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The partnership aims to develop a variety of real estate projects across the Middle East
October 09, 2024 | Staff Reporter | UAE | Property Management
Abu Dhabi-based Modon Holding and U.K. Candy Capital have announced a joint venture aimed at enhancing the ultra-luxury real estate sector in the UAE, the Middle East, and beyond. This partnership aims to redefine benchmarks in design, quality, and luxury living. This will be further achieved through world-class projects tailored for discerning global clientele.
The newly-formed joint venture will focus on delivering a variety of real estate developments. This includes upscale residential, commercial, and hospitality projects. These developments will be strategically situated in key markets across the Middle East, with aspirations for expansion into major cities worldwide.
This collaboration combines Candy Capital’s innovative vision and expertise in ultra-luxury real estate. It also incorporates Modon’s strong development capabilities, operational strength, and financial resources. Together, the two companies aim to create landmark projects. These projects will embody the future of luxury real estate. This collaboration solidifies their leadership in the global property market.
Jassim Mohammed Buataba Al Zaabi, chairman of Modon Holding, expressed enthusiasm about the strategic partnership with Candy Capital, noting that this collaboration represents a significant milestone for Modon as they align with a leader in the luxury real estate space.
Elevating Luxury Living
Nick Candy, CEO of Candy Capital, highlighted that the partnership signifies a pivotal moment for both Modon and Candy Capital, reflecting their shared long-term vision for growth, innovation, and excellence in the ultra-luxury sector. He also mentioned the anticipation of crafting iconic developments with Modon that would transform luxury living on a global scale.
Moreover, Bill O’Regan, group CEO of Modon, stated that they are dedicated to creating unparalleled living experiences that seamlessly blend innovation, sustainability, and elegance. He added that this partnership will not only enrich their portfolio but also establish new standards in the luxury real estate market.
