In a strategic move to enhance the ultra-luxury property sector, UAE-based real estate developer Modon Holding has partnered with Candy Capital, marking the establishment of a new joint venture. This collaboration aims to elevate the luxury living experience across the UAE, the Middle East, and further afield.
The newly formed alliance intends to set pioneering standards in design, quality, and luxury through the development of world-class properties tailored for a discerning global audience. The joint venture will concentrate on delivering a diverse range of real estate projects, encompassing upscale residential units, commercial spaces, and hospitality offerings.
Strategic Expansion Plans
These luxury developments will be strategically placed in vital markets throughout the Middle East, with aspirations for future growth into other major urban centers worldwide. This partnership uniquely combines Candy Capital’s innovative vision and extensive knowledge of ultra-luxury real estate with Modon’s substantial development expertise, operational capabilities, and financial strength.
Together, the two firms aspire to craft landmark properties that embody the evolution of luxury real estate, solidifying their leadership in the global market.
Jassim Mohammed Buataba Al Zaabi, Chairman of Modon Holding, expressed enthusiasm about the collaboration: “We are excited to announce our strategic partnership with Candy Capital. This collaboration marks another milestone for Modon, as we join forces with a leader in luxury real estate.”
Nick Candy, CEO of Candy Capital, remarked: “This partnership marks a significant milestone for both Modon and Candy Capital, reflecting a shared long-term vision for growth, innovation, and excellence in the ultra-luxury sector. We look forward to creating iconic developments with Modon that will redefine luxury living on a global scale.”
Bill O’Regan, Group CEO of Modon, added: “Together, we are committed to creating unparalleled living experiences that blend innovation, sustainability, and elegance. This partnership will not only enhance our portfolio but also set new standards in the luxury real estate market.”
