The Fahi Dhiriulhun Corporation (FDC) has revealed exciting news for entrepreneurs and small business owners in the Maldives. Starting next week, applications for leasing commercial spaces in the Hulhumalé Phase 2 flats will officially open. These spaces, located within the 32 new towers of the development, will cater to a range of businesses, providing essential services to thousands of new residents in the area.
Commercial Space Availability
The Hulhumalé Phase 2 project includes 127 commercial spaces spread across 32 towers, each offering ample opportunities for different types of businesses. Whether you are looking to start a retail shop, open a café, or establish an office, these spaces can accommodate various ventures. Here’s a look at the types of spaces available:
- Retail Shops
- Supermarkets
- Hypermarkets
- Cafés and Restaurants
- Clinics
- Office Spaces
- Fruit and Vegetable Market Stalls
Each space is designed to meet the needs of the businesses and the community, making it easier for residents to access everyday services.
Size and Pricing of Commercial Spaces
These commercial spaces come in a variety of sizes to suit different business needs, ranging from 580 to 6,200 square feet. For those who need more space, additional square footage can be made available depending on the specific requirements of the business.
As for the pricing, the spaces will be rented out at market rates, with the cost ranging from MVR 40 to MVR 45 per square foot. The smallest commercial space will be available for MVR 30,000, making it an affordable option for many small and medium-sized enterprises (SMEs).
Leasing Zones and Categories
The commercial spaces will be leased in six different zones, each tailored to suit various business types. The first zone will see 18 commercial spaces becoming available next week, offering a wide array of leasing options. The spaces will be located on the ground and first floors of each of the 32 towers, ensuring easy access for customers and businesses alike.
Purpose of the Commercial Spaces
The primary goal of these commercial spaces is to support the residents of Hulhumalé Phase 2, which is expected to house around 30,000 people once fully occupied. FDC emphasizes that these spaces are designed to provide essential services such as retail, dining, healthcare, and office facilities right at the doorstep of the community. By doing so, FDC aims to create a vibrant, well-served neighborhood that thrives with the convenience of having key services close by.
Priority for Small and Medium Enterprises (SMEs)
FDC’s leasing initiative specifically targets small and medium enterprises, with a focus on helping start-ups get a foothold in the business world. Entrepreneurs looking to establish their businesses in Hulhumalé Phase 2 will be given priority during the application process. This move will help foster local businesses and create a dynamic commercial environment for the community.
Transforming Hulhumalé Phase 2 Into a Thriving Hub
With the addition of these commercial spaces, FDC aims to transform Hulhumalé Phase 2 into a bustling, self-sufficient community. This development will not only offer homes for thousands but will also provide a wide range of services to meet the needs of the residents. The availability of retail stores, restaurants, clinics, and more will contribute to creating a well-rounded and convenient lifestyle for everyone in the area.
By focusing on small businesses and ensuring priority for start-ups, FDC’s initiative will help encourage entrepreneurial growth and create job opportunities within the local community. This effort is a crucial step in the ongoing development of Hulhumalé, which promises to be a vibrant and thriving part of the Maldives.
