News updates

News

Stay informed with the latest news, announcements, and insights from Modon. Discover project milestones, corporate developments, and key updates shaping the future of real estate in Iraq.

Announcement: Establishment of the First Private International Schools within the "Bayti" Residential Project

Modon Real Estate Development is pleased to announce that it has received the first official approval to establish private international schools within its residential projects in Salah Al-Din Governorate, specifically inside the Bayti Residential Project — the icon of urban development in the region.

The approved schools include:

  • Modon Private Mixed Elementary School
  • Modon Private Secondary School for Girls

This achievement is part of Modon’s strategic vision to invest in the education sector and its commitment to developing a modern educational infrastructure that nurtures an aware and capable generation, while supporting the creation of fully serviced residential communities.

Modon affirms that this step marks a qualitative addition to its journey in developing integrated residential projects, reflecting its vision of delivering a modern, fully equipped environment that meets the aspirations of its residents and supports sustainable development in our beloved cities.

Chairman of Baghdad Investment Commission Visits Buruj Residential Project: A Milestone in Urban Transformation

Al Handal International Group (HIG) recently welcomed Engineer Duraid Najm Al-Rubaie, Chairman of the Baghdad Investment Commission, to the Buruj Residential Project—a landmark development by Modon Real Estate Development, a subsidiary of HIG—during an official visit on 19 May 2025.

Mr. Hardan Noori Al Handal, Vice-Chairman of HIG and CEO of Modon, accompanied Chairman Al-Rubaie on an in-depth tour of the site, joined by the engineering and technical teams leading the project.

Strategically located in the heart of #Baghdad, the Buruj Residential Project aims to redefine contemporary urban living. The master plan features high-rise residential towers integrated with a wide range of premium amenities, including recreational and commercial spaces, ample parking, an international hotel, civil defense shelters, a gas station, a dedicated power plant, fountains, and even a private airstrip. With the incorporation of state-of-the-art infrastructure technologies, Buruj sets a new benchmark for residential development in the region.

Significant progress has been made on several key components of the project, including Madinat International Schools, upscale retail outlets, and the vibrant Boulevard leisure district. These features are thoughtfully designed to enhance the lifestyle of future residents while contributing a sophisticated architectural presence to Baghdad’s evolving skyline.

During the tour, Chairman Al-Rubaie reviewed construction plans, discussed project timelines with the leadership team, and addressed the remaining challenges. He noted that major obstacles had already been overcome and praised the team for the project's rapid progress. The Chairman reaffirmed the Commission’s ongoing support for Baghdad’s reconstruction and investment climate, pledging to provide continued guidance and help remove any remaining barriers.

Modon Real Estate Development Signs Strategic Partnership with D&G for Phase Five of Buruj Residential Project

Baghdad - 8 May 2025

In a new milestone on the path to innovation and excellence, Modon Real Estate Development, a proud subsidiary of Al Handal International Group, has signed a strategic partnership agreement with the renowned Turkish construction firm D&G. This collaboration marks the launch of Phase Five of the Buruj Residential Project—Modon’s flagship development redefining urban living in the region.

The agreement aligns with Modon’s mission to deliver well-designed, sustainable communities that elevate the standard of urban living. By partnering with D&G, a globally recognized construction leader, Modon is poised to bring the next phase of Buruj to life with innovation, efficiency, and lasting value.

Modon and Lafarge Partner to Implement Green Cement Technology

Baghdad - September 2024

As part of Modon’s ongoing development efforts and through its active agreement with Lafarge - the French company specializing in infrastructure solutions and building materials - both parties have agreed to adopt and implement green cement technology in Modon’s operations. This innovative technology, developed by Lafarge, is designed to significantly reduce carbon emissions and conserve natural resources. The collaboration underscores Modon’s strong commitment to environmental sustainability and to building communities that align with green building principles, ultimately enhancing quality of life and promoting sustainable development.

Modon Begins Handing Over the First Phase of the Buruj Residential Project

Baghdad - April 2024

On April 1st, as promised to our valued customers, Modon began the process of handing over residential units in the Buruj Residential Project. We have initiated direct communication with apartment owners, ensuring a smooth and transparent delivery process. True to our commitment, all units meet international standards in terms of materials and finishing quality. At Modon, we continuously strive to elevate the real estate sector through excellence and reliability.

Modon Wins Prestigious Award from the International Property Awards January 20, 2024

20 Jan, 2024

Adding a new chapter to our success story, Modon Real Estate Development is proud to announce that the La Vida Project - Baghdad has received the International Award for Best High-Rise Residential Building. This recognition is a testament to our excellence in design, innovation, and our ongoing commitment to enhancing the human experience through thoughtful architecture and execution.

We extend our gratitude to the jury of the International Property Awards, and to our partners at DLR International, with whom we proudly share this achievement. La Vida represents a new architectural vision in the heart of Baghdad.

Explore more of our award-winning projects at: www.modoniq.com

Modon Celebrates International Women's Day with Special Launch Offer

Baghdad - march 2024

In recognition of the vital role of women in society, Modon Real Estate Development proudly launched the Riviera Tower - featuring a distinctive design and stunning views - on March 8, in celebration of International Women’s Day. As part of this initiative, Modon introduced a special offer exclusively for women purchasing residential apartments, including:

  • A special discount on units purchased in a woman’s name,
  • A competitive payment plan with only 1% monthly installments,
  • An extended payment period of up to 9 years, directly through the developer, with no interest and a reduced down payment,
  • Additional promotional gifts.

The Riviera and Laguna towers - named to reflect their lakefront views - are part of the second-to-last phase of the project. Demand for units has surged, especially as the first phase nears completion and handover.

Distinguished Attendance at the Launch of Sales for the Fifth Phase of the Buruj Project

Baghdad - January 20, 2024

With gratitude, Modon Real Estate Development proudly announced the sales launch of the fifth and second-to-last phase of the Buruj Residential Project in Baghdad. This phase features the newly named Riviera and Laguna towers - names inspired by their scenic, lakefront views.

The sales event witnessed a remarkable turnout, reflecting the high demand for residential units, particularly as the project approaches the handover of its first phase in the near future.

Modon Announces Sales Launch for the Penultimate Phase of the Buruj Project

BAGHDAD - JANUARY 2024

Following the complete sell-out of the initial phases of the Buruj Residential Project, Modon is pleased to announce the launch of sales for the penultimate phase, featuring the newly introduced Riviera and Laguna towers. These towers offer scenic views of the surrounding lakes, adding a unique charm to the development.

The official sales event will take place on Saturday, January 20, 2024, at the Modon Square Sales Center in Baghdad.

Modon Participates in the 47th Baghdad International Fair

BAGHDAD - JANUARY 2024

As part of Al-Handal International Group, Modon Real Estate Development took part in the 47th Baghdad International Fair under the theme “Iraq Communicates.” The company showcased its flagship projects and reaffirmed its commitment to delivering innovative real estate solutions that contribute to Iraq’s urban development and prosperity.

Executive Director of Modon Real Estate Featured on Arab Personalities Directory

December 2023

#Who_Are_They - A Guide to Arab Personalities highlights Hardan Nouri Al-Handal, Executive Director of Modon Real Estate Development, as a leading entrepreneur with a broad professional portfolio spanning real estate development, commercial venture capital, and real estate investment.

Explore more about his professional journey and accomplishments through the following links:

Buruj and La Vida Win Prestigious Arabian Property Awards 2023

September - 2023

Modon Real Estate Development is proud to be the first Iraqi company to win multiple international awards for its pioneering projects in Baghdad. The Buruj and La Vida projects were honored with the Arabian Property Awards 2023, among the most prestigious global accolades in the real estate sector.

In addition, Modon received the Best Futuristic Design Award from the Middle East Design Awards, recognizing its innovative approach to real estate development. These honors reflect Modon’s commitment to transforming Iraq’s urban landscape through iconic projects such as Future City, La Vida, and Buruj, all of which aim to strengthen the economic movement and elevate Baghdad’s architectural and cultural identity.

Arrival of Ready-Mix Concrete Plant for Baghdad’s Largest Urban Project

Baghdad - Augusts 2023

Modon Real Estate Development proudly announces the arrival of the ready-mixed concrete plant at the Future City project - one of the company’s flagship developments in the capital. The state-of-the-art Quick Master compact concrete plant, with a production capacity of 135 m³/hour, was supplied by leading Turkish manufacturer Elkon.

This plant will serve as the core infrastructure supporting the construction of Future City, the largest planned community project in Baghdad, and a major milestone in Modon’s mission to build sustainable urban developments in Iraq.

Construction Begins on Future City Project

Baghdad - June 2023

Modon Real Estate Development proudly announces the official commencement of works on the Future City project - one of the capital’s most ambitious urban developments. Initial work has begun on constructing the main access road linking the project to the international highway, as well as the perimeter fencing of the site.

Future City is a flagship project by Modon, part of Al-Handal International Group, and is set to become a prominent urban landmark in Baghdad. We look forward to the successful development of this transformative city, which reflects our vision for modern, integrated living in Iraq.

Launch of the Modon Smart App

June, 2023

Modon Real Estate Development Company has officially launched its smart mobile application, marking a new milestone in digital transformation and customer service. The app is designed to enhance communication between Modon and its clients, offering a range of services for residents, investors, and prospective buyers.

Through the app, users can easily explore current and upcoming projects, access essential services, and stay connected with Modon’s latest updates - all in one place.

Inauguration of Hajja Hadia Mosque in the Bayti Residential Complex

June, 2023

We are pleased to announce the inauguration of the Hajja Hadia Mosque within the Bayti residential complex in Tikrit, Salah al-Din Governorate. The first prayer held at the mosque was the blessed Eid al-Adha prayer, marking a significant moment for both the community and the development.

We extend our heartfelt gratitude for this achievement and pray for continued prosperity and success for the Bayti community. May Allah accept our good deeds, and we wish everyone a blessed and joyful year ahead.

Signing of Contract for Mechanical and Electrical Works for Third Phase Buildings

Baghdad - June, 2023

Over the years, Modon Real Estate Development has successfully established a distinguished track record in building and architecture. Today, we celebrate a significant milestone in our journey as we embark on the next phase of our work, with a clear vision and actionable plan to continue enhancing our position among the leading companies in residential complex development.

In a ceremony held on Wednesday evening, June 14, 2023, Modon Real Estate Development Company, in partnership with Loft Design, Engineering Consultancy, and General Contracting, signed a contract for the mechanical and electrical works of the third-phase buildings. The contract was signed in the presence of Eng. Omar Munther Al-Handal, Executive Director of Loft Company, and Mr. Fares Al-Balbeisi, Director of Business Development at Modon.

We express our sincere gratitude to Modon Real Estate Development Company, its CEO Mr. Hardan Al-Handal, and all the engineering and administrative teams whose dedicated efforts have contributed to making this collaboration a success. We look forward to continuing this sustainable partnership to build a brighter future.

MODON Embraces the Latest Technologies in Human Resources

Baghdad - June, 2023

Since its establishment, MODON Real Estate Development Company has consistently sought to stay at the forefront of innovation in design, operations, material selection, and technological advancements. To further enhance efficiency, MODON has recently implemented the HR Works electronic human resources system, which digitizes all employee-related tasks.

This system enables seamless management of employee attendance, leave requests, salary processing, and other HR functions, all accessible through mobile phones and computers. Additionally, it generates various reports, transforming manual processes into an efficient, electronic workflow.

MODON continues to lead by example, embracing cutting-edge technology to improve both internal operations and external service delivery.

Head of the Baghdad Investment Commission Visits the Buruj Housing Project

Baghdad - May 26, 2023

In an unexpected visit to the Buruj residential project, the head of the Baghdad Investment Commission, Engineer Hassan Ali Hassan, toured the site to inspect the ongoing progress and development phases of the project.

The Buruj residential project, a pioneering development in the heart of Baghdad, spans an area of 290,727 square meters. It consists of 31 residential towers, designed with a vertical layout. Construction work is progressing smoothly across all stages, with continuous efforts to deliver a high-quality living experience for future residents.

Modon Participates in the Second Iraq Real Estate & Investment Exhibition

Baghdad - May 2023

Modon Real Estate Development Company participated in the 2nd Iraq Real Estate & Investment Exhibition, held from May 1st to 4th, 2023, in Baghdad. The exhibition served as a platform to showcase the diverse approach to real estate development among participating companies.

Modon’s booth was distinguished by its presentation of current projects, including Madinaty in Kirkuk, Bayti in Tikrit, Buruj, La Vida, and Future City in Baghdad. The company’s participation received a tremendous turnout, with significant engagement from visitors.

Notably, several prominent figures attended, including the Chairman of the Baghdad Investment Commission, Mr. Hassan Jamil Hassan, and His Royal Highness Prince Abdulaziz bin Faisal bin Abdul-Majeed. They were warmly welcomed by Mr. Wadea Al-Handal, Chairman of Al-Handal International Group, and Mr. Hardan Al-Handal, Executive Director of Modon.

Buruj Hotel Wins "Design 2022" Award for Best Futuristic Design in the Middle East

Dubai - October 2022

Modon Real Estate Development Company, in collaboration with DLR Consulting, proudly received the Design 2022 award for Best Futuristic Design in the Middle East for the Buruj Hotel. This prestigious recognition underscores Modon's commitment to innovation and creativity in real estate design, advancing new concepts that lead the sector.

The award was presented in a celebratory ceremony attended by prominent figures from real estate development and architectural design. Mr. Hardan Al-Handal, CEO of Modon, accepted the award and emphasized the company’s dedication to continuous development and groundbreaking design.

The Buruj Hotel stands as a striking landmark at the entrance of the Buruj residential complex in Baghdad, just minutes away from Baghdad International Airport. With 20 floors and an international commercial annex, the hotel adds a touch of luxury and brilliance to the capital's distinctive residential offerings.