Abu Dhabi’s Modon real estate generated Dh3 billion by selling out its Bashayer project on Hudayriyat Island in just one day. Consequently, the sales show strong demand for premium waterfront properties and growing confidence in Abu Dhabi’s property market.
The Bashayer development marks Modon’s first residential community on Hudayriyat Island, south of central Abu Dhabi. Moreover, the gated neighborhood includes 157 villas and 330 apartments. It also offers a clubhouse with a rooftop infinity pool, a children’s playground, sports courts, and a 3.5-kilometer waterfront promenade.
Hudayriyat Island covers 3,000 hectares and is part of Modon’s plan to create a top sports and leisure destination. In addition, it offers residents luxurious amenities and exceptional waterfront experiences. Ibrahim Al Maghribi, CEO of Modon, said the rapid sell-out confirms buyer trust in the quality of Modon’s developments.
Real estate remains a key pillar of the UAE economy. Furthermore, the sector supports diversification away from oil. Government initiatives, such as long-term residency permits for retirees and remote workers, and the expansion of the 10-year golden visa, have successfully attracted foreign investment.
Additionally, Modon expanded overseas by partnering with Broadgate Reit, owned by FTSE 100-listed British Land and GIC. This move enabled Modon to enter London’s prime real estate market and attract international investors.
Modon is also exploring innovative community programs and events to engage residents. By integrating cultural, sports, and wellness activities, the company aims to create a vibrant lifestyle environment that enhances the value of its developments.
In October 2025, IHC and Alpha Dhabi Holding sold their stakes in Modon to L’imad, an Abu Dhabi government entity. Consequently, the transfer strengthens government oversight and supports Modon’s growth plans.
Moving forward, Modon will continue expanding residential offerings on Hudayriyat Island. Meanwhile, the company plans to maintain high standards in design, amenities, and community services. These efforts aim to sustain investor interest and further boost Abu Dhabi’s luxury waterfront market.
