The Housing Development Corporation (HDC) has announced the opening of opportunities to apply for land in Hulhumale’ Phase Two for mixed residential and commercial purposes.
Under this new initiative, HDC is offering land for the development of both residential and commercial projects in accordance with the master plan for Phase Two of Hulhumale’. The master plan for this phase includes provisions for social housing and commercial development, aiming to create a balanced and vibrant community.
The land available for mixed residential projects is designated for the construction of 10-storey buildings. These buildings are envisioned to feature apartment complexes with commercial spaces on the ground floor, designed to meet the needs of both residents and businesses in the area.
In addition, HDC is offering four land plots for commercial purposes. The available land plots are about 5,000 square meters, 7,000 square meters, 10,150 square meters and 11,000 square meters.
These commercial lands are being allocated on a land sale model, where developers are responsible for the development and operation of their projects. This model ensures that the businesses established will serve the needs of the Phase Two community effectively.
Expressions of interest for these land parcels are open indefinitely. HDC will prioritise developers who propose the best services and plans that align with and strengthen the master plan for Hulhumale’ Phase Two.
HDC expressed commitment to advancing the development of Hulhumale’ Phase Two in line with the master plan, aiming to foster a well-planned, sustainable urban environment.
For more information and to submit expressions of interest, HDC has asked to visit their website or contact their office directly.