Modon

Modon is the Abu Dhabi developer of Nawayef and the master developer of Hudayriyat Island. It is 84.76% owned by L'imad Holding, an Abu Dhabi government company, reported AED 26 billion of real estate sales in the first half of 2026, and, by what it told the broker Emigeo, launches Nawayef South next, in December 2026.

Modon's newest launch on Hudayriyat Island is Wadeem Gardens, on Sep 30, 2026; its next, by what it told the broker Emigeo, is Nawayef South in December. Its latest results, for the first half of 2026, reported AED 26 billion of real estate sales and AED 2.2 billion of net profit, with AED 23 billion of those sales in Abu Dhabi, which the company said was the most of any developer in the emirate in both quarters.

Who owns it

Modon Holding is an Abu Dhabi public company. It took its present form in 2024 from the merger of Q Holding, Modon Properties and the exhibitions group ADNEC, as its chief executive described it in the first results after the merger. On Oct 30, 2025 it announced that L'imad Holding, which it described as wholly owned by the Abu Dhabi government, had completed buying the shares held by International Holding Company and by ADQ and now owned 84.76% of Modon.

For a Nawayef buyer the point is plain: the hill is being built by a company whose controlling owner is the government of the emirate it builds in.

What it does

Modon reports four businesses: real estate, hospitality, asset and investment management, and events, catering and tourism. Real estate is the one that grew fastest.

Period	Real estate sales	Net profit	Revenue backlog
First half of 2024	AED 7.6 billion	not given here	AED 22.3 billion
Full year 2025	AED 36.3 billion	AED 3.9 billion	AED 46.0 billion
First half of 2026	AED 26 billion	AED 2.2 billion	AED 65.4 billion

The backlog is revenue from homes sold but not yet built, and it nearly tripled in two years. By our arithmetic the first half of 2026 alone brought in more than 70% of what the whole of 2025 did. Half of that came from one launch, Hudayriyat Golf Estates, at more than AED 13 billion.

Where else it builds

Besides Hudayriyat, Modon's releases cover Reem Island in Abu Dhabi (Maysan, Muheira, Tara Park), the Ras El Hekma coast in Egypt, where it is master developer, the La Zagaleta estate in Spain, and joint ventures in London and New Jersey.

Modon's render of a Nawayef villa with a white lattice upper floor, from the street Modon

What it has not yet done at Nawayef

Modon's record at Nawayef is a record of selling. None of the hills' homes has been handed over: the east hill is scheduled for December 2028, and the main construction contract for both hills was awarded only in December 2025 (Handover and Construction). We think that is the fact to weigh against the sales figures. A buyer on the third hill will be relying on a delivery record that, for hillside villas, does not exist yet.

Contact

Modon's own sales line is 800 MODON (800 66366) and sales@modon.com, with sales centers on Hudayriyat Island and at City Walk in Dubai, open 9am to 9pm every day by its website. How to Register Interest covers the routes for Nawayef South.