Reclamation of Hulhumalé began on October 16, 1997 on the Hulhulé-Farukolhufushi lagoon 1.3 km off the north west coast of Malé. Initial reclamation (or Phase I) consisting of 45% of land mass was carried out by the Ministry of Construction and Public Works (MCPW) costing $11 million The project was then continued by a Belgian Joint Venture Company, International Port Engineering and Management (IPEM) and Dredging International (DI) costing an estimated $ 21 million.

Stage 1A (completed)

A 280 room apartment complex with a combination of 2,3 and 4 bedroom units

An integrated primary and secondary school housing 20 classrooms

A public building for government and social requirements containing 32 units

A Hospital with 50 bed capacity

A Mosque for 1500 persons

Four commercial buildings with a total of 48 units

An asphalt-paved road network approximately 12.5 km long

An adequate land space for the cultivation of indigenous plants and imported varieties

Stage 1B

232 Condominium housing units

120 Basic housing units

169 Beach plots

56 Standard plots,

132 Terraced houses

280 Housing units

57 Residential beach front plots

109 Residential beach plots

56 Residential standard plots.

132 Plots for terraced housing

A public building with 32 public units

15 Industrial and commercial land plots with an average of 1,000 m₂ per unit

Stage 1C

1900 Housing units

Stage 2 (targeted for 2016)

2950 Housing units

Stage 3 (targeted for 2020)

3075 Housing units

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