Tuesday, 27 October 2026 · Malé Search Newsletter Send us your launch WhatsApp the desk
Maldives Real Estate News

Maldives real estate, reported from the ground: developments, developers, prices, rules, and the homes behind them.

Rules & rates

Under 35, or in a state company? HDFC's special routes

HDFC's Youth Home Purchase lends up to MVR 1 million at 10.50% over 30 years. SOE Hiyaa offers state-company staff 10% for SOE Hiyaa flats. A salary deduction scheme charges 11% for staff of approved employers. Who each suits, with monthly payments.

By Published 1 min read

Illustration from Binga's stock library: a sea-view living room with sailing artwork. Not the building in this story.
Illustration from Binga's stock library: a sea-view living room with sailing artwork. Not the building in this story.

Youth Home Purchase

  • 10.50%, up to 30 years, up to MVR 1 million, 20% equity.
  • HDFC says it is "exclusive for youth purchasing residential properties."
  • On MVR 1 million: about MVR 9,150 a month over 30 years, or MVR 9,440 over 25.

When the product launched, reports gave an age band of 21 to 35. Today's page does not state one. Ask HDFC for the current age rule.

The MVR 1 million cap limits it to smaller or lower-priced homes: with 20% down, a home of about MVR 1.25 million. On most new flats in Greater Malé, it would cover only part of the price.

SOE Hiyaa

  • 10%, up to 25 years, up to MVR 1 million, 20% equity.
  • For staff of state-owned enterprises buying SOE Hiyaa flats to live in.
  • On MVR 1 million over 25 years: about MVR 9,090 a month.

Salary deduction

HDFC's Salary Benefit Scheme:

  • 11%, with payments deducted from salary for staff of employers HDFC has selected.
  • Total deductions under 60% of salary.
  • HDFC publishes its approved employers: government bodies, state companies and private firms.

Which to look at first

  • Buying a smaller home and under 35: start with Youth.
  • Working for a state company: ask about SOE Hiyaa and whether your project qualifies.
  • Working for an approved employer: ask whether salary deduction changes your terms.

As published by HDFC on 18 October 2026. Rates and terms change; confirm them with HDFC before you commit. General information, not financial advice.

Compare lenders with the concierge

Sources and method

Prices are asking prices as listed through Binga unless marked achieved, and are dated. Developer descriptions are reported as the developer's own. Facts the desk could not verify are left out. Spotted an error? Write to hello@binga.mv; corrections are noted at the foot of the piece.

Binga Properties is a real-estate concierge; it may represent homes and developments mentioned here.

Rules & rates

I'm over 50. Can I still use my pension to buy a home?

Yes, until you turn 60, but only half your balance, and the loan must be paid off before you turn 65. That shortens the term and raises the payment: on MVR 2.4 million at 11%, about MVR 33,100 a month over ten years against MVR 23,500 over 25.

· 2 min read

Rules & rates

The five lenders that accept your pension, and the five steps to use it

Only five institutions can take your pension savings as a home loan deposit: Bank of Maldives, Maldives Islamic Bank, HDFC, Mauritius Commercial Bank and Commercial Bank of Maldives. How the request moves between you, the lender and the Pension Office, step by step.

· 2 min read

Rules & rates

How much of my pension can I put towards a flat?

It depends on your age and your balance: all of it up to 35, 80% from 36 to 49, half from 50 to 60. Worked examples at each age, and how that compares with the 10% or 20% deposit lenders ask for on a MVR 3 million flat.

· 2 min read