President of the Republic of Maldives Official standard Incumbent Abdulla Yameen Abdul Gayyoom since 17 November 2013 Style His Excellency The Honourable Residence Hilaaleege Seat The President's Office Term length 5 years Renewable once Constituting instrument Constitution of the Maldives Formation 1 January 1953 First holder Mohamed Amin Didi Deputy Vice President of the Maldives Salary MVR 300,000 monthly Website Presidency of the Maldives