Modon Holding partners with Candy Capital to develop luxury real estate projects in Abu Dhabi, aiming for regional and global expansion.
Abu Dhabi's Modon Holding and the UK's Candy Capital are setting up a new real estate joint venture. This collaboration focuses on redefining the ultra-luxury real estate sector in Abu Dhabi. But it is also expanding its focus towards the wider Middle East market and beyond. Combined, the two will develop unique projects that raise the benchmarks in design, quality, and luxury living.
The partnership intends to deliver high-end residential, commercial, and hospitality projects. The location of these developments will be across key markets in the Middle East. They also have plans for global expansion.
COMBINING REAL ESTATE EXPERTISE FOR SUCCESS
Candy Capital brings its vision and expertise in ultra-luxury real estate. Modon adds its strength in development and financial resources. Together, they plan to create iconic projects. These projects will shape the future of luxury real estate.
For Jassim Mohammed Buataba Al Zaabi, the chairman of Modon Holding, this partnership represents a big leap forward. He expresses that the deal with Candy Capital will push Modon to new heights. Along with ultra-luxury Candy Capital, Modon is undertaking efforts to redefine the real estate market.
EXPECTATIONS FOR TRANSFORMATIVE PROJECTS
Nick Candy, CEO of Candy Capital, welcomed this deal. According to him, this is a pivot moment for both companies. He also stated that Candy and Modon share a clear vision of growth and innovation. This way, they both will lead innovative projects in the ultra-luxury real estate market. Candy stressed that their long-term strategic aim is to create iconic developments. These will redefine luxury living across the world.
FOCUSING ON QUALITY AND SUSTAINABILITY
Bill O'Regan, group CEO of Modon, highlighted the partnership’s focus on delivering unparalleled living experiences. These developments will blend innovation, sustainability, and elegance. He also emphasized that this partnership will enhance their project portfolio. But beyond this, he also mentions how the partnership will help set new standards in the global luxury real estate market.
A BRIGHT FUTURE FOR ULTRA-LUXURY REAL ESTATE IN ABU DHABI
This new partnership is a bold step into the future by Modon Holding and Candy Capital. Their aim focuses on enhancing the appeal of ultra-luxury real estate in Abu Dhabi and beyond. Quality, sustainability, and innovation are core areas that they will focus on. It is through emphasising these facts that they are ready to leave a strong mark on the global property market. Together, they plan to revolutionise key markets and create landmark projects. By doing so, they aspire towards redefining luxury living for a global audience with high expectations.
Ryan Keeler | Oct 09, 2024