HDC Assigns SASe/Glut JV with Construction of mixed-use residential Housing Units in Hulhumale’

As Male’ city is overcrowded and to find a quiet and peaceful environment, housing projects are being implemented in Hulhumale’. Housing projects for the middle and upper classes are also being built on the basis of the project that was started.  
 Within the framework of the project, a contract for the opening of 114 mixed-use residential housing units was signed today. During the signing ceremony today, the agreement was signed on behalf of SASe/Glut JV by the company’s Managing Director, Abdulla Savaadh, and on behalf of HDC by the company’s Managing Director, Suhail Ahmed.  
 
To meet housing demand at the lowest possible cost, HDC has clarified that the project will be built at Lot 11445 on Plot S13. The highest price 60% units would be sold is for MVR 2185 per sq ft. The opportunity to sell the remaining 40% at market prices are given to the developer.  
 
After approval of the detailed drawings, it was stated that the project would be completed within 36 months. The housing development projects will be of high quality with a wide range of services and affordable prices. 
 
For more information on the projects and the opportunities available for other investors would be available on “My Hulhumale’ Properties” website.