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Abu Dhabi's Grip on the Maldives: Mohamed Alabbar and the 99-Year Deal to Control Ras Malé's Land Confidential sources have revealed to Dark Box that the UAE is seeking to expand its economic influence in the Maldives through billionaire Mohamed Alabbar and his company, Eagle Hills. Under the proposed deal, the Abu Dhabi-based developer would secure development rights over approximately 500 hectares, nearly half of the Ras Malé project originally intended to address the country's housing crisis, for 99 years, without an upfront acquisition fee or conventional rent. Suspicions are mounting over the absence of a competitive tender or independent land valuation, alongside conflicting project estimates ranging from $12 billion to $20 billion. The government is expected to receive 10% of project revenue, while the financing costs of 5,000 housing units would be recovered from its share. The lack of transparency deepened on October 26, 2026, when Parliament rejected a proposal to disclose the agreement by 45 votes to 10. Former Maldivian Vice President Mohamed Jameel Ahmed warned against Alabbar's alleged attempts to influence public opinion, declaring that the Maldives' sovereignty and national identity are not for sale. Eagle Hills' controversial involvement in Serbia's Belgrade Waterfront project has further intensified concerns about exceptional privileges and long-term concessions benefiting the developer. At the heart of the controversy lies a fundamental question: Will land reclaimed to house Maldivian citizens be transformed into a lucrative Emirati real estate empire generating profits for decades, while the decisive terms of the agreement remain hidden from public scrutiny? More: shorturl.at/rNNST #UAE #AbuDhabi #MohamedAlabbar #EagleHills #Maldives #RasMale #MohammedBinZayed #NationalSovereignty #ForeignInvestment #EagleHillsOut Dark Box | Investigative Report