Modon has sold out Bashayer, a waterfront residential community on Abu Dhabi‘s Hudayriyat Island, within one day of launch. The development generated AED3 billion in sales.
The company said the demand demonstrates Hudayriyat Island’s status as a residential destination in the region and reflects Modon’s approach to creating communities for living.
“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,” Bill O’Regan, Group CEO of Modon Holding said in a statement.
Modon’s Bashayer Waterfront project sells 157 villas, 330 apartments in record time
“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,” Ibrahim Al Maghribi, CEO of Modon Real Estate added.
The gated villa neighbourhood comprises 157 villas. The development offers a clubhouse with a rooftop infinity pool, set within an open green park that includes a children’s playground and sports courts.
The project includes 330 apartments situated within two low-rise terraced buildings near the villas.
