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Modon Awards $1 Billion Maysan Project Contract on Al Reem Island - News Directory 3

Modon Awards $1 Billion Maysan Project Contract on Al Reem Island

December 11, 2025 Victoria Sterling Business
News Context
At a glance
  • Abu Dhabi-based real estate developer Modon has awarded‍ Trojan Construction a contract valued at AED 1 billion (approximately $272.25 million⁢ USD as of December⁢ 11, 2023) to execute...
  • The Maysan project will encompass two distinct ‍residential communities: Mayar and Thuraya.
  • Mayar‍ will introduce a novel housing concept to Abu ‍Dhabi,featuring 60 townhouses and 132 multi-story residential units.
Original source: aletihad.ae

Modon⁣ Awards AED 1 Billion Contract for Maysan Advancement⁤ on⁢ Al Reem Island

Published December 11, 2023

Abu Dhabi-based real estate developer Modon has awarded‍ Trojan Construction a contract valued at AED 1 billion (approximately $272.25 million⁢ USD as of December⁢ 11, 2023) to execute the Maysan project on Al Reem Island.This significant investment underscores Modon’s ⁤commitment to delivering sustainable, high-quality residential communities within the emirate.

The Maysan project will encompass two distinct ‍residential communities: Mayar and Thuraya. These developments are designed to meet the ⁤evolving needs of modern residents and adhere to the highest international construction standards, positioning them as desirable lifestyle destinations.

Mayar‍ will introduce a novel housing concept to Abu ‍Dhabi,featuring 60 townhouses and 132 multi-story residential units. The design prioritizes creating an remarkable living surroundings, with spaces thoughtfully planned to accommodate contemporary lifestyles. This represents a shift towards ⁣more diverse housing options within the city.

complementing Mayar,the Thuraya ⁤community will offer 184 luxurious townhouses,distinguished by their refined architectural designs. ‍⁣ Residents of both communities ‍will benefit from convenient access to key ⁢amenities, including the beach, natural parks, and a central community centre,⁤ fostering a vibrant and integrated neighborhood atmosphere.

The strategic location on Al Reem Island provides ‍residents with easy connectivity to the broader Abu Dhabi cityscape. this project is expected to enhance the⁣ island’s appeal as a premier residential destination and contribute to the overall⁢ growth of the capital.

This article provides information as of⁣ December 11, 2023, and is subject to change.

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Abu Dhabi, Al Reem Island, Arab book, arab world, Modon Company, Modon Real Estate, Modon Real Estate Company, news agency, Political news, The UAE, World news

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