An Abu Dhabi group that builds the destination, then the homes
Modon Holding PSC is headquartered in Abu Dhabi and listed on the Abu Dhabi Securities Exchange under the ticker MODON. It runs four businesses — real estate, hospitality, events and catering through ADNEC Group, and asset and investment management — and since 30 October 2025 it has been majority-owned by L'imad Holding Company, which is wholly owned by the Abu Dhabi Government. In the first half of 2026 the group reported revenue of AED 9.2 billion, net profit of AED 2.2 billion and a revenue backlog of AED 65.4 billion.
Hudayriyat Island
Through Modon Properties the group is master developer of Hudayriyat Island, 51 million square metres off the south-west shore of Abu Dhabi, where it has created more than 50 kilometres of new coastline, around 16 kilometres of beaches and a cycling network of roughly 220 kilometres. The order of work there is unusual: the island's leisure and entertainment district, 321 Sports and Circuit X opened to the public on 10 November 2020, followed by Marsana, Surf Abu Dhabi, the Velodrome and the Heritage Trail. The first homes did not go on sale until Nawayef Park Views in December 2024.
The residential programme since then has cleared quickly: the 1,700-plot Wadeem community sold out in 72 hours for AED 5.5 billion in July 2025, Bashayer sold out within one day for AED 3 billion in December 2025, and Hudayriyat Golf Estates took more than AED 13 billion within days of its July 2026 launch. GRAF represents Wadeem Gardens — three gated clusters of four-, five- and six-bedroom villas on the island's 2.3 kilometre climate-controlled spine, from AED 8,700,000 on a 25/75 plan, with handover in Q2 2031. Modon is profiled alongside the emirate's other large developers in GRAF's UAE developers guide.
Sources: Modon — Hudayriyat Island, Modon — H1 2026 results, and Modon — L'imad Holding acquisition.
The Abu Dhabi master developer of Hudayriyat Island — and of the leisure island that came before the homes
