Abu Dhabi real estate: Modon unveils Hudayriyat Island’s first ultra-premium waterfront community

Modon has launched Bashayer, the first waterfront residential community on Abu Dhabi’s Hudayriyat Island, introducing a new tranche of high-end villas and apartments overlooking Al Bateen Beach and the city skyline.

The development comprises 157 four and five-bedroom villas in a gated neighbourhood anchored by a clubhouse with a rooftop infinity pool.

The villas sit within landscaped parkland that includes a children’s play area and multi-sport courts.

Adjacent to the villas, Modon is developing 330 one- to three-bedroom apartments and four-bedroom penthouses across two low-rise terraced buildings. The master plan includes a 3.5-kilometer waterfront promenade with walkable piers and a linear park designed to enhance pedestrian access across the community.

Bill O’Regan, Group CEO of Modon Holding, said the launch marks “the next phase” in Hudayriyat’s transformation into an integrated lifestyle destination. “With Bashayer, Modon is realising the full potential of Hudayriyat’s coastal landscapes, inspiring connection and unlocking opportunity,” he said.

Ibrahim Al Maghribi, CEO of Modon Real Estate, said the project offers “a rare opportunity to own an ultra-premium home on a world-class waterfront,” adding that its design and location are expected to attract buyers seeking long-term value in the capital.

IHC divests Modon stake to L’imad

The launch of Bashayer follows a significant change in Modon’s shareholder structure earlier this year. In October, Arabian Business reported that International Holding Company (IHC) sold its entire 42.54 per cent stake in Modon Holding to L’imad Holding, a wholly owned Abu Dhabi government entity, as part of a broader portfolio realignment.

IHC said the divestment was driven by its sector concentration framework which caps exposure to any single sector at 20 per cent. The sale is part of the firm’s plan to rebalance its weighting in real estate and redirect capital into healthcare, technology, energy, food and agriculture, financial services and other growth sectors.

Since acquiring its stake in August 2023, IHC said Modon had expanded into a leading real estate and infrastructure platform posting multi-billion-dirham revenues in 2024 and strong profitability into the first half of 2025.