Modon Properties
Upper-mid to luxury, island master plans. Listed on ADX. L'imad Holding, wholly owned by the Abu Dhabi Government, holds an 84.75% stake.
My view
Government-backed and building Abu Dhabi's newest island. Strong backing reduces delivery risk; launches are priced to sell out, so the opportunity is mostly at launch and in the best plots.
What I check hardest: The plot or unit position on the master plan and what is being built next to it.
The facts
- Who owns it
- Listed on ADX. L'imad Holding, wholly owned by the Abu Dhabi Government, holds an 84.75% stake.
- Segment (my read)
- Upper-mid to luxury, island master plans
- Known for
- Hudayriyat Island, Reem Island projects, Wadeem and Bashayer
- Real estate sales, 2025
- AED 36.3bn, nearly triple 2024 Source
- Revenue backlog, end 2025
- AED 46bn Source
- Wadeem plots, Hudayriyat
- AED 5.5bn, sold out in 72 hours Source
Sources: Gulf News: Modon posts Dh3.9 billion profit, Dh46 billion backlog; Finance Middle East: Wadeem on Hudayriyat sells out for Dh5.5 billion. Sales figures are each company's own or a published ranking, and are not always like for like: some are group-wide, some Dubai only. Check a developer's project registration and escrow with the Dubai Land Department (or the relevant emirate) before you pay anything.
Where Modon Properties is active
Al Reem Island (2), Hudayriyat Island (2).
Current projects
- Al Naseem Villas by Modon PropertiesAsk about this project
- Muheira MaysanAsk about this project
- Tara ParkAsk about this project
- Wadeem GardensAsk about this project
Details come from the developer and change often. Confirm availability, prices, payment plans and handover dates before you act. Locations on the map are shown at community level.
What I check before any Modon Properties purchase
- The payment plan. What each instalment is tied to, and what happens if a milestone slips.
- The escrow account. That your payments go into the project's regulated escrow account.
- The record. Past handovers on time, build quality and how snagging was handled.
- The numbers. Price per square foot against comparable projects, service charges and likely rent.
- Your exit. Resale rules, any developer approval needed, and fees on the way out. See the fees guide.
Questions I am asked
Is Modon Properties government-backed, listed or private?
Government. Listed on ADX. L'imad Holding, wholly owned by the Abu Dhabi Government, holds an 84.75% stake.
Where does Modon Properties have projects?
On my property map Modon Properties has 4 projects across 2 areas, including Al Reem Island, Hudayriyat Island.
When are Modon Properties projects due for handover?
The handover dates the developer has given for these projects run from 2027 to 2031. Dates are the developer's own timelines and can move, so confirm before acting.
How do I check a Modon Properties project before buying?
Check the payment plan and what each instalment is tied to, that your payments go into the project escrow account, the developer's record on past handovers, service charges, and whether the price per square foot matches comparable projects. I go through each of these with you before you reserve anything.
Planning to finance this?
Answer three quick questions and GCC Mortgages will come back with what you can borrow and which banks fit, before you commit to anything.
Thinking about a Modon Properties project?
Tell me your budget, timeframe and objective, and I will tell you honestly which launches fit and which do not, whether or not that ends up being with me.