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NewsSelling off part of Rasmale' for "bags of cash": Yameen
Former President Abdulla Yameen accused the government of selling part of the Rasmalé housing project to a Dubai-based firm for "bags of cash." He claims the administration is deceiving the public as the project faces delays. Reports suggest the site may become a special tax zone developed by Emaar in exchange for social housing units.
NewsDiscussion to sell part of Rasmale' to UAE's Emaar
The Maldives government is in talks to sell a portion of the Rasmalé reclamation project to UAE-based developer Emaar. The proposed deal involves granting land for a tourism township in exchange for the construction of social housing and infrastructure. While negotiations are ongoing, a team is traveling to Dubai to finalize the agreement.