents, children, or spouses. Applicants will not qualify if they have sold land, a row house, a housing unit, or an apartment space within the past five years. Those who sold land allocated under the ‘Veshifahi Malé’ programme or received land or housing through the ‘Binveriyaa’ scheme will also be ineligible.

Flats under the scheme will be issued through two models: an affordable home ownership model and a rent-to-own model. Under the affordable model, applicants may purchase flats at subsidised rates if they meet housing finance requirements set by banks or licensed financial institutions. They must also be first-time homebuyers or first-time homeowners.

The rent-to-own model is designed for applicants earning less than MVR 60,000 per month. Those who qualify for both the rent-to-own and affordable ownership models may choose either option.

Applicants whose spouses have received housing under any government scheme in the Maldives will not be eligible. Additionally, applicants must not own any housing units in an apartment or be listed in an ownership agreement for such units. Individuals who have sold government-allocated land within the past five years, or who received housing under previous government schemes, state-owned enterprises, or cooperative societies, will also be ineligible for flats under this initiative.

The government’s housing policy coincides with broader national efforts to expand access to housing finance. Earlier this year, the Maldives Monetary Authority (MMA) launched the Inclusive National Affordable Housing Scheme, aimed at helping first-time buyers secure bank loans by reducing financial risk. The MMA has said the programme is intended to narrow the affordability gap for middle-income households while supporting government initiatives on land and housing distribution.

Bank of Maldives has already joined the scheme and announced plans to develop 3,000 flats in Hulhumalé Phase 1 and Phase 3.