Former President Ibrahim Mohamed Solih has called on the government to revert the rent of Fahi Dhiriulhun Corporation flats to the previously fixed prices established during his administration.
In a statement issued by his office, Solih noted that the landlord scheme was introduced to ease the housing crisis in Malé City, with affordable rental rates set at MVR 7,000 for three-bedroom flats and MVR 5,000 for two-bedroom flats. An additional MVR 1,000 was allocated as a monthly maintenance fee, with no advance payments or deposits required from recipients. Furthermore, tenants were given a three-month grace period before beginning rental payments to allow time for furnishing and settling in.
However, the statement criticized the current government for raising both rent and maintenance fees and introducing a security deposit requirement. Under the new scheme, a two-bedroom flat now costs MVR 7,000 in rent, MVR 1,000 in maintenance fees, and requires a MVR 15,000 security deposit.
Solih’s office warned that abrupt policy changes regarding public housing undermine trust in the state and urged the government to reinstate the original pricing model to ensure public confidence and affordability.
However, the government stated that maintaining the previous rates would result in significant financial losses and emphasized that sustainability is essential for continuing state housing initiatives.
In a statement issued by his office, Solih noted that the landlord scheme was introduced to ease the housing crisis in Malé City, with affordable rental rates set at MVR 7,000 for three-bedroom flats and MVR 5,000 for two-bedroom flats. An additional MVR 1,000 was allocated as a monthly maintenance fee, with no advance payments or deposits required from recipients. Furthermore, tenants were given a three-month grace period before beginning rental payments to allow time for furnishing and settling in.
However, the statement criticized the current government for raising both rent and maintenance fees and introducing a security deposit requirement. Under the new scheme, a two-bedroom flat now costs MVR 7,000 in rent, MVR 1,000 in maintenance fees, and requires a MVR 15,000 security deposit.
Solih’s office warned that abrupt policy changes regarding public housing undermine trust in the state and urged the government to reinstate the original pricing model to ensure public confidence and affordability.
However, the government stated that maintaining the previous rates would result in significant financial losses and emphasized that sustainability is essential for continuing state housing initiatives.
