Modon, the Abu Dhabi government-backed master developer, has officially entered the Taiwan market with the launch of its flagship residential project, Muheira II, located in the Abu Dhabi Global Market (ADGM) financial district. The announcement was made at a press conference held at eslite hotel Taipei, marking Modon’s first Asia-Pacific expansion and signalling growing interest from Middle Eastern real estate capital in Taiwan.

The event featured presentations by Mohammed Abdelrazik, Chief Commercial Officer of Modon, and Kelvin Wu, Chief Executive Officer of Knightsbridge Partners, drawing strong participation from financial and real estate stakeholders. The launch comes amid rapid growth in Abu Dhabi’s non-oil economy, with ADGM emerging as the Middle East’s fastest-growing international financial centre. Residential demand in the district is increasing at around 6 per cent annually, while supply rises only 2.6 per cent, supporting sustained price and rental appreciation.

Muheira II is located at the heart of ADGM on Al Reem Island, adjacent to multinational corporate headquarters, financial institutions and AI technology firms, with future plans for a high-speed rail hub. Property prices in the district have surged more than 38 per cent this year. To support overseas investors, Modon has reserved units at accessible entry points, starting from approximately NT$550,000–600,000 per ping.

Modon is responsible for major urban development across Abu Dhabi, including Al Reem Island and Hudayriyat Island, with many residential communities selling out at launch. The developer highlighted that Abu Dhabi offers 8–14 per cent rental yields, liberalised foreign ownership rules and flexibility in assignments, with government-backed projects allowing assignment after only 20 per cent payment.

To assist Taiwanese investors, Modon offers international services including investment consultation, legal assistance, handover support and property management. Investor briefing sessions will take place on 6 December at The Lin Hotel in Taichung and 7 December at Regent Taipei, with one-on-one consultations available by reservation.