Abu Dhabi – Mubasher: Modon Holding has sold 378 units in Nawayef Village at a combined value of AED 2 billion, according to a press release.
Nawayef Village is the first townhouses on Hudayriyat Island, offering three and four-bedroom townhouses and five-bedroom twin villas inspired by the classic beauty of the Tuscan countryside.
Bill O’Regan, Group CEO of Modon Holding, said: “With Nawayef Village, we seek to reimagine urban living and continuously enhance the residential offering in the city.”
Ibrahim Al Maghribi, CEO of Modon Real Estate, commented: “The success of Nawayef Village is a testament to Modon’s track record and commitment to developing groundbreaking projects and highlights the growing demand for townhouses in the emirate of Abu Dhabi.”
The net profits of Modon Holding hiked to AED 9.38 billion in 2024 from AED 573.95 million in 2023, while the revenues surged by 637% to AED 6.51 billion from AED 882.39 million.
