Maximum rent price of Fahi Dhiriulhun housing units set at MVR 6,000

Housing units built under the management of Fahi Dhiriulhun Corporation will be affordable and the monthly rent of the units will not rise above MVR 6,000, says the corporation.

Fahi Dhiriulhun Corporation was established under presidential decree on March 12, and is tasked with managing all current and future State housing projects, providing affordable housing, providing subsidized housing to low income citizens, and arranging for financial facilities to assist first-time apartment owners.

Fahi Dhiriulhun – which loosely translates to “a happy and content life” - was established as part of the Maldivian administration’s pledge to provide affordable housing for Maldivian citizens, and is run under the Economic Development Ministry.

Speaking during the Nuvagadi press briefing session held by Economic Development Ministry this Wednesday, Marketing and Business Development Manager of Fahi Dhiriulhun Corporation, Aishath Niha reported to ‘Sun’ that the housing units built under the corporation will be both spacious and affordable.

“Our housing projects will be different. These places will be spacious. The floor area will be at least 900 square feet,” said Niha.

“These places will also be affordable. The monthly rent, inclusive of interest, will go no higher than MVR 6,000,” she added.

Niha said the corporation will be running housing projects across Maldives.

She said that work is already underway for 5,000 housing units in Southern and Central Maldives at the instructions of the Housing Ministry.

“We will oversee the work on housing from the beginning to the end. And this corporation will provide the housing at an affordable rate to the Maldivian people,” said Niha.

She said that multiple housing projects are currently in the planning and implementation stage.

President’s Office reports that it is the objective of the administration not just to provide affordable housing, must to equip the Maldivian people with all the additional resources necessary to live a happy and content life.