50 percent of RCC’s Maaveyru apartments in Kudahuvadhoo sold

Fifty percent of the apartments from the “Maaveyru” residential apartments in Dhaalu atoll Kudahuvadhoo have been sold, according to the construction company RCC.

RCC Chairman Mohamed Nazim told Mihaaru News that 50 percent of the three-bedroom apartments have been purchased since sales began last month.

He added that discussions are ongoing with the local council on plans for the remaining units.

The project includes 160 apartments across two towers, with each unit priced at MVR 1.5 million. A survey team is scheduled to travel to Kudahuvadhoo next Monday, and the foundation stone will be laid next month.

This is the first commercial apartment project developed outside of Male' by a private company.

Kudahuvadhoo Council President Jadulla Hameed said the project is part of the council’s plan to increase the island’s population. Residents registered in Kudahuvadhoo will be offered rent concessions.

He also noted that a second housing project will begin after the completion of the current towers, with plans to build a total of 320 apartments in the newly reclaimed area.

Since signing with RCC, another company has also shown interest in developing apartments on the island.