Robust property sales and backlog drive Modon’s record profit jump in 2025
Dubai: Abu Dhabi-based developer Modon posted a net profit of Dh3.9 billion for 2025 as revenue climbed to Dh13.8 billion, driven by record property sales and a sharp expansion in its project pipeline.
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The group’s revenue backlog surged to Dh46 billion — nearly 1.8 times higher year on year — offering strong visibility on future earnings. Real estate remained the core growth engine, with total sales jumping to Dh36.3 billion, almost triple the level recorded a year earlier.
The bulk of sales came from Abu Dhabi, where projects on Reem Island and Hudayriyat Island saw repeated sell-outs across successive launches, underscoring sustained demand in the emirate’s prime residential segments.
Property business leads earnings growth
Real estate revenue rose to Dh7.4 billion, more than doubling over the year as Modon accelerated project execution and recognised revenue from its expanding backlog.
International developments also supported growth. The launch of the Ras El Hekma project in Egypt generated Dh5.8 billion in sales, while operations in Spain continued to contribute steady recurring income.
Construction and consulting contracts worth Dh32 billion were awarded during the year, underscoring a sharp acceleration in project delivery activity.
Recurring income segments expand
Revenue from asset and investment management rose 13.2% to Dh655 million, supported by occupancy levels of around 97% across the group’s owned properties.
Hospitality revenue climbed 38.9% to Dh792 million, driven by higher average room rates and occupancy of approximately 71%, reflecting stronger tourism and business travel demand.
Events, catering and tourism revenue doubled to Dh5 billion after the group hosted 896 events and served more than 51 million meals.
“Building on the sustained growth momentum of recent years, 2025 marked a new phase of accelerated strategic transformation for Modon, mobilising an integrated business platform aligned across development, investment and asset management,” said Chairman Jassem Mohamed Bu Ataba Al Zaabi.
Group Managing Director Abdullah Al Sahi said the company strengthened its operational platform during the year.
“Modon Holding’s full-year 2025 results mark a clear step in delivering its long-term strategy, as the Group expanded its operations and further diversified its investment portfolio.”
Modon ended the year with a net cash position of Dh1.8 billion, strengthening its funding capacity to support further project expansion.
The company said it will prioritise converting its Dh46 billion backlog into recognised revenue, while continuing to scale recurring income streams across its asset management, hospitality and events businesses.
