Abu Dhabi: Modon unveils first townhouses on Hudayriyat Island at Nawayef Village
6 May 2025 10:27
ABU DHABI (ALETIHAD)Modon Holding has launched its first townhouses at Nawayef Village, a new gated residential enclave on Hudayriyat Island, offering investors and residents a unique blend of luxury, convenience, and natural surroundings, a statement by the company said. The Nawayef Village development forms part of the broader Nawayef masterplan and features 378 freehold units, including three- and four-bedroom townhouses and five-bedroom twin villas. Designed to evoke the charm of Tuscany, the neighbourhood sits strategically between the East and West Hills of the island, surrounded by green spaces and community facilities.'The launch of Nawayef Village, an integral part of the Hudayriyat masterplan, represents yet another key milestone in our efforts to redefine community living,' said Bill O'Regan, Group CEO of Modon Holding. 'Responding to strong demand for townhouses in Abu Dhabi, Nawayef Village will offer residents lush landscapes and a comprehensive suite of amenities and facilities, perfectly curated to provide an elevated standard of living.'The community is also within walking distance of high-end retail outlets and designed to support a lifestyle that combines serene living with proximity to the city's vibrant energy.'The wider Nawayef development enables community living with the vibrant energy of the city only a short drive away,' the statement said. Ibrahim Al Maghribi, CEO of Modon Real Estate, added: 'The exclusive townhouses at Nawayef Village are not simply homes but stand as a new benchmark for community living in Abu Dhabi.'Modon is an international holding company listed at the ADX with a market capitalisation of Dh51.66 billion.
Abu Dhabi Developmental Holding Company (ADQ) and International Holding Company (IHC) are the main shareholders of the company.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
an hour ago
- Al Etihad
Majra – National CSR Fund honours top 20 CSR projects at inaugural Sustainable Impact Challenge 2025
4 June 2025 20:46 SHARJAH (ALETIHAD)Majra – National CSR Fund recognised the top three winning projects and honoured 17 other initiatives shortlisted for the inaugural edition of Sustainable Impact Challenge 2025, during a prestigious awards ceremony held at the SEE Institute in The Sustainable City, under the patronage and in the presence of Abdulla bin Touq Al Marri, UAE Minister of Economy and Chairman of Majra's Board of Trustees, alongside prominent figures, such as Hessa Bint Essa Buhumaid, Director General of the Community Development Authority, the event celebrated innovative initiatives that created tangible impact in the nation's sustainability landscape. Abdulla bin Touq Al Marri said: 'The UAE is deeply committed toward developing national strategies and programs that uphold social responsibility and encourage sustainable practices across all sectors. At Majra, we are pleased to play a key role in this effort by fostering collaboration and building strong partnerships with the private sector."The launch of the first edition of the Sustainable Impact Challenge, which will be held annually, reflects our mission to instil corporate CSR values and nurture a culture of sustainable development. Through this initiative, we aim to support impactful private sector projects that align with the national agenda, contribute to the achievement of the Sustainable Development Goals (SDGs), and promote responsible business practices. This is in line with our broader commitment to shaping a more resilient and sustainable future in accordance with the 'We the UAE 2031' vision.'The Sustainable Impact Challenge is a national platform designed to identify and celebrate outstanding CSR initiatives led by private sector companies, third-sector organisations, universities, and other institutions. It reflects Majra's firm dedication to empowering these vital contributors and directing their efforts toward sustainable recognising impactful initiatives, the Challenge further supports the UAE's broader national drive to achieve the Sustainable Development Goals (SDGs) and promotes the adoption of CSR and sustainability practices across all major her speech, Hessa Buhumaid affirmed the pivotal role played by Majra through the launching of such CSR initiatives and the identification of effective private sector leadership that would enhance social impact. She highlighted the importance of this Challenge as the first initiative showcasing projects with significant environmental, economic, and social impact in conjunction with the prestigious 'Year of Community' Minister praised the efforts of the third sector in providing valuable contributions and actively tackling social, environmental, and economic top three winners included HeroGo, for its project 'Empowering the GCC to access better quality and more affordable groceries while eliminating food waste'; Thiqa Education's '1 Dirham makes an impact' initiative; and Distant Imagery Solutions' 'Rooted in Innovation UAE Engineered Drones Transform Mangrove Restoration' the winners were awarded a total cash prize of Dh600,000 in recognition of their exceptional contributions to sustainable development in the other shortlisted sustainability initiatives were acknowledged for their outstanding efforts and given the opportunity to showcase their project outcomes. Sarah Shaw, CEO of Majra, said: 'We are delighted to identify and honour the innovative, impactful projects through the Sustainable Impact Challenge 2025. These initiatives highlight the pivotal role of private sector firms in driving sustainable change. At Majra, we look forward to relentlessly supporting such efforts that contribute to the UAE's vision for a sustainable, inclusive and resilient future.'On the sidelines of the event, several sessions and meetings were held to reinforce Majra's lead role in fostering sustainability in various industries. A key session at the event featured Abdullah Al Saleh, Undersecretary of the Ministry of Economy and Vice Chairman of Majra's Board of Trustees, along with undersecretaries from five ministries to discuss the main challenges that hinder the advancement of social responsibility in the issues highlighted included the lack of opportunities that encourage private sector involvement, ongoing environmental hurdles and ways to find adequate solutions, and the need for stronger regulatory frameworks that require organisations to implement CSR key session titled, 'The Role of Public, Private and Third Sector in Developing an Impact Economy,' explored the importance of cross-sector collaboration in building a sustainable economy. The panel featured thought leaders including Dr. Habiba Al Marashi, Chairperson and Co-Founder, Emirates Environmental Group, Chandran Nair, Founder and CEO, Global Institute For Tomorrow (GIFT) and Maysa Al Nowais, Executive Director – Community Engagement and Volunteering, Social Contributions Authority – Ma'an. The session was moderated by Mohammed Hanif Al event also hosted the inaugural meeting of the Fashion Sustainability Taskforce, held in the presence of Abdulla bin Touq Al Marri. The meeting laid the groundwork for future collaboration, and set the direction for a unified roadmap to promote sustainability within the fashion industry. The Sustainable Impact Challenge 2025 stands as a testament to Majra's unwavering commitment towards establishing a thriving ecosystem that encourages and supports CSR initiatives in line with the UAE's strategic development goals. Source: Aletihad - Abu Dhabi
Al Etihad
8 hours ago
- Al Etihad
Abu Dhabi Department of Energy completes remediation project for gas systems in buildings
4 June 2025 14:19 ABU DHABI (ALETIHAD)The Department of Energy – Abu Dhabi (DoE) has successfully completed the Gas Systems Remediation project in buildings with a 100 percent completion rate. Over 200,000 safe working hours were recorded during the implementation of the programme, which began in August 2023, as part of ongoing efforts to ensure the safety of gas systems across the Director General of Regulatory Affairs at the Abu Dhabi Department of Energy, Dr. Saif Saeed Al Qubaisi, emphasised that ensuring the safety of Abu Dhabi's residents, properties, and economy is a top priority for the Qubaisi said, 'Safety is a collective effort and a shared responsibility among all stakeholders in this sector. Building owners play a vital role in maintaining the safety and security of the community. We began our inspection and remediation project in August 2023 and have successfully inspected over 3,100 buildings across the Emirate.''I would like to express my gratitude to the building owners in Abu Dhabi for their significant efforts and cooperation, which enabled us to focus our efforts on achieving a safer, more stable, and more sustainable energy sector for the Emirate.'The Abu Dhabi Department of Energy revealed the results of the Gas Systems Remediation Project, announcing the successful completion of work on over 2,400 buildings, including more than 200 buildings classified as high-risk, which were addressed urgently. Additionally, 550 previously undetected gas leaks were identified and repaired, and all gas filling lines were relocated outside the buildings, achieving a 100 percent completion rate. The project also included the replacement of more than 450 gas tanks and control panels, as well as the installation of over 10,000 gas leak detectors inside Director of the Petroleum Products Regulatory Affairs Sector at DoE, Eng Ahmed Alsheebani, said, 'Abu Dhabi continues to lead in ensuring the safe use of gas systems, recognising gas as a vital resource that impacts various aspects of daily life and plays a key role, alongside clean and renewable energy sources, in supporting the stability of the energy sector. I urge all Abu Dhabi residents to remain vigilant when dealing with gas; through collective efforts, we will continue to build a safer and more sustainable community.'Alsheebani extended his appreciation to the Abu Dhabi Department of Economic Development (DED), the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), the Department of Municipalities and Transport (DMT), Abu Dhabi Police, the Abu Dhabi Civil Defense Authority (ADCDA), and the Abu Dhabi Emergency, Crisis and Disaster Management Center, all of whom contributed effectively to the implementation of this to the Executive Regulations for Gas Works in Buildings, property owners are required to sign an annual maintenance contract with a gas operator permitted by the Department of Energy – Abu Dhabi. They must also undergo regular inspections and maintenance conducted by an independent, DoE-approved third-party inspection addition, property owners must obtain a No Objection Certificate (NOC) from the Department of Energy – Abu Dhabi confirming the safety and operability of their gas systems. This certificate has become a key requirement for obtaining the conformity with preventive safety requirements Certificate (ISTIFAA) from the Abu Dhabi Civil Defense Authority.
Zawya
14 hours ago
- Zawya
Armenia Stock Exchange joins 'Tabadul' platform
ABU DHABI - Abu Dhabi Securities Exchange (ADX) announced that the Armenia Stock Exchange (AMX) has officially gone live on the Tabadul platform, becoming the sixth market to join the region's first-of-its-kind mutual market access platform. Tabadul was launched by ADX in July 2022 as the region's first digital exchange operating on a mutual market access model. The platform creates a digital network of exchanges that allows investors to trade securities on international markets with remote access for brokerage firms partnering with the exchanges. Tabadul allows investors to access shares of companies in various sectors including banking, finance, energy and telecommunications. The first transaction via Tabadul between market participants from Armenia (Converse Bank, MetaX Investment Company) and Abu Dhabi (Al Ramz Capital)was successfully executed on 30th May. Armenian investors now have direct access to securities listed on ADX, enabling two-way trading and strengthening strategic ties between the markets. The addition of AMX follows the launch of Kazakhstan Stock Exchange (KASE) on Tabadul in February 2025 and builds on the momentum of the recently signed agreement with the Iraqi Stock Exchange (ISX), which will integrate ISX into the platform in due course. To date, nine stock exchanges have signed agreements with Tabadul, with six having gone live. On this occasion, Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, said, 'We are pleased to welcome the Armenia Stock Exchange to the Tabadul platform. This expansion reflects our commitment to fostering capital market connectivity, enhancing regional liquidity, and supporting the UAE's vision for economic diversification and sustainable development. Tabadul offers access to over 490 listed companies and a combined investor base of more than 7.6 million. In 2024, trading value on Tabadul surged to approximately USD 200 million, a 317% year-on-year increase.' Tabadul enables seamless cross-exchange trading with settlement in local currencies, eliminating the need for dual listings or custodianship. Currently, the platform connects the financial markets of Abu Dhabi, Bahrain, Muscat, Astana, Kazakhstan, and now Armenia. The onboarding of AMX onto the Tabadul platform underscores ADX's ongoing efforts to deepen regional capital market integration and foster stronger financial cooperation. By enabling mutual market access, ADX is expanding investment opportunities, supporting innovation, and reinforcing Abu Dhabi's position as a dynamic and globally connected financial hub. This step reflects ADX's continued commitment to enhancing market liquidity, attracting foreign capital, and advancing the UAE's broader vision for economic diversification and sustainable development.
