Developer profile · Since 2024
State-owned Abu Dhabi developer; no handovers yet
At a glance
Modon Holding is an Abu Dhabi group, listed on the Abu Dhabi Securities Exchange and about 84.75% owned by the Abu Dhabi Government through L'imad Holding.
Reviewed by Ayman Hoque, Operations Manager, Live Dubai InternationalDubai Land Department broker card no. 55937 · Checked October 2026 · 25 sources
It has no projects in Dubai: this page is for Dubai-based buyers considering Abu Dhabi, mainly Hudayriyat Island and Al Reem Island. Its launches have sold very quickly, with AED 36.3bn of property sales in 2025, but it has not yet handed over a home from its freehold programme. Weigh strong state backing against an untested delivery record and payment plans that leave 50-75% of the price due at or near handover.
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All 13 Modon project guides
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Under construction
Selling now| Bedrooms | ||||
|---|---|---|---|---|
| Hudayriyat Golf Estates | Hudayriyat Island, Abu Dhabi | 40/60 | Q3 2030 | 3-6 |
| Wadeem Gardens | Hudayriyat Island, Abu Dhabi | 25/75 | Q2 2031 | 4-6 |
| Bashayer | Hudayriyat Island, Abu Dhabi | 50/50 | Q1 2030 | Apartments 1-4; villas 4-5 |
| Wadeem (residential plots) | Hudayriyat Island, Abu Dhabi | 10/40/50 | Q4 2028 | 4-6 (villas to be built) |
| Nawayef Village | Hudayriyat Island, Abu Dhabi | 50/50 | Q1 2029 | 3-5 |
| Nawayef East (Homes, Heights, Mansions) | Hudayriyat Island, Abu Dhabi | 40/60 | December 2028 | Homes 4-5; Heights 5-7; Mansions 6-8 |
| Nawayef West (Heights, Mansions, Homes) | Hudayriyat Island, Abu Dhabi | 40/60 | Q4 2026 to Q1 2028 | 5-8 |
| Nawayef Park Views | Hudayriyat Island, Abu Dhabi | 60/40 | Q1 2028 | 1-4 |
| Al Naseem | Hudayriyat Island, Abu Dhabi | 40/60 | Q4 2027 | 4-6 |
| Tara Park | Al Reem Island (Tamouh), Abu Dhabi | 40/60 | Q2 2030 | 1-3 |
| Muheira | Al Reem Island (Tamouh), Abu Dhabi | 50/50 | Q2 2029 | 1-3 |
| Maysan (Mayar and Thoraya) | Al Reem Island (Najmat), Abu Dhabi | 40/60 | Q4 2027 | 3-4 |
| Reem Hills | Al Reem Island (Najmat), Abu Dhabi | 50/50 | Villas Q2 2026 | Villas 5-8; apartments 1 and up |
| Ras El Hekma (Montage Residences, Nammos Ras El Hekma) | North Coast, Egypt | 1-5 |
Tap a column heading to sort. Dates as checked October 2026.
Track record
Modon has not yet handed over a home from its freehold programme, so there is no record of on-time or late delivery to judge.
Communities
Tap one for our area guide.
Builds in Hudayriyat Island, Abu Dhabi, Al Reem Island, Abu Dhabi.
Prices
Nothing in Modon's freehold programme has been completed, so there are no rents and no completed-home resales to measure.
Nothing in Modon's freehold programme has been completed, so there are no rents and no completed-home resales to measure. Abu Dhabi has no public transaction feed like Dubai's DLD data, so resale prices are harder to check. Advertised resale listings on Hudayriyat on 8 October 2026 (663 listings) averaged about AED 3.46m for apartments, AED 5.19m for townhouses and AED 10.39m for villas, and villas were advertised at about AED 1,500 per sq ft (August-October 2026). For comparison, Nawayef Village townhouses launched at AED 4.1m in May 2025 and Al Naseem 4-bed villas at AED 7.8m in 2023-24, but these are not like-for-like pairs. Launch pricing works out at about AED 1,900-2,900 per sq ft at Golf Estates (July 2026) and AED 2,100-2,800 at Bashayer (December 2025). Hudayriyat recorded about AED 11.97bn of transactions in Q1 2026, the highest of any Abu Dhabi area by value that quarter. On Al Reem Island, where Modon also builds, gross yields were 8.1-9.3% in May 2026 and the median price was AED 1,826 per sq ft in October 2026. Dubai-based buyers should note that Dubai's market cooled in 2026 (Q3 sales values down 47% on a year earlier, Cavendish Maxwell), and that broker forecasts of 42-56% growth at Golf Estates are marketing, not evidence.
| Community | Price per sq ft | Change | Gross yield |
|---|---|---|---|
| Hudayriyat Island villas (resale listings) | About AED 1,500 asking (August-October 2026) | Not published | No rental market yet (October 2026) |
| Hudayriyat Golf Estates (launch) | About AED 1,900-2,900 (July 2026, derived) | Not applicable | Not let yet |
| Bashayer, Hudayriyat (launch) | About AED 2,100-2,800 (December 2025, derived) | Not applicable | Not let yet |
| Al Reem Island (all developers) | AED 1,826 median (October 2026) | Not published | 8.1-9.3% (May 2026) |
| Yas Island, Abu Dhabi (comparison) | Not published | Not published | 8.6-9.1% (May 2026) |
| Saadiyat Island, Abu Dhabi (comparison) | Not published | Not published | 4.8-6.7% (May 2026) |
Asking prices, gross yields. Work out a net return
Payment plans
On a home priced at AED 1,000,000 that is AED 400,000 before handover, AED 600,000 on handover. Government registration fees are paid on top.
Mostly weighted to handover, with a 5-10% booking deposit (2024-26 launches): 40/60 at Golf Estates, Al Naseem, Nawayef East and West and Maysan; 50/50 at Bashayer, Wadeem, Nawayef Village and Reem Hills apartments; 60/40 at Nawayef Park Views; and 25/75 at Wadeem Gardens, with 75% due in April 2031.
None found (October 2026).
A July 2026 framework with Abu Dhabi Islamic Bank offers up to 75% financing during construction for eligible buyers on qualifying projects. Terms and the project list have not been published.
Hudayriyat and Reem Island projects are freehold and open to all nationalities. A purchase of AED 2m or more can qualify; one guide notes conflicting references to 5- and 10-year visas, so confirm with the ICP (2026).
By assignment with Modon's approval and fees. Golf Estates reportedly allows resale once 20% of the price is paid (2026); confirm the threshold in your SPA.
Wadeem sold freehold plots for self-built villas (July 2025). Plots come with build deadlines; get the consequences of missing them in writing.
Not published for any Hudayriyat or Reem project (October 2026). Comparable Abu Dhabi villa communities charge about AED 5 per sq ft a year and apartment towers about AED 10.85-15 (broker service-charge index, October 2025).
Modon suits Dubai-based buyers who are happy to own in Abu Dhabi and want a villa or townhouse on a new coastal island from a state-owned, cash-rich developer.
FAQs
Modon has not yet handed over a home from its freehold programme, so there is no record of on-time or late delivery to judge. No freehold home handed over; Reem Hills villas due Q2 2026, unconfirmed by Oct 2026.
No. As of October 2026 every Modon home for sale in the UAE is in Abu Dhabi, mainly on Hudayriyat Island and Al Reem Island. Its other projects are in Egypt, Spain, the US and the UK.
Modon Holding is listed in Abu Dhabi and about 84.75% owned by the Abu Dhabi Government. It made AED 3.9bn of net profit in 2025 and held AED 8.6bn of unrestricted cash in June 2026. Its launches have sold very fast, but it has not yet handed over a freehold home, so its delivery record is untested.
L'imad Holding Company, which is wholly owned by the Abu Dhabi Government, holds about 84.75% after buying out IHC (42.54%) and Alpha Dhabi (8.50%) in 2025. The rest trades on the Abu Dhabi Securities Exchange.
The first villa handovers are expected at Al Naseem and Nawayef West on Hudayriyat Island, but dates differ: Property Finder shows December 2026 and Bayut Q4 2027 (October 2026). Reem Hills villas were scheduled for Q2 2026; no handover had been confirmed by October 2026.
Usually 40/60 or 50/50 with a 5-10% booking deposit. Nawayef Park Views is 60/40 and Wadeem Gardens is 25/75, with 75% due in April 2031. No post-handover plans were found (October 2026).
At launch in July 2026: 3-bed townhouses from AED 4.2m, Par 3 villas AED 4.9m, Par 4 villas AED 6.6m, Range villas AED 10.3m, Fairway villas AED 26.8m and golf mansions AED 35.8m. The plan is 40/60 and handover is due in Q3 2030.
Yes. Hudayriyat Island and Al Reem Island projects are freehold and open to all nationalities (2026). A purchase of AED 2m or more can qualify for a Golden Visa.
Modon has not published them for any Hudayriyat or Reem project (October 2026). Ask for a written estimate. Comparable Abu Dhabi villa communities charge about AED 5 per sq ft a year and apartment towers AED 10.85-15 (October 2025).
Abu Dhabi Islamic Bank agreed a framework in July 2026 to finance up to 75% during construction for eligible buyers on qualifying projects. The terms and project list have not been published, so check with the bank.
None is proven, because nothing has been handed over. On nearby Al Reem Island, apartments yielded 8.1-9.3% gross in May 2026. Modon's own 6-8% projection for Hudayriyat is a forecast, not evidence.
Facts checked October 2026 from the developer’s own announcements and results, Dubai Land Department records (via Property Finder, DXBinteract and Propsearch), Bayut market reports and the press. Figures given by the developer are labelled as theirs. This page is information, not financial advice.