Modon Properties | Luxury Real Estate & Residential Projects in Abu Dhabi, UAE

About Modon Properties

Modon Properties, established in the United Arab Emirates in 2018, is a leading real estate developer focused on residential and resort projects in Abu Dhabi. The company aims to enhance the region’s economic growth, social progress, and cultural heritage through innovative, sustainable, and high-quality developments. With a mission to improve living standards and provide modern yet culturally respectful properties, Modon Properties has rapidly emerged as a key player in the UAE’s luxury real estate market.

Leadership and Management

• H.E. Jassem Mohammed Bu Ataba Al Zaabi – Chairman of the Board of Directors and Abu Dhabi Department of Finance.
• H.E. Abdullah Al Sahi – Managing Director and Board Member, previously headed key projects at Modon.
• Bill O’Regan – Group CEO (from January 2024) with 25+ years of experience in the property sector.

Mission, Vision, and Values

• Mission: Deliver projects that enhance lifestyle quality, comfort, and sustainable development.
• Vision: Become a leader in UAE property development.
• Core Values: Innovation, quality, sustainability, cultural respect, and customer focus.

Financial Performance and Expansion

• Revenue in 2024: AED 6.5 billion (~$1.77 billion), a 637% increase YoY.
• Gross Profit: AED 2.4 billion (~$653 million), up 500% YoY.
• Net Profit: AED 9.4 billion (~$2.56 billion), including one-off gains from strategic transactions.
• Global Expansion: Acquisition of La Zagaleta S.L. in Spain, reinforcing presence in luxury property markets.
• New Projects: Initiated five developments on Hudayriyat and Al Reem Islands, generating AED 13 billion (~$3.54 billion) in sales.
• International Investments: Strategic ventures in Egypt, Spain, UK, and Morocco.
• Visitor Engagement: 12.2 million visitors, supporting tourism and events in Abu Dhabi.

Key Developments

• Nawayef West Heights (Hudayriyat Island): 5–7 bedroom villas, 8,804–17,017 sqft, private pools, landscaped gardens, gyms, home cinemas, and garages.
• Thoraya (Al Reem Island): 184 townhouses, 3–4 bedrooms, 2,540–3,433 sqft, communal gardens, BBQ areas, beach access, children’s pool, and ample parking.
• Modon Mayar (Al Reem Island): 3–4 bedroom homes, 2,615–3,336 sqft, private pools, fitness centres, safe play areas, panoramic waterfront views.