In alignment with President Dr. Mohamed Muizzu’s electoral pledges, the rent and deposit for flats managed by Fahi Dhiriulhun Corporation (FDC) have undergone significant revisions. This decision follows public concerns raised with the President regarding the previously high rent and deposit amounts for FDC flats, to which he had committed to reducing these costs.
Dr. Abdulla Muththalib, the Minister of Housing, Land and Urban Development, disclosed the revised rates. Previously, residents of 3-bedroom flats in Aman Dhondhi and Aman Udhares were required to pay a monthly rent of MVR 10,500 and a security deposit of MVR 25,000. Under the new structure, the total monthly payment is MVR 10,000, which includes MVR 8,500 for rent and MVR 1,500 for maintenance fees. The new security deposit required is MVR 8,500. Similarly, for 2-bedroom flats, the former monthly rent was MVR 8,000 with a security deposit of MVR 15,000. These have now been adjusted to a total monthly payment of MVR 7,000, comprising MVR 6,000 for rent and MVR 1,000 for maintenance fees. The security deposit for these flats is now MVR 6,000.
Furthermore, the President has affirmed that a comprehensive solution will be introduced to address the concerns surrounding Hiyaa flats and Vinares flats. He has also confirmed that efforts are currently underway to facilitate more flexible arrangements for residents of Hiyaa and Vinares flats in Hulhumalé Phase II.
