Leading Emirati developer Modon has signed an agreement with Abu Dhabi Islamic Bank (ADIB) to introduce a first-of-its-kind home financing solution in the UAE capital for off-plan property purchases. Under this, eligible homebuyers will be able to access 75% off-plan home financing through ADIB.
Saudi-listed ASG Plastic Factory Company has announced that construction of its fourth expansion project at Sudair Industrial and Business City is expected to begin by the end of the third quarter, with commercial production targeted for the first quarter of 2028.
Modon’s Hudayriyat Golf Estates on Hudayriyat Island, Abu Dhabi has achieved record-breaking sales exceeding AED13 billion ($3.54 billion) within days of launch, marking the highest publicly recorded sales value for a single residential project launch in the UAE.
Hassan Allam Holding, a leading engineering and construction company, said one of its key units has secured a contract from Modon Ras El Hekma to build a luxury hospitality and residential project - Montage Hotel and Branded Residences - at Ras El Hekma in Egypt’s North Coast.
ADNEC Group, the primary driver of Modon’s events, catering and tourism pillar, has delivered its most successful year to date in 2025, setting new milestones across all six of its business clusters, including venues, events, services, catering, tourism and media.
Modon Holding, a leading Abu Dhabi-based developer, has reported a 40% jump in its first-half revenue which soared to AED9.2 billion ($2.5 billion), while its net profit surged to hit AED2.2 billion ($598 million), mainly driven by higher real estate sales and revenue recognition from its development portfolio.
Modon, a major Abu Dhabi-based real estate and lifestyle development company, has announced the complete sell-out of the final phase of Bashayer, its premium waterfront community on Hudayriyat Island, within one day of launch.
Abu Dhabi-based Modon Holding and Nammos Hotels & Resorts have announced Nammos Ras El Hekma, a luxury North Coast destination featuring 72 residences, 79 hotel units, and integrated retail, wellness, dining and hospitality experiences in Egypt.
The Saudi Authority for Industrial Cities and Technology Zones (MODON) recorded strong performance in 2025, attracting a total investment of approximately SAR30 billion ($8 billion), a 25% growth over the previous year.
Abu Dhabi-based Modon Holding and Montage Hotels & Resorts will launch Montage Ras El Hekma in Egypt’s Ras El Hekma, featuring branded residences, 200 guestrooms, 96 residences, luxury wellness, dining, retail, and beachfront lagoons.
