Modon Holding, a leading Abu Dhabi-based developer, today (July 29) reported record first-half results, netting a 40% jump in its revenue which soared to AED9.2 billion ($2.5 billion), building on the momentum established over the past two years. 

Announcing the results for the six months ended June 30, 2026, Modon Holding said its Group net profit increased to AED2.2 billion, reflecting the evolving business mix while demonstrating the resilience of a diversified business model.

The Group translated sustained customer demand, disciplined execution and continued operational delivery into record half-year revenue, while maintaining strong profitability and progressing its long-term strategic priorities. Modon also achieved record real estate sales and revenue backlog, underscoring continued demand and securing strong future revenue visibility.

Modon’s outstanding start to 2026 reflected the strength of the Group’s diversified platform, with all cumulative months during the first half outperforming the corresponding period last year. Continued investment in talent, operational capabilities and organisational capacity further strengthened the Group's ability to support its future growth.

Supported by Abu Dhabi's resilient economic fundamentals and continued investor confidence, the Group maintained strong execution against its strategic priorities. Growth was driven by accelerated revenue recognition from Modon’s expanding development progress and stable recurring income streams.

Building on its strong H1 2026 performance, Modon enters the second half of the year with a record backlog, strong liquidity and an expanding development pipeline, underpinned by a diversified business model and disciplined execution. Continued progress across its development portfolio is expected to accelerate project handovers and support future revenue recognition, positioning the Group to deliver sustainable earnings growth and long-term value creation.

Real Estate remained the Group’s primary earnings driver supported by ongoing execution across flagship master-planned developments. 

Real Estate sales reached AED 26 billion across Abu Dhabi, Egypt and Spain, reinforced by the record-breaking launch of Hudayriyat Golf Estates alongside the successful sell-out of Tara Park on Reem Island, demonstrating continued demand for high-quality residential communities in Abu Dhabi. Internationally, strong momentum continued at Wadi Yemm in Egypt through the launch of additional phases, and at the ultra-luxury La Zagaleta estate in Spain.-TradeArabia News Service