Modon Holding Sees 4.2x Profit Surge in H1 2025 on Real Estate and Global Expansion
Abu Dhabi-based Modon Holding has reported a remarkable net profit of Dhs2.1 billion for the first half of 2025, representing a 4.2-fold increase compared to the same period in 2024 (excluding one-off items). The performance is attributed to record-breaking real estate sales, strong recurring income, and strategic acquisitions that are expanding the company's international reach.
Group revenue tripled to Dhs6.5 billion, and EBITDA rose fourfold to Dhs2.9 billion, confirming the company's accelerating momentum across all core business units.
Real Estate: The Core Growth Engine
Modon’s real estate segment was the key contributor to this surge, generating Dhs3.65 billion in revenue—4x more than H1 2024. Total property sales reached Dhs10 billion, led by the complete sell-out of high-demand projects such as:
- Muheira
- Nawayef Village
The company’s revenue backlog stands at Dhs33 billion, setting the stage for sustained earnings in the coming quarters.
The upcoming launch of the Wadeem community also signals continued demand. The project generated Dhs5.5 billion in sales within just three days in July 2025.
Recurring Revenue: A Diversified Pillar of Strength
Beyond development sales, Modon has expanded its recurring income portfolio, which now accounts for 44% of total group revenues. Key drivers include:
- High occupancy rates across residential and commercial leasing assets.
- Robust contributions from the hospitality and events sectors.
This diversification protects earnings from market fluctuations and creates a stable income stream supporting long-term investments.
Strategic Acquisitions and Global Expansion
Modon’s H1 strategy involved aggressive global expansion:
- 100% acquisition of Arena Events Group, significantly enhancing its position in the events infrastructure sector.
- 50% stake in London’s 2 Finsbury Avenue, through a joint venture with British Land and GIC, strengthening Modon’s presence in the UK commercial real estate market.
Additionally, Modon launched Gridora, an infrastructure development platform in collaboration with ADQ and IHC. In May, Gridora signed an MoU with ADPIC to support Dhs35 billion worth of transport infrastructure projects across Abu Dhabi.
Hospitality, Events & Tourism: Supporting Growth
Modon’s hospitality division, operating 2,097 hotel keys across nine wholly owned properties, contributed Dhs359 million in H1 2025.
Its events, catering, and tourism segment posted Dhs2.2 billion in revenue, boosted by the integration of:
- Arena
- Business Design Centre
- Royal Catering
These acquisitions position Modon as a key player in high-end events and tourism services both regionally and internationally.
Strong Financials and Asset Growth
As of June 2025:
- Total assets rose 12% to Dhs85 billion.
- Net debt remained low at Dhs1.6 billion, equivalent to just 0.03x equity, reflecting a conservative and stable financial structure.
This financial flexibility allows Modon to fund future expansion without over-leveraging.
Future Outlook: Expanding Across Borders
Looking ahead, Modon is preparing to:
- Launch its flagship 170.8 million sqm Ras El Hekma project in Egypt, set to redefine mixed-use coastal developments in North Africa.
- Expand into priority markets including the UK, North America, and Spain.
- Accelerate launches of new communities in the UAE to meet soaring demand from both local and international buyers.
Leadership Commentary
Bill O’Regan, Group CEO, stated:
“The results reflect the strength of our diversified operating model and our ability to scale across high-impact sectors. With record sales, a robust pipeline, and expanding recurring revenues, we’re well-positioned for sustainable growth into the second half.”
Jassem Mohammed Bu Ataba Al Zaabi, Chairman, added:
“Our performance underscores Abu Dhabi’s growing global investment reputation and Modon’s role in supporting the emirate’s urban development vision.”
Conclusion: Modon’s Role in Abu Dhabi’s Future
Modon Holding’s extraordinary H1 2025 results demonstrate the effectiveness of its multi-sectoral strategy, underpinned by:
- Strong real estate fundamentals
- High-value global partnerships
- Scalable infrastructure investments
- A growing base of stable recurring income
As the company continues to align with Abu Dhabi’s economic transformation plans, it stands as a blueprint for regional development excellence, ready to compete on the global stage.
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