The Housing Development Corporation (HDC) has initiated the sale of land plots on the industrial island of Thilafushi, reserved exclusively for Maldivian citizens. This development, part of the efforts to boost local entrepreneurship, involves the distribution of land across two phases of the island.

A total of 108 plots are available in Thilafushi Zone A, Area B for industrial use. The plots are categorised into three types based on size: Type 1 comprises 64 plots ranging from 2,500 to 4,999 square feet; Type 2 includes 42 plots between 5,000 to 9,999 square feet; and Type 3 offers 2 plots spanning 10,000 to 14,999 square feet.

The sale process will involve two stages: an initial Expression of Interest (EOI) submission, followed by a bidding process for plots that attract multiple EOIs. The minimum bid price has been set at MVR 1,700 per square foot.

Prospective buyers are encouraged to submit their bids through the HDC’s online portal or via email at Additionally, current leaseholders of land from Phase I of Thilafushi, who lease plots of at least 5,000 square feet, are now given the option to purchase their leased plots.

Thilafushi is strategically being developed as a primary industrial and business hub in the greater Malé region, aiming to enhance the economic landscape of the area.