Latest news with #BillO'Regan
Zawya
07-07-2025
- Business
- Zawya
Abu Dhabi: Modon announces sellout of Hudayriyat Island residential plots
Leading Abu Dhabi developer Modon has announced the complete sell-out of its first residential plots, Wadeem, on Hudayriyat Island within 72 hours of launch, generating sales of AED5.5 billion ($1.5 billion). The sales place Wadeem as 2025's highest-valued real estate release in Abu Dhabi to date, said a statement from Modon. Set opposite Abu Dhabi's prestigious Al Bateen area, Wadeem is the first new offering of land so close to the city's most exclusive areas in more than 15 years, as well as the first residential plots release on Hudayriyat Island. The rapid sell-out reflects strong demand and rising confidence in the emirate's real estate projects, it stated. Plots in Wadeem feature ample room for a four- to six-bedroom villa and are generous enough to accommodate a swimming pool alongside outdoor dining and entertainment spaces. 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. On the solid response, Group CEO Bill O'Regan said: "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." "The strong interest in Wadeem is testament to individual and investor confidence in our capabilities in delivering exceptional residential communities," he stated. Offering discerning buyers the opportunity to design and build their own dream homes in one of Abu Dhabi's most desirable emerging locations, Wadeem seamlessly complements Modon's larger Hudayriyat Island masterplan as a unique lifestyle proposition. At the heart of the neighbourhood will be a community centre with a selection of shopping outlets, a private school, a mosque and a central park, connected by walking and cycling paths meandering through lush greenery, said the developer. Supporting healthy lifestyles and wellbeing, a selection of local outdoor exercise areas will include a recreational hub boasting swimming pools, a jogging track, and sports courts, as well as a yoga and meditation zone, it added. Modon Real Estate CEO Ibrahim Al Maghribi said: "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, offering unparalleled quality, lifestyle, and diversity of choice for future residents," he added.- TradeArabia News Service
Gulf Today
04-07-2025
- Business
- Gulf Today
Modon sells out 'Wadeem' on Hudayriyat Island for Dhs5.5 billion
Modon has announced the complete sell-out of Wadeem on Hudayriyat Island within 72 hours of launch, generating sales of Dhs5.5 billion. The sales place Wadeem as 2025's highest-valued real estate release in Abu Dhabi to date. Bill O'Regan, Group CEO of Modon Holding, said, '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. 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, said, '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, offering unparalleled quality, lifestyle, and diversity of choice for future residents.' WAM
Al Etihad
04-07-2025
- Business
- Al Etihad
Modon sells out Wadeem plots on Hudayriyat Island in 72 Hours
4 July 2025 11:44 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.
Arabian Business
01-07-2025
- Business
- Arabian Business
UAE real estate: Modon launches Wadeem on Abu Dhabi's Hudayriyat Island
Modon has launched Wadeem, its first residential plots release on Hudayriyat Island, offering buyers the opportunity to design and build their own homes in Abu Dhabi. Located opposite Abu Dhabi's Al Bateen area, Wadeem represents the first new land offering so close to the city's areas in more than 15 years. Modon unveils Wadeem plot project The development features more than 1,700 plots, each with space for a four- to six-bedroom villa and room to accommodate a swimming pool alongside outdoor dining and entertainment spaces. Bill O'Regan, Group CEO at Modon Holding, said: 'Wadeem represents another milestone in our future vision for Hudayriyat Island and marks an important addition to Abu Dhabi's dynamic, fast-evolving real estate landscape. This unique offering creates an island counterpart to the city's most traditionally exclusive districts on the opposite shore. It combines thoughtfully planned amenities with a unique degree of flexibility for homeowners to craft their own spaces. 'Through Wadeem, we reaffirm Modon's commitment to shaping vibrant, people-centric living destinations, inspired by liveability and individuality, that align seamlessly with the emirate's vision for sustainable growth, quality of life and global competitiveness.' The plots, situated near Hudayriyat Island's coastline, will offer owners views of Abu Dhabi's skyline and access to the island's beaches and the waters of the Gulf. The neighbourhood will include a community centre with shopping outlets, a private school, a mosque and a central park. Wadeem will be walkable and connected by cycling paths through greenery. Local outdoor exercise areas will include a recreational hub with swimming pools, a jogging track, and sports courts, as well as a yoga and meditation zone. Ibrahim Al Maghribi, CEO of Modon Real Estate, added: 'With the launch of our first residential plot project on Hudayriyat Island, we are not only unlocking a high-potential opportunity to invest in one of Abu Dhabi's most sought-after locations, but also giving buyers the chance to realise their own dream home by the sea. Residents will enjoy vibrant green spaces that encourage outdoor living, a distinctive sense of community and unrivalled views of azure waters or the breathtaking skyline, making Wadeem a truly unique, desirable lifestyle destination.' Owners will have access to sports, leisure and hospitality facilities on the island. These include Nawayef Park, Surf Abu Dhabi, Velodrome Abu Dhabi, 321 Sports, Trail X, Circuit X, a network of cycling tracks, Marsana Beach, Bab Al Nojoum beach resort, and the upcoming urban park in the emirate.
Zawya
01-07-2025
- Business
- Zawya
Modon launches 'Wadeem', its first residential plots community on Hudayriyat Island
ABU DHABI - Modon has announced the launch of Wadeem, its first residential plots release on Hudayriyat Island to offer discerning buyers the opportunity to design and build their own homes in one of Abu Dhabi's most desirable emerging locations. Set opposite Abu Dhabi's Al Bateen area, Wadeem features more than 1,700 plots, each with ample room for a four- to six-bedroom villa and generous enough to accommodate a swimming pool alongside outdoor dining and entertainment spaces. Bill O'Regan, Group CEO at Modon Holding, said, 'Wadeem represents another milestone in our future vision for Hudayriyat Island and marks an important addition to Abu Dhabi's dynamic, fast-evolving real estate landscape. He added, "Through Wadeem, we reaffirm Modon's commitment to shaping vibrant, people-centric living destinations, inspired by liveability and individuality, that align seamlessly with the emirate's vision for sustainable growth, quality of life and global competitiveness.' Ibrahim Al Maghribi, CEO of Modon Real Estate, said, 'With the launch of our first residential plot project on Hudayriyat Island, we are not only unlocking a high-potential opportunity to invest in one of Abu Dhabi's most sought-after locations, but also giving buyers the chance to realise their own dream home by the sea."
