2.1 billion dirhams net profits "Cities Holding" In the first half of 2025
Abu Dhabi, July 28 / WAM / The Moden Holding Group – M.A. “Cities” achieved exceptional results during the first half of 2025, where it recorded a remarkable growth in the net profit of 4.2 times on an annual basis to reach 2.1 billion dirhams, compared to 502 million dirhams in the first half of 2024.
These results are supported by the strong performance of its four main sectors, and the successful integration of recent acquisitions, in conjunction with the implementation of strategic investments with high efficiency. The growth of “cities” was driven by the revenues of the real estate sector, in addition to the high revenue, as a result of improving operational operations in the fields of asset management and hospitality, as well as the outstanding performance in the events, catering and tourism sector.
“Modon” maintains the momentum of performance with the start of the second half of the year, as the sale of all pieces of residential lands that were presented within the “Dim” project during the month of July, at a value of 5.5 billion dirhams, contributed to exceeding the total sales during the first half of the year for the value of sales recorded during the total in 2024.
The group’s revenues amounted to 6.5 billion dirhams during the first half of the year, equivalent to three times the value of the sales recorded in the same period last year, as a result of the registration of strong growth in the accumulated revenues from development projects driven by standard real estate sales from new projects and the existing stocks, in addition to the continuous growth in repeated revenues, and the contribution of recent acquisitions in enhancing results.
The group’s profits increased before interest, taxes, destruction and consumption to 2.9 billion dirhams, equivalent to growth of 4.0 times compared to the same period last year, after excluding unexpected items, bypassing the pace of revenue growth.
The value of the accumulated revenue for the group’s projects was under implementation reached 33 billion dirhams across all business sectors, while the value of real estate sales reached 10 billion dirhams, with all the units offered within two development projects launched by “cities” in just one day, which reflects the strength of demand in the market.
The group continued to enhance its global presence through strategic investments in the United Kingdom and North America, to include the scope of operational operations of “cities” 13 countries.
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