Right across the street from the Hukuru Miskiiy is the Mulee-age Palace. This grand building has quite a story behind it. Completed in 1919, the palace was built by Sultan Muhammad Shamsuddeen III for his son and future heir, Prince Hassan Izzuddin. The palace was designed according to the colonial style of architecture that was trending at the time in the neighbouring country of Sri Lanka. After completing his studies in the Sri Lankan capital city of Colombo, the prince returned to the country in 1920 and settled down in the palace. The prince was said to host many parties and numerous dance and musical performances, just for his entertainment. Unfortunately, the palace was his home only till 1934 as in that year he was banished to an isolated island where he stayed until his death.
Today, the Mulee-age Palace, meaning ''new house of Muli' in the local tongue, is used as the Official Residence of the Maldivian President, and visitors are allowed to see it only externally.