Urbanco announces Vinares flat handover this month

Urbanco has announced that the keys to the Vinares flats will be handed over this month.

According to Urbanco's Public Relations Manager, Ahmed Mimrah, the Vinares flats will be handed over to the applicants before the end of July. In addition, applicants have been requested to submit their credit reports to the Maldives Monetary Authority (MMA) for financial evaluation.

A total of 1,094 individuals from the category of unregistered in Malé City but have lived in the city for 15 years, and 267 individuals from the category of registered residents in Malé City for 15 years, have been selected. However, the exact number of flats allocated to these beneficiaries will be confirmed once flats are allocated to those who have switched from Sealife, Gulhifalhu, and Hiyaa to Vinares.

While Urbanco has signed agreements with some recipients of the flats, the exact number of signed agreements are yet to be disclosed.

The 10 13-storey towers in the Vinares project contains 1,344 three-room apartments that are being sold at prices ranging from MVR 2.5 million to MVR 2.7 million.

Urbanco has reported that a total of 128 flats have been purchased at full price so far.