Real Estate

Nick Candy Vows to Outdo UAE Developers With Ultra-Luxury Homes

Abu Dhabi-based Modon Holding forms venture with Candy Capital
Venture will build super luxury projects across Middle East

One Hyde Park, a luxury residential and retail complex, in Knightsbridge, London, UK.Photographer: Hollie Adams/Bloomberg

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By Jack Sidders and Zainab Fattah

October 8, 2024 at 4:00 AM UTC

This article is for subscribers only.

Nick Candy, one half of the sibling duo behind London’s One Hyde Park development, is turning his attentions to the Middle East and promising to set new benchmarks for luxury in a region that’s already well known for its opulence.

Candy Capital has formed a joint venture with Abu Dhabi-based Modon Holding PSC and plans to build a series of projects in the Middle East and North Africa, focusing on homes but also including hotels and offices. The joint venture will build on Modon’s development pipeline as well as sites currently owned by Candy.