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Hulhumale
Future Projects |
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Hulhumale’ is the crux of the most ambitious and complex land reclamation and development project undertaken by the government of the Republic of Maldives. Located in the central region of the country, about 3km away from Male’, the development of Hulhumale’ involves the creation of a new land mass on what had once been a virtually obscure lagoon known as the Hulhulé-Farukolhufushi lagoon. A modern and unique city in the making, Hulhumale’ would ease the severe housing crisis and congestion prevailing in the capital region while maintaining a large population in the area for economic benefits of the nation. It would also create much needed employment opportunities through commercial and industrial developments while providing better quality contemporary living environments.
Established on the 23rd March 2005, the Hulhumale’Development Corporation Ltd (HDC), undertakes the development, management and administration of Hulhumale’ city. Aspiring to carry out this vast and impressive project in a financially feasible and commercially viable manner, HDC has adopted a target oriented approach to ensure that Hulhumale’ is a unique island city livinguptoits full potential.
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Phase 1
Land area:188 hectares
Target population: 53,000
Target completion: 2020
Residential, commercial and
light industries |
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| Location: |
Hulhumale' |
| Features : |
Anchorage for 76 vessels
commercial activities such as restaurants and
cafés
Service facilities such as fuel, water…etc
Opportunity to cater for the lack of Marina
facilities in the greater Male' region |
| Urban design guidelines : |
Plot Area (sq.m.): 2,416
Footprint (sq.m): 1,820
Plot ratio: 8.3
Site coverage: 0.75
Max GFA (Sq.m): 20,050 |
| Max - height : |
Low-rise commercial |
| Business Model : |
Long-term lease or Business Model : JV with HDC |
| Time frame : |
1 to 3 years |
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| Hospital and
Medical College |
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| Location: |
Hulhumale' |
| Features : |
Opportunity for creating a hospital with
advanced medical facilities to cater for the
Male' region and the whole of Maldives.
Opportunity for a broader concept of
developing medical tourism in the Maldives. |
| Urban design guidelines : |
Plot Area (sq.m.): 6,495, 2,255 & 6,147
Footprint (sq.m): 4,545, 575 & 2,760
Plot ratio: 4.00, 1.00 & 1.8
Site coverage: 0.70, 0.25 & 0.45
Max GFA (Sq.m): 26,000, 2,255 & 11,040 |
| Max - height : |
6F, 2F & 4F |
| Business Model : |
Long-term lease or Business Model : JV with HDC |
| Time frame : |
1 to 3 years |
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| Arts and cultural center |
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| Location: |
Hulhumale' |
| Features : |
Potential to cater for tourism due to link with
Airport and proximity to resorts |
| Urban design guidelines : |
Plot Area (sq.m.): 8,179
Footprint (sq.m): 2,454
Plot ratio: 1.2
Site coverage: 0.3
Max GFA (Sq.m): 9,816 |
| Max - height : |
4F |
| Business Model : |
Long-term lease |
| Time frame : |
1 to 3 years |
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| Office Tower |
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| Location: |
Hulhumale' |
| Features : |
Opportunity to cater to shortage of office space in
Male' and Hulhule' region
Location linked to International Airport
In line with broader direction to develop Hulhumale' as
commercial hub for central region |
| Urban design guidelines : |
Plot Area (sq.m.): 2,416
Footprint (sq.m): 1,820
Plot ratio: 8.3
Site coverage: 0.75
Max GFA (Sq.m): 20,050 |
| Max - height : |
45m |
| Business Model : |
Long-term lease |
| Time frame : |
1 to 3 years |
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| Location: |
Hulhumale' |
| Features : |
Mix use residential and commercial properties
Water front view
Close to waterfront district
Potential for ground and first floor shopping complexes
and other commercial activities
Upscale residential units on higher floors |
| Urban design guidelines : |
Plot Area (sq.m.): 2,610 - 2,558 - 2,550 & 2,590
Footprint (sq.m): 1,050 - 1,025 - 1,025 & 1,025
Plot ratio: 3.10
Site coverage: 0.4
Max GFA (Sq.m): 8,100 - 7,925, 7,900 & 8,025 |
| Max - height : |
8F |
| Business Model : |
Long-term lease or JV with HDC |
| Time frame : |
1 to 3 years |
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|
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| Location: |
Hulhumale' |
| Features : |
Significant local population travels abroad for primary &
secondary education.
Opportunity exists to cater for an international standard
education opportunity in a local setting.
Such facilities will also be the first of its kind in the
Maldives |
| Urban design guidelines : |
Plot Area (sq.m.): 2,962 & 3,000
Footprint (sq.m): 1,050 & 1,200
Plot ratio: 1.45 & 1.50
Site coverage: 0.35 & 0.40
Max GFA (Sq.m): 4,290 & 4,500 |
| Max - height : |
4F |
| Business Model : |
Long-term lease |
| Time frame : |
1 to 3 years |
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| Hospital and
Nursing home facility |
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| Location: |
North Maldives |
| Rationale: |
The project is intended to reinforce the government's regional development strategy of
focusing development in two regional centers. The rationale for the project is the lack of
adequate medical facilities and facilities for the elderly in the Maldives.
The hospital facility is intended to cater to both the Maldivian population and service the needs
of the expanding tourism industry in the region. The project, in particular, the nursing home
facility has the potential to introduce “medical tourism” to the already successful tourism
product of the Maldives and thereby attract a new market segment to the Maldives. |
| Location: |
Haadhaalu Hanimaadhoo |
| Features: |
To be proposed by the investor on completion of market analysis |
Business model: |
Built-Operate-Transfer or Joint Venture |
| Time frame |
1 to 3 years |
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| International
Hospital |
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| Location : |
South Maldives |
| Features |
The project provides an opportunity for establishing an international hospital targeting both local and foreign
residents |
| Rationale |
The project is intended to reinforce the government's regional development strategy of focusing development in
two regional centers. The rationale for the project is the lack of adequate medical facilities in the south of Maldives,
which implies that a significant number of Maldivian nationals regularly travel to neighboring countries for
medical treatment.
The project provides an opportunity for creating a hospital with advanced medical facilities with specialist services
to cater to local and foreign residents. In addition, with the expansion of tourism in the south of Maldives, the
project has the scope of introducing “medical tourism” to the already successful tourism product of the Maldives. |
| Location |
Gan, Addu Atoll |
| Features |
To be proposed by the investor on completion of market analysis. |
| Business model |
Built-Operate-Transfer or Joint Venture. |
| Time frame |
1 to 3 years |
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