Modon, Candy Capital launch new ultra-luxury real estate JV
ABU DHABI, October 9, 2024
Abu Dhabi-based Modon Holding and Candy Capital today announced the formation of a landmark joint venture partnership, aimed at amplifying the ultra-luxury real estate landscape in the UAE, the Middle East, and beyond.
With a shared vision for excellence, the partnership seeks to set new benchmarks in design, quality, and luxury living through the development of world-class projects that will cater to the most discerning global clientele.
The newly established joint venture will focus on delivering a portfolio of extraordinary real estate developments, including high-end residential, commercial, and hospitality projects. These projects will be strategically located across key markets in the Middle East region, with plans for future expansion into other major cities worldwide.
Modon said the collaboration combines Candy Capital’s creative vision and unparalleled expertise in ultra-luxury real estate with the Abu Dhabi group's robust development and operational capabilities and financial strength.
Together, the two entities will create landmark developments that reflect the future of luxury real estate, reinforcing their leadership position in the global property market.
Jassim Mohammed Buataba Al Zaabi, Chairman of Modon Holding, said: "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, said 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," he added.
Modon Group CEO Bill O’Regan said: "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," he added.-TradeArabia News Service
