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The Global Properties website features over 5,000 listings of properties for sale in Hulhumale, sourced from reputable real estate agencies and directly from developers of houses in the Maldives.
Explore the extensive selection of properties in Hulhumale, Maldives and review each item's detailed characteristics, pricing, floor plans and full descriptions. Once you've identified a suitable option, you can contact the seller directly or through private messages.
- Average cost of property in Hulhumale: 2.5 million MVR (around USD 157,000)
- Average market price per m²: 25,000 MVR (around USD 1,550/m²)
- Minimum property prices in Hulhumale: 1.2 million MVR (around USD 75,000)
- Most expensive option: 15 million MVR (around USD 940,000)
Over the last year, the average price has increased by 6.2%.
- Minimum area: 40 m²
- Average area: 90 m²
- Maximum area: 300 m²
The Maldives offers an excellent investment programme that provides a pathway to obtaining a Residence Permit through capital investment in the country's economy. The minimum required investment amount is set at USD 250,000. The Maldivian government's investment immigration scheme presents a compelling opportunity for those seeking to establish a foothold in this rapidly growing economy. Through this programme, investors can gain access to the local real estate market and enjoy the numerous benefits of life in this tropical island paradise.
Property in Hulhumale
Among the most popular neighbourhoods for investment real estate in Hulhumale are:
- Phase I
- Phase II
- Phase III
Hulhumale Phase I is a 237-hectare area, marking the first phase of the Hulhumale development, launched in 1997. It offers a range of affordable housing options, including apartments.
Amenities in Phase 1 include the Hulhumale Hospital, 10 schools and over 50 retail and dining establishments. The area is well-connected to the rest of Hulhumale via a well-developed public transportation network, including a bus system and a planned metro. Key attractions include the 12-hectare Hulhumale Lagoon and the 20-hectare Hulhumale Central Park.
Hulhumale Phase II was launched in 2005, a 244-hectare area featuring a mix of mid-range and high-end residential properties.
The Hulhumale Central area offers over 100 retail and dining options and recreational facilities like a football stadium and a skating rink. Notable landmarks include the 10,000-square-metre Hulhumale Mosque and the 5,000-square-metre Hulhumale Central Market.
Hulhumale Phase III, a 244-hectare phase launched in 2014, is focused on sustainable and eco-friendly development. Residential properties range from affordable apartments to luxury villas. Planned amenities include a 300-bed hospital, several international schools and a dedicated commercial district. Key attractions include the 20-hectare Hulhumale Mangrove Park and the 2-kilometre Hulhumale Beach.
Reasons for investing in property in Hulhumale
Acquiring properties in Hulhumale for investment offers several compelling reasons beyond the obvious appeal of the tropical paradise. Here are a few less obvious factors to consider:
- Sustainable urban development: The city is a prime example of a commitment to sustainable urban planning. The island was reclaimed from the sea and designed with climate resilience in mind, featuring elevated roads and flood-resistant infrastructure. This makes it an attractive option for eco-conscious investors seeking to contribute to the country's green initiatives;
- Expanding population and growing demand: The Maldivian government has ambitious plans to transform the region into a thriving metropolitan area. The island's population is projected to reach 240,000 by 2023, up from the current 60,000. This rapid population growth is expected to drive increased demand for housing, commercial spaces and supporting amenities, presenting significant opportunities for real estate investors;
- Diversification of the tourism sector: While the Maldives is renowned for its luxury resort destinations, Hulhumale is positioning itself as a more affordable option for travellers. The development of budget-friendly hotels, guest houses and leisure facilities in Hulhumale aims to attract a broader range of tourists, potentially expanding the customer base for real estate investors;
- Connectivity and accessibility: The city is connected to the capital, Malé, via the 6.7-kilometre bridge Sinamalé Bridge, completed in 2018. This improved connectivity has made the place more accessible, facilitating the commute between the two islands and enhancing Hulhumale’s appeal for residents and businesses alike.
Buying real estate in Hulhumale
Investing in real estate for sale in Hulhumale has been streamlined through our platform. Equipped with intuitive search functionalities, our site empowers you to effortlessly browse and select from a diverse range of residential options across this city or property in Maldives. Whether you're seeking apartments, villas or townhouses, you can easily filter properties by type, location or price point to find the ideal match for your needs and budget. Furthermore, our platform offers valuable guidance and recommendations to assist you in navigating the process of purchasing apartments in Maldives, ensuring your investments are made with minimal risk and maximum security.