RU
DE
FR
ES
PT
AR
Are you looking for apartments in Hulhumale for investment? Global Properties offers over 5,000 options for everyone looking for dream apartments in Hulhumale, Maldives. Browse through our listings, explore all the essential details and connect directly with the sellers to secure your dream apartments in this stunning tropical destination.
- Average apartment prices in Hulhumale: 3.5 million Maldivian Rufiyaa (around USD 230,000)
- Average market price per square metre: 45,000 Maldivian Rufiyaa (around USD 3,000/m²)
- Minimum cost of apartments in Hulhumale: 2 million Maldivian Rufiyaa (around USD 130,000)
- Most expensive option: 25 million Maldivian Rufiyaa (around USD 1.6 million)
- Over the last year, the average price has increased by 7.2%
- Minimum area: 50 m²
- Average area: 100 m²
- Maximum area: 500 m²
| Bedrooms | Minimum price | Average price | Maximum price |
| One bedroom | USD 90,000 | USD 120,000 | USD 150,000 |
| Two bedrooms | USD 120,000 | USD 150,000 | USD 200,000 |
| Three bedrooms | USD 150,000 | USD 200,000 | USD 300,000 |
| Four bedrooms | USD 200,000 | USD 250,000 | USD 350,000 |
| Five bedrooms | USD 250,000 | USD 300,000 | USD 450,000 |
When buying an apartment in Hulhumale, foreigners can apply for a residence permit. The application process requires proof of property ownership and submitting the necessary forms. If approved, a residence permit valid for up to ten years can be issued, allowing the holder to live in the Maldives. The permit may need to be renewed periodically and is subject to specific requirements, such as maintaining the property or demonstrating continuous residency. The same procedure applies to other types of real estate in Maldives.
Apartments in Hulhumale
The most popular residential areas in the city are:
- Central
- Phase 1
- Phase 2
Central is the most developed area, serving as the commercial and administrative centre. Locals living in this beautiful area can enjoy Hulhumale Central Park, a 20-acre green space with recreational facilities and the Hulhumale Hospital, a modern medical facility.
Phase 1 is the oldest and most established residential area to buy an apartment in Hulhumale. It is home to several educational institutions, including the Hulhumale Campus of the Maldives National University, providing access to quality education. Residents can also visit the Central Market, which offers a massive choice of fresh produce, seafood and local handicrafts. They can also benefit from the efficient public transportation network.
Phase 2 is a newer development area focused on sustainable and eco-friendly living. The area boasts over ten parks and green spaces, promoting a healthy and active lifestyle for residents. Phase 2 is also home to the Hulhumale Recreational Centre, which includes sports facilities:
- gym
- swimming pool
- outside tennis courts.
- football grounds.
Also, the neighbourhood boasts a developed public transport system with pedestrian-friendly walkways and bike lanes.
Reasons for investing in an apartment in Hulhumale
The city is built on reclaimed land, elevated 2 metres above sea level. This position makes it less vulnerable to adverse natural effects, like rising sea levels. This is especially seen if compared to other low-lying areas in the Maldives. Such a position makes the city’s climate more stable, yet another reason to buy a flat in Hulhumale.
The Maldivian government has been actively promoting the city as a massive modern hub for everything connected to innovation and new technologies. This attracts a growing number of startups and tech companies. It is home to the country's first industrial park, the Hulhumale Industrial Village, which offers specialised infrastructure and support for technology-based enterprises.
The city is home to the Hulhumale Hospital, a state-of-the-art medical facility that serves as a regional healthcare centre. The hospital has advanced diagnostic equipment and offers a wide range of specialised treatments, attracting patients across the Maldives.
The establishment of several reputable educational institutions, such as the Maldives National University campus and the Villa College branch, has created numerous academic communities. This has led to an increase in the demand for family-friendly housing options and rental opportunities catering to students and faculty.
The construction of the Sinamale Bridge, a 1.39-kilometre-long bridge connecting Hulhumale to the airport and the capital city of Male, is expected to significantly enhance the area's accessibility and integration with the broader Maldivian transportation network. This improved connectivity is projected to impact the local real estate market positively.
Buying apartments in Hulhumale
Searching for your ideal flats for sale in Hulhumale just got easier. Our aggregator simplifies this process, introducing a massive database of the latest offerings of houses in Maldives. Whether you're looking for an investment or your dream home, explore our listings of apartments for sale in Hulhumale to find the perfect match and seize the best deals before they're gone.