The main opposition Maldivian Democratic Party (MDP) asserted today that the government does not hold the legal authority to grant land ownership to foreigners.
In a press statement, the MDP emphasised that the administration lacks the power to formulate any policy or enter into any agreement that would facilitate foreign ownership of Maldivian land, stating that such decisions must rest solely with the Maldivian people.
"The government does not have the authority to establish any policy or enter into any agreement that grants land ownership to foreigners. If a decision is to be made on this matter, it must be made directly by the Maldivian people," the MDP stated.
The party called on the government to refrain from engaging in transactions that grant land ownership to foreigners in the name of the public without first conducting a national referendum to determine the will of the citizens.
The MDP expressed serious concern over the government’s conduct regarding the ongoing transaction to hand over a significant portion of the Fushidhiggaru Falhu lagoon to UAE-based Eagle Hills. The party noted that the inconsistencies in information provided by the government so far, combined with its reluctance to share full details, are "alarming signs."
The opposition urged the government to transparently disclose the duration of the agreement with Eagle Hills, the obligations and financial liabilities of the state, the financial concessions and exemptions granted to the foreign party, and the responsibilities and duties assigned to the developer.
"We call on the government to confirm whether any principles have been agreed upon under this project that would allow foreigners to own land in the Maldives. Furthermore, we demand clarification on whether any aspect of the transactions conducted under this project could create permanent foreign ownership rights over Maldivian land in the future," the MDP said.
However, the MDP clarified that it continues to welcome foreign investors, recognising them as vital partners in the development of the Maldives.
The party added that it would support any measures taken under robust frameworks to expand the private sector and further open free trade opportunities to elevate the Maldivian economy.
While the government has stated that 500 hectares of land in Rasmalé is being leased to the UAE’s Eagle Hills for 99 years, concerns remain that the framework of the agreement could lead to a total loss of sovereignty over the area.
According to details confirmed by Eagle Hills, whenever a property owner in Rasmalé sells their unit, a new 99-year lease term begins. Similarly, if the property is gifted, a fresh 99-year lease period is triggered, effectively creating a cycle of permanent tenure.
