Modon has actually released Bashayer, the first waterside property neighborhood on Abu Dhabi’s Hudayriyat Island, introducing a new tranche of high-end rental properties and apartment or condos forgeting Al Bateen Beach and the city horizon.
The advancement consists of 157 4 and five-bedroom suites in a gated area secured by a club with a rooftop infinity pool.
The suites sit within designed park that consists of a youngsters’s play area and multi-sport courts.
Adjacent to the vacation homes, Modon is establishing 330 one- to three-bedroom houses and four-bedroom penthouses across 2 low-rise terraced structures. The master plan consists of a 3 5 -kilometer beachfront boardwalk with walkable piers and a direct park developed to improve pedestrian access throughout the neighborhood.
Bill O’Regan, Team CEO of Modon Holding, stated the launch notes “the next phase” in Hudayriyat’s change into an incorporated lifestyle location. “With Bashayer, Modon is understanding the complete possibility of Hudayriyat’s coastal landscapes, motivating connection and opening chance,” he said.
Ibrahim Al Maghribi, Chief Executive Officer of Modon Real Estate, stated the job provides “an uncommon possibility to possess an ultra-premium home on a world-class waterfront,” adding that its design and place are anticipated to draw in purchasers seeking long-term worth in the funding.
IHC unloads Modon stake to L’imad
The launch of Bashayer complies with a considerable change in Modon’s shareholder structure earlier this year. In October , Arabian Business reported that International Holding Firm (IHC) offered its whole 42 54 per cent stake in Modon Holding to L’imad Holding, a completely had Abu Dhabi government entity, as part of a broader profile adjustment.
IHC stated the divestment was driven by its market focus framework which caps exposure to any kind of single industry at 20 percent. The sale belongs to the company’s plan to rebalance its weighting in real estate and redirect capital right into healthcare, modern technology, energy, food and farming, financial solutions and various other development markets.
Given that obtaining its stake in August 2023, IHC stated Modon had actually broadened into a leading real estate and facilities system publishing multi-billion-dirham earnings in 2024 and strong earnings right into the very first half of 2025
