Urbanco, a leading property developer in the Maldives, has announced the launch of a bidding process for five plots of land designated for luxury residential buildings in Hulhumale. The bidding process will begin on the 1st of August and will conclude on the 17th of August.

The available plots of land are located in prime areas of Hulhumale, close to the ferry terminal and the Dhiraagu office. The plots range in size from 20,727 square feet to 25,660 square feet.

Urbanco is seeking proposals for the construction of 2+1 and 3+1 bedroom apartments on the land. The apartments will be spacious and well-appointed, with living rooms, kitchens, dining areas, laundry facilities, and balconies.

Interested parties who wish to submit a bid must provide a bid security deposit of MVR 50,000. The winning bidder will be announced on the 17th of August.

This initiative by Urbanco is a significant development for the housing market in Hulhumale. The availability of prime land for luxury residential projects will boost the city's appeal as a desirable place to live.

The bidding process is open to both individuals and companies. Interested parties can find more information on the Urbanco website.

This is a great opportunity for those who are looking to invest in luxury real estate in the Maldives. The plots of land offered by Urbanco are in prime locations and offer the potential for significant returns on investment.