Modon Holding and Candy Capital have formed a joint venture to expand the ultra-luxury real estate market in the UAE, the Middle East and globally. The partnership aims to create high-end residential, commercial, and hospitality projects that cater to elite clients.
This collaboration leverages Candy Capital’s expertise in luxury real estate and Modon’s development capabilities and financial strength. Together, they plan to deliver projects that will elevate the luxury property market, with a focus on key Middle Eastern locations and future expansion into major global cities.
“We are excited to announce our strategic partnership with Candy Capital,” said HE Jassem Mohammed Bu Ataba Al Zaabi, Chairman of Modon Holding. “This collaboration marks another milestone for Modon, as we join forces with a leader in luxury real estate.”
Modon, one of the UAE’s largest real estate developers, continues to create iconic projects for living, business, and leisure. Following its March 2024 rebrand from Q Holding after several high-profile mergers, Modon reported a market capitalisation of Dh45.94 billion as of June 2024, reflecting a 114% year-on-year growth.
