Monday 5th Dec 2022
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Maldives Airports Company Limited

MACL’s flats built under Hiya Project handed over to owners

Maldives Airports company Limited (MACL) is amongst the first state-owned enterprises to hand over the flats they built for their employees under Hiya project, the housing project commenced during the former President Abdulla Yameen Abdul Qayyoom’s administration, to their owners.
Yameen’s administration assigned MACL a land of 24,000 square feet under Hiya Project where the company had erected two towers naming them “Aero Residency”.
Minister of Housing, Mohamed Aslam, and MACL’s Managing Director Mahjoob Shujau were in attendance at the ceremony held today to hand over the keys to flat owners. The ceremony involved assigning housing and handing over symbolic keys to their flats to a tenured employee, a staff member deceased at work and a retired employee.
The two towers consist of 240 two-bedroom flats and 144 one-bedroom flats, which amount to 384 flats; 312 flats owned by their employees and the rest sold to the public.
The 72 flats that were now sold to public buyers, were initially dedicated by Yameen’s administration towards the newly-weds category of the Hiya Project. However, Ibrahim Mohamed Solih’s administration had denied the existence of the newlyweds category flats despite assigning owners and releasing the recipient list for the category.
The prices of the flats in question range between MVR 1.3 million and MVR 2 million and vary between 7 distinct types of flats each with different price points.