Nick Candy’s Candy Capital has teamed up with Abu Dhabi-based developer Modon Holding to launch a luxury real estate business in the United Arab Emirates and Middle East.
The newly established joint venture will focus on delivering a portfolio of real estate developments, spanning high-end residential, commercial and hospitality. The projects will be located across key markets in the Middle East region with future expansion into other major cities globally.
Jassem Mohammed Bu Ataba Al Zaabi, chairman of Modon Holding, said the jv marked a milestone for the business.
Candy 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.”
Bill O’Regan, group chief executive 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.”
Image © Abdulla Al Bedwawi/UAE Presidential Court
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