Bashayer, Modon’s first waterfront residential community on Hudayriyat Island, completely sold out within one day of the launch, generating AED3 billion (US$820 million) in sales.
The gated villa neighbourhood comprises 157 villas, offering a clubhouse with a rooftop infinity pool, all set within an open green park that includes a children’s playground and multiple sports courts. The development also offers 330 premium apartments, situated within two low-rise terraced buildings.
Bill O’Regan, Group CEO of Modon Holding, said: “Bashayer continues Hudayriyat Island’s consistent record of generating strong local and international investor interest.
“Modon’s visible commitment to creating destinations that enrich lives and inspire a sense of belonging ensures that each new community represents outstanding long-term value, underpinned by a strong lifestyle promise.”
The exceptional demand reinforces Hudayriyat Island’s position as one of the region’s most desirable residential destinations.
Ibrahim Al Maghribi, CEO of Modon Real Estate, added: “The rapid sell-out of Bashayer reaffirms the appeal of Hudayriyat Island as a world-class destination and the confidence buyers and investors continue to place in the quality of our developments.”
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