Today's Edition
ABU DHABI (ALETIHAD)
Modon has announced the complete sell-out of Wadeem, the first residential land plots on Hudayriyat Island, within just 72 hours of launch, generating sales of Dh5.5 billion.
“The strong performance makes Wadeem the highest-valued real estate release in Abu Dhabi so far this year,” a statement from Modon said.
Located opposite the prestigious Al Bateen area, Wadeem is the first residential land offering on Hudayriyat Island. The swift sell-out underscores rising investor confidence in the capital’s real estate sector.
“As demand for high-quality real estate in prime locations grows, Modon continues to strengthen its position as a trusted name in shaping vibrant, people-centric destinations,” said Bill O’Regan, Group CEO of Modon Holding. “The strong interest in Wadeem is testament to individual and investor confidence in our capabilities in delivering exceptional residential communities.”
Ibrahim Al Maghribi, CEO of Modon Real Estate, added: “The response to Wadeem and the value of sales generated are an outstanding achievement, representing a significant milestone in realising Modon’s vision for Hudayriyat Island. The launch reinforces Hudayriyat’s position among Abu Dhabi’s most desirable residential destinations.”
Wadeem offers buyers the opportunity to design and build customised four- to six-bedroom villas, with space for swimming pools, outdoor entertainment areas, and sweeping views of Abu Dhabi’s skyline. “Homes in the community – just a stone’s throw from Hudayriyat Island’s idyllic coastline – will each offer owners the chance to enjoy stunning views of Abu Dhabi’s impressive skyline, as well as easy access to the island’s many pristine beaches and the azure waters of the Gulf,” the statement said.
The plots are set within a masterplanned community connected by green walkways and cycling paths, and will feature a central park, shopping outlets, a private school, a mosque, and recreational amenities including jogging tracks, sports courts, and yoga zones.
Modon is a listed company on the Abu Dhabi Securities Exchange (ADX) with a market capitalisation of Dh57.05 billion. Abu Dhabi Developmental Company (ADQ) and International Holding Company (IHC) are among its main shareholders.
