Emerging Developer of the Month August 2024: Modon Properties
Our Emerging Developer of the Month series looks at rising developers who are coming up with new innovative projects. This month, we are shining the spotlight on Modon Properties, a developer from Abu Dhabi that has notable commercial and residential properties in their portfolio. Let’s take a look a their vision, their properties and upcoming developments.
About Modon Properties
A renowned name in Abu Dhabi’s real estate market, Modon Properties set out on a mission to develop sustainable and high-quality properties in the capital. It is a part of the ADQ, an investment company from Abu Dhabi with various ventures in agriculture, tourism, manufacturing, entertainment and more.
Although relatively newer, they have developed a number of noteworthy buildings, including the new Al Mina Fish Market, Hudayriyat Island and The Courtyard Mall. Their developments emphasise on vibrance, blending creativity with innovation and crafting sustainable, high-quality spaces.
Modon Properties Ready Projects
Modon’s completed developments showcase their creative and innovative side. Let’s run through all their top completed developments, which are mostly in recreation and hospitality in Abu Dhabi:
- Fish Market Abu Dhabi
- Hudayriyat Island cycling track
- Hudayriyat Heritage Trail
- Hudayriyat Mar Vista
- Bateen Liwa Resort
- Bab Al Nojoum Al Mugheirah
- Bab Al Nojoum Hudayriyat
- Al Mugheirah Bay
- Circuit X
- Trail X Hudayriyat
- The Courtyard Mall
- 321 Sports
- Mamsha Al Mugheirah
- Marsana
- Anantara Sir Bani Yas Island
- Qasr Al Sarab Desert Resort by Anantara
- Jubail Mangrove
Outside the UAE, Modon is behind the ‘Reykjavik EDITION hotel’ in Iceland – a five-star resort in the world’s most dreamy capital city.
Upcoming Modon developments
Modon has quite a few impressive upcoming projects in Abu Dhabi, with even residential properties added to the mix. For starters, they are the master developers of Surf Abu Dhabi, the world’s largest man-made wave pool and largest urban park in Abu Dhabi.
From a residential point of view, they have the Al Naseem community, Nawayef Mansions and Villas and Reem Hills – all part of Hudayriyat Island, under their belt. All three developments promise community living and recreational avenues for families.
Let’s list Modon latest projects:
- Surf Abu Dhabi
- The Velodrome
- Nawayef Mansions and Villas
- Reem Hills
- Al Naseem
Frequently Asked Questions
How can I get in touch with Modon Properties?
You can reach out to the Modon Development team at ahlan@modon.ae for general enquiries.
Who is the CEO of Modon Properties?
H.E. Jassem Mohammed Bu Ataba Al Zaabi is the Chairman of Modon. The Group Chief Executive Officer of Modon Holding is Bill O’Regan.
What is ADQ UAE?
ADQ (Abu Dhabi Developmental Holding Company PJSC) is an investment firm based in the UAE capital, chaired by H.H. Sheikh Tahnoon bin Zayed Al Nahyan. Established to diversify the UAE’s economy beyond oil, ADQ holds stakes in various industries. Notable investments include Wizz Air Abu Dhabi, twofour54, Emirates Water and Electricity Company, Emirates Nuclear Energy Corporation, Aramex, LuLu Group International and Etihad Airways. ADQ manages total assets worth $159 billion.
When is Surf Abu Dhabi opening date?
Surf Abu Dhabi was to open in early 2024; it has been delayed further this year.
That’s all we have for you now. To stay up to date with the latest in UAE real estate, follow MyBayut!
(Featured Image credits: Modon website)
