Maldives real estate, reported from the ground: developments, developers, prices, rules, and the homes behind them.
Rules & rates
HDC pre-sale rules, Ministry approvals, the Residential Tenancy Act (see the full guide at /rules/tenancy-act) and bank loan terms, explained. General information, reviewed before publishing; not advice.
Rules & rates
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.
Rules & rates
The Pension Office does not pay out pension savings for housing. It lets members pledge them as collateral, in place of a cash down payment, and the money keeps earning. Why the scheme is built that way, and what it means for your retirement.
Rules & rates
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.
Rules & rates
Under the Pension Office's housing scheme, a lender must sell the home first. Your pledged pension is used only if the sale does not clear the loan. The order of events, a worked example, and what to do before it comes to that.
Rules & rates
The pension housing scheme is open to Maldivian MRPS members under 60. Self-employed people can join the MRPS voluntarily and build a balance; dollar earners contribute in rufiyaa; foreign residents can join the MRPS but cannot use it for a home. Who can, and how.
Rules & rates
The Pension Office's housing scheme covers homes bought to live in, sold on the open market, including flats handed over when construction finishes. What that means for buyers in Greater Malé's new developments, and what it leaves out.
Rules & rates
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.
Rules & rates
The Pension Office answers six questions about its housing scheme. Here they are with the answers, plus what each means for someone buying a flat from a developer, and two corrections where the FAQ's wording says the opposite of what the scheme does.
Rules & rates
The Maldives Pension Administration Office's Dhivehi leaflet on using pension savings to buy a home sets out the whole scheme on four pages: who qualifies, how much you can pledge at each age, which homes count, the five lenders, the three steps and what happens to your money. Here it is in English, section by section.
Rules & rates
Pledging pension keeps your cash free and may get you a lower rate; paying cash keeps your retirement savings out of the loan. Five questions to decide, and how to combine the two.
Rules & rates
The Pension Office charges no fee for the housing pledge that we could find, and the money keeps earning. Some lenders even price pension-backed loans lower: HDFC charges 10.42% against 11%, about MVR 1,000 a month less on MVR 2.4 million. The real costs are risk and lost flexibility.
Rules & rates
Pension savings pledged for a home are not frozen in place: they stay invested, or the lender pays returns on them, and come back to your account when the loan is repaid. How the returns work, what the MRPS invests in, and what it costs.
Rules & rates
The 2026 amendment widens the MRPS for self-employed people. Because the pension housing scheme lets members pledge their savings instead of paying a cash deposit, a self-employed person who builds an RSA balance now builds a home deposit too. How to start, and how fast it adds up.
Rules & rates
Since May 2026 the Pension Act lets members pledge pension savings for a loan to build a house. For a family with a plot, that could cover the equity a construction lender asks for. The construction loans available today, how pension could fit, and the questions to put to your lender while the regulations are written.
Rules & rates
The 2026 Pension Act amendment lets members pledge pension savings for a loan to renovate an existing house. What renovation loans cost today, from HDFC's 11% Home Improvement to MFLC's Green Loan, where a pension pledge might help, and what to wait for.
Rules & rates
The Sixth Amendment to the Maldives Pension Act, in force since 21 May 2026, lets members pledge their pension savings for loans to build a house or renovate one, not only to buy. It also opens the scheme wider to the self-employed and tightens Basic Pension. What changed, what it means for buyers, and what is still waiting on regulations.
Rules & rates
HDFC's Islamic window, Amna, finances flats through a diminishing partnership at 10% to 11%, about the same as its conventional loan. The differences are in the details: takaful, a lock-in fee with a rebate, a property worth at least 125% of the financing, and late charges paid to charity.
Rules & rates
HDFC finances flats only in projects it has approved. Its list has 15, from Bayfancy and Kandoofaa Residence to The Rise, the Rainbow projects, Centreal and SJ Creek. The full list, and how a developer gets on it.
