Villas and houses for sale in Hulhumale

Houses for sale in Hulhumale

Hulhumale, a prominent island in the Maldives, is swiftly emerging as a preferred residential area for both locals and expats. Designed as an extension of the capital, this resort location seamlessly blends urban living with the tranquil beauty of island life. It features a well-planned infrastructure, including transportation, parks and public spaces, making it an appealing choice for families and individuals looking to buy a villa in Hulhumale. The availability of essential amenities such as schools, hospitals and shopping centres ensures that residents enjoy convenient access to their daily needs. Additionally, its proximity to Velana International Airport makes it convenient for frequent travellers and business professionals. The island boasts pristine beaches and offers a variety of water sports activities, providing ample opportunities for leisure and relaxation.

Houses for sale in Hulhumale, Maldives, offer a blend of modern luxury and tropical charm, often characterised by spacious layouts and contemporary architectural styles. These properties typically include amenities such as private swimming pools, lush gardens and direct beach access, providing a serene and exclusive living experience. Generally, a villa for sale in Hulhumale features open-plan living areas, large windows and high ceilings to maximise natural light and ocean views. The interiors often showcase high-end finishes, including marble flooring, state-of-the-art kitchens and luxurious bathrooms. Additionally, this real estate is usually part of gated communities that offer extra amenities like fitness centres, spas and 24/7 security, ensuring a comfortable and secure lifestyle.

Reasons for investing in a house in Hulhumale

Purchasing villas in Hulhumale for investment can be a wise decision for several compelling reasons:

• Strategic location and urban development: The island is part of the Greater Malé Region and features modern infrastructure and amenities in a planned city designed to alleviate congestion in Malé, offering a more organised urban environment. It’s well-connected to the capital via a bridge, making it accessible and convenient for residents and investors alike;
• Tourism and economic growth: The Maldives is renowned for its tourism industry, a significant contributor to the national economy, receiving over 1.5 million visitors annually. The government aims to increase this figure to 3.5 million per year. The resort is becoming a key hub for tourism-related investments, including luxury hotels and residential properties. This growth in tourism translates into higher rental yields of around 6% per annum and rising villa prices in Hulhumale for real estate investors;
• Supportive investment environment: The Maldives presents numerous investment opportunities, supported by pro-business policies, including a relatively low business profit tax of 15%. Additionally, the government actively promotes foreign investment in flats and houses in Maldives, providing opportunities for investors to capitalise on the country's economic growth and stability;
• High demand for residential properties: The demand for residential properties in Maldives is increasing due to its modern infrastructure and beautiful surroundings. Both locals and expatriates are seeking quality housing options and this strong demand ensures that an investment villa in Hulhumale is likely to generate good returns;
• Sustainable and environmentally friendly development: Hulhumale is being developed with a strong emphasis on sustainability and environmental responsibility. The city incorporates green spaces, efficient waste management systems and renewable energy sources.

However, there are important restrictions on purchasing real estate on the island. Foreigners cannot directly own land but can acquire property through long-term leases of up to 99 years. To qualify for a residence permit, an investment of at least USD 1 million is required. Furthermore, conducting a thorough legal review of all documents and transaction terms is essential before finalising any property purchase.

Buying houses in Hulhumale

Global Properties serves as a comprehensive aggregator with a user-friendly interface and built-in search filters, meticulously curating daily listings from the websites of reputable property developers and agencies. Our primary mission is to streamline, facilitate and expedite your search for a house for sale in Hulhumale and other destinations. Discover your ideal villa or apartment in the Maldives with ease and experience the unparalleled convenience of our platform today.