The president also decided to form a new corporation to provide affordable housing.
Almost 40 percent of the Maldives population lives on the capital island.
The flats were meant to be handed over before the end of 2018.
No information is available about costs, finance sources, time-frame or work schedule.
A second city will be developed for a population of 315,000, Yameen announced.
Around 40 percent of the Maldives population lives in the capital.
The Hiyaa housing project involves the construction of 36 towers with one, two and three-bedroom apartments to house 80,000 people, according to the President’s Office.
A list of applicants shows Aalif Rauf received 86 points. He is one of three people charged with terrorism over Rilwan Ahmed's abduction, who disappeared three...
An investigation by the Anti-Corruption Commission found that some 571 application forms that were evaluated under the marking criteria lacked the necessary information.
The government is “creating youth slums” with new flats in Hulhumalé aimed at married couples, a former housing minister tells the Maldives Independent.
The sovereign guarantee was issued for a US$370 million (MVR5.6 billion) loan for the development of 7,000 housing units in the capital's suburb Hulhumalé.
The council president of Dhidhoo island in northern Haa Alif atoll has been suspended in connection with a pending investigation related to newly built housing units...
The island council of Vilufushi in the south-central Thaa atoll has disputed the government's claim of providing permanent shelter for families displaced by the December 2004...
Real Estate Company Amin Construction has been awarded today a plot in Malé for the construction of 90 luxury flats. Of these, 18 flats will belong...