Real Estate Bill provides a clear response to false claims surrounding the Rasmalé project

The Real Estate Bill, submitted by Henveiru North MP Ahmed Aifan on behalf of the Government, began its parliamentary process at an opportune time. The timing coincides with ongoing preparations for a major development project in Rasmalé, to be undertaken in partnership with prominent UAE businessman and investor Mohamed Alabbar under the name Maldives Waterfront and Marina. The project is expected to give a significant boost to the Maldivian economy.

Led by Alabbar, founder of Emaar Properties and Chairman of Abu Dhabi-based Eagle Hills, the project is estimated to involve an investment of between US$12 billion and US$20 billion. It is described as a historic development that could bring major changes to the country's economy.

Despite the potential benefits the project could bring to the country and its people, the opposition is accused of continuously attempting to create public concern by spreading negative narratives about the development. The statement alleges that various campaigns are being conducted to achieve political objectives.

As major projects that could open a new chapter in the Maldives’ development and transform its economy are announced, opposition groups are accused of distorting facts and spreading fear for political gain.

In particular, claims surrounding the Rasmalé project, which involves reclaiming Fushidhiggaru Falhu near Malé, and the proposed Maldives Waterfront and Marina development have included allegations that Maldivian law will not apply in the area and that activities contrary to Islamic values will be permitted.

The Real Estate Bill submitted to Parliament makes clear that these claims have no basis.

Constitutional framework and the supremacy of the Constitution

The Constitution of the Republic of Maldives is the foundation of every law enacted and every policy established in the country.

Article 268 of the Constitution stipulates that all laws enacted in the Maldives must be consistent with the Constitution. Any law, or provision of a law, that contradicts the Constitution is therefore void.

Furthermore, Article 10 of the Constitution establishes that no law may be enacted in the Maldives that contradicts the principles of Islam.

The Government of President Dr Mohamed Muizzu says it is committed to upholding the rule of law and ensuring that no activity takes place outside the constitutional framework. It says this commitment is demonstrated through its actions and policies.

Accordingly, the Real Estate Bill is being presented as legislation founded on these constitutional principles.

Safeguarding sovereignty and the authority of the State

Article 98 of the Bill is cited as evidence that claims about establishing an area within the Rasmalé project where Maldivian law would not apply, or where separate rules would govern, are unfounded.

Article 98(a) states that no activity contrary to Maldivian laws and regulations may be carried out in any zone designated for investment.

In addition, Article 98(b) prohibits any action that could undermine the independence or sovereignty of the Maldives.

Under Article 98(c), neither the master developer nor any other party is permitted to take any action that could obstruct the functioning of the State’s constitutional system.

These provisions are presented as confirmation that the area will remain fully under the authority and jurisdiction of the Maldivian State.

Islamic principles and religious safeguards

Another claim raised by opposition groups is that the Rasmalé development could allow businesses and activities prohibited under Islamic Shariah, including gambling and other unlawful activities.

However, Article 98(d) of the Bill is cited as explicitly prohibiting businesses or services that facilitate activities forbidden under Islamic Shariah, including gambling.

Furthermore, Article 98(e) prohibits the public display of religious symbols belonging to religions other than Islam, the holding of religious celebrations associated with other religions, and the construction of places of worship for other religions within investment zones.

These provisions are described as strong legal safeguards intended to protect the Maldives’ Islamic identity and religious standards.

Political claims challenged by the proposed legislation

Bills and legal documents presented before Parliament are public records that can be examined openly.

The statement argues that, as the scale of development under the Rasmalé project becomes clearer, politically weakened opposition groups are spreading claims intended to obstruct national development.

However, it says the Real Estate Bill, formulated within the framework of the Constitution and designed to safeguard Maldivian sovereignty and Islamic principles, exposes what it describes as false claims being circulated by the opposition.

The Rasmalé project is described as a major development initiative designed to strengthen the Maldives’ economic prospects and create new opportunities in housing and business.

The Real Estate Bill is intended to establish a robust legal framework to ensure that even major investments of this nature operate while respecting the sovereignty of the Maldivian State, the authority of its laws and the protection of Islam.

The provisions of the Bill demonstrate that there is no room for political misinformation or distortion.