Fahi Dhiriulhun Corporation (FDC) has warned that beneficiaries of Government social housing flats are prohibited from renting out their units to third parties, stating that such actions violate the lease agreement and may result in fines of up to MVR 50,000 and termination of the contract.

The warning follows reports circulating on social media advertising flats allocated under the Government’s social housing programme for rent.

One such post offered a three-bedroom apartment for MVR 23,000 per month. Under the Government’s housing scheme, three-bedroom flats in the project are allocated to beneficiaries at a monthly rate of MVR 11,500.

Responding to the matter, FDC Managing Director Hamdan Shakeel said the corporation has been informed of the issue and is reviewing the case. He reiterated that flats issued under the social housing programme cannot be subleased under any circumstances.

According to MD Hamdan, individuals found renting out the subsidised units will face fines of up to MVR 50,000 and may have their lease agreements terminated.

He further noted that subleasing the flats undermines the purpose of the Government’s social housing initiatives, which aim to provide affordable housing opportunities for Maldivians.