What Modon does

Modon Holding PSC is an Abu Dhabi-headquartered, ADX-listed international holding company (ticker: MODON) operating across four business segments: Real Estate development, Hospitality, Events/Catering/Tourism, and Asset & Investment Management. Formed in February 2024 through the consolidation of Abu Dhabi state-held assets under L'imad Holding (84.75% sovereign ownership), the company delivered its first full year of consolidated results in FY2025 with revenue of AED 13.8 billion (~$3.75 billion), net profit of AED 3.9 billion, and a revenue backlog of AED 46.0 billion.

Its core product is master-planned community development — large-scale, mixed-use residential and commercial districts integrated with hospitality, retail, sports, and leisure infrastructure. Flagship UAE projects include Hudayriyat Island developments (Nawayef East/West, Nawayef Village, Al Naseem, Bashayer), Reem Island communities (Tara Park, Muheira, Reem Hills), and international projects spanning Egypt (Ras El Hekma, with Montage Hotels), Spain (La Zagaleta), the United States (Harborside 4 JV in Jersey City with Related Companies and Panepinto), the United Kingdom (2 Finsbury Avenue JV with British Land and GIC), and Taiwan (Muheira II via Knightsbridge Partners). The technology layer centers on Estidama-certified sustainable building frameworks, district cooling partnerships (Tabreed), and smart-city infrastructure rather than proprietary AI platforms.

Revenue is generated through a mix of one-time real estate unit sales (the dominant 2025 driver with AED 36.3bn in record sales), recurring hospitality operations (Anantara, Qasr Al Sarab, Bab Al Nojoum), recurring venue and event income (ADNEC Centre Abu Dhabi, ExCeL London, Business Design Centre), and asset-management streams including sports and leisure facilities (Surf Abu Dhabi, Velodrome). The go-to-market combines direct developer sales in the UAE with international joint ventures for overseas developments and channel partnerships (e.g., Knightsbridge Partners for APAC) for distribution in new geographies. End-customers span high-net-worth individuals (targeted via AED 2M+ Golden Visa eligibility and freehold structures), first-time buyers (via 40/60 payment plans such as Tara Park), and corporate/institutional event clients of the ADNEC and ExCeL venue portfolio.

Name

Modon

Legal name

Modon Holding PSC

Website

https://modon.com

Company type

Public

Founded year

2024

Operating status

Operating

Headcount range

101–250 employees

Short description

Modon Holding PSC is an Abu Dhabi sovereign-backed (84.75% L'imad Holding), ADX-listed holding company developing master-planned residential communities, luxury hospitality, event venues, and sports facilities across the UAE, Egypt, Spain, USA, UK, and Taiwan.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Villas & Luxury Estates (THAMAAAC)

akta.pro secondary industries

Luxury Villas & Residences Resorts (THAGACAM), Luxury Private Island Resorts (THAGACAL), Desert Luxury Resorts (THAGACAC), Ultra-Luxury Villas & Estates (THAMAEAA), Luxury & Estate Rentals (THAGANAF)

Keywords

• Master-planned communities
• Luxury real estate development
• Hospitality resort operations
• Event venue management
• Asset investment management

Headquarters

HQ city

Abu Dhabi

HQ country

United Arab Emirates

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Real Estate Development and Sales: Primary revenue driver with record AED 36.3 billion in sales (2025), including AED 29.8 billion in Abu Dhabi. Includes off-plan property sales, ready property transactions, and land sales across UAE and international markets (Egypt, Spain, USA).
2. Hospitality and Tourism: Development and operation of luxury resorts and hotels including Anantara Sir Bani Yas Island, Qasr Al Sarab Desert Resort, and Bab Al Nojoum properties. Includes international hospitality assets.
3. Events, Catering and Tourism: Operation of ADNEC Centre Abu Dhabi, ExCeL London, Business Design Centre London, and event management through Capital Events. Includes Royal Catering acquisition expanding catering capacity to 50,000+ meals daily.
4. Asset and Investment Management: Sports and leisure facilities including Surf Abu Dhabi, Velodrome, Al Ain Adventure, and Souq Mina Zayed. Rental income from commercial assets and recurring revenue from facility operations.
5. Revenue Backlog Conversion: AED 46.0 billion revenue backlog providing strong forward earnings visibility. Backlog includes committed projects across real estate, hospitality, and international developments.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Modon develops and sells luxury freehold residential properties across master-planned communities in the UAE and internationally (Egypt, Spain, USA, UK, Taiwan), while operating luxury hospitality resorts, large-scale event and exhibition venues, catering services, and sports and leisure facilities. Its primary commercial output is the sale of residential units (apartments, villas, townhouses, mansions) within integrated, sustainability-certified developments such as Hudayriyat Island, Reem Island, Ras El Hekma, La Zagaleta, and Harborside 4.

Product overview

Modon is an international holding company headquartered in Abu Dhabi, listed on the Abu Dhabi Securities Exchange (ADX), operating across four core business segments: Real Estate (developing master-planned communities and residential projects across UAE, Egypt, Spain, and the USA), Hospitality (luxury resorts and hotels across five countries), Events, Catering & Tourism (managing global exhibition venues including ADNEC and ExCeL London), and Asset & Investment Management (sports, leisure facilities, and diversified investments). The portfolio spans iconic developments like Hudayriyat Island, Reem Island projects (Tara Park, Muheira, Reem Hills), international projects in Egypt (Ras El Hekma), Spain (La Zagaleta), UK (2 Finsbury Avenue), and USA (Harborside 4 Jersey City), alongside world-class venues and sporting infrastructure including Surf Abu Dhabi and Velodrome.

Differentiator

Problem solved

Functional benefit

Products and services

• Hudayriyat Golf Estates Luxury golf estate residential development on Hudayriyat Island, Abu Dhabi, part of the master-planned community focused on sports and leisure living.
• Tara Park Six-tower residential development on Reem Island in Abu Dhabi with 834 freehold apartments comprising one-, two-, and three-bedroom units, connected to Reem Mall.
• Muheira Residential community on Reem Island offering contemporary apartments with waterfront views and proximity to business districts and retail hubs.
• Bashayer Waterfront community on Hudayriyat Island featuring 157 villas and 330 residences with high-end amenities.
• Ras El Hekma Mediterranean living development in Egypt representing Modon's international expansion into North Africa.
• Nawayef Village
• Al Naseem Community
• Nawayef East
• Reem Hills
• La Zagaleta

Quantifiable outcome

• AED 13.8 billion revenue (2.1x year-on-year increase) and AED 3.9 billion net profit for 2025
• +4 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered flagship, minor and core.

• Montage Hotels & ResortsflagshipStrategic or Co-development Partner · 17 May 2026Partnership to bring ultra-luxury hospitality brand to Egypt's Ras El Hekma development. Montage is an exclusive ultra-luxury hotel and resort brand, marking their entry into Egypt.
• Related CompaniesflagshipStrategic or Co-development Partner · 22 December 2025Joint venture for Harborside 4, a 54-storey luxury residential tower in Jersey City, New Jersey. Modon holds majority equity stake. Related leads development and construction management with $70 billion in assets under management. Project includes 800 luxury rental apartments and condominiums, completion targeted Q1 2029.
• Panepinto PropertiesflagshipStrategic or Co-development Partner · 22 December 2025Joint venture partner for Harborside 4 in Jersey City. Long-established Jersey City firm with 17+ million sq ft of development delivered since 1977. Brings deep local knowledge and community relationships.
• Nick Candy / Nick Candy VenturesminorStrategic or Co-development Partner · 3 November 2025Joint venture discussions for potential branded residences partnership in Abu Dhabi. Nick Candy is a UK billionaire developer known for One Hyde Park project.
• Knightsbridge PartnerscoreChannel Partner/ Reseller/ Distributor · 23 October 2025Appointed as exclusive master agent for Muheira Phase 2 project in the Asia-Pacific region. Manages regional sales and marketing activities for Taiwan market entry.
• British Land and GICcoreStrategic or Co-development Partner50% joint venture to deliver 2 Finsbury Avenue office towers in London. International partnership for commercial real estate development in UK financial district.
• SAMI Defense SystemscoreStrategic or Co-development PartnerSAR 4 billion defense industrial development agreement at World Defense Show 2026 in Riyadh. Advances Saudi Vision 2030's target of localizing over 50% of military spending through integrated industrial ecosystem.
• Beta DefensiveminorStrategic or Co-development PartnerSAR 71 million agreement in Hail to produce unmanned aerial vehicles. Part of Modon's defense localization initiatives in Saudi Arabia.
• Royal Catering Services LLCcoreStrategic or Co-development PartnerADNEC Group (subsidiary) acquired Royal Catering, Abu Dhabi-based catering provider with over 2,500 employees and capacity of more than 50,000 meals daily. Expands market share and production capacity across energy, defense, healthcare, and education sectors.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Eagle Hills: Abu Dhabi-based real estate developer backed by Abu Dhabi interests, developing master-planned communities and luxury projects in UAE and internationally (Morocco, Bahrain, Serbia). Comparable sovereign backing and luxury master-planned community model.
• Nakheel: Dubai-based master-planned community developer (Dubai Holding-owned) famous for Palm Jumeirah and similar iconic waterfront/luxury developments. Comparable scale and product mix of luxury freehold villa and apartment developments targeting international HNW buyers.
• Meraas: Dubai Holding-owned developer of master-planned lifestyle destinations including luxury residential, hospitality, retail, and leisure (e.g., Bluewaters, La Mer, City Walk). Comparable state-backed integrated community developer with similar diversified asset portfolio spanning residential, hospitality, and entertainment.
• Aldar Properties: Aldar is Abu Dhabi's largest listed real estate developer, operating master-planned communities, residential developments, and commercial assets. Directly comparable as both serve Abu Dhabi's luxury freehold market with similar sovereign backing and comparable product offerings (villa estates, apartments, mixed-use).
• Red Sea Global: Saudi Arabia's sovereign-backed luxury tourism and real estate developer (PIF-owned), developing master-planned coastal destinations with luxury resorts. Closely comparable business model of state-backed integrated destination development with hospitality and residential components.
• Dar Global: Saudi-founded luxury international real estate developer with branded residences in UAE, Europe, and other markets. Comparable international expansion strategy targeting HNW buyers with luxury branded residential products.
• DAMAC Properties: DAMAC is a Dubai-based luxury real estate developer with branded residences and international expansion. Comparable product strategy (luxury villas, branded partnerships with hospitality names) and similar target customer segment of international HNW investors.
• Qatari Diar: Qatar's sovereign-backed real estate developer with luxury residential, hospitality, and master-planned community projects across MENA, Europe, and Asia. Comparable state-backed mandate for international luxury real estate development with diversified portfolio.

Broad incumbents

• Emaar Properties: Emaar is the UAE's largest developer (Dubai-based) with luxury master-planned communities, malls, and hospitality assets. Operates in adjacent UAE geography with overlapping customer base of HNW international buyers, though its core focus is Dubai rather than Abu Dhabi.
• NEOM: Saudi Arabia's mega-project developer (PIF-owned) building futuristic cities including The Line, Trojena, and Sindalah with luxury residential, hospitality, and sports components. Comparable as state-backed master developer, though at much larger scale and earlier stage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ModonProperties
• Facebookfacebook.com/modonproperties

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Modon