National Cities Real Estate Company (K.S.C.C) - Modon Real Estate - Kuwait
Focused Real Estate Investments Since 2007
Principles
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Focus
We Focus our Investments and operations in Kuwait’s Commercial, Investment and Industrial real estate sectors.
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Develop
We develop real estate properties that are either custom fit to tenants or with a wide focus on multiple tenants
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Invest & Manage
We actively seek to acquire properties with value add possibilities and manage them to maximize their returns.
Properties
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Mall 30
Mall 30 is a large Scale development project in the coastal area specifically in Abu Alhasani. The project is developed around the unique Kuwaiti concept of warm, extroverted cultural & social gatherings. Modon RE developed and currently manages the property on behalf of its owners.
Developed June 2017
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Ardiya Warehouses - Plot 278
A corner plot property with three floor warehouse and office. The warehouse has a built up area of 4,000m2 approximately on a plot of 2,000 m2
Acquired November 2017
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Ardiya Warehouses - Plot 217
A Two floor warehouse and office property with a built up area of 1,500m2 on a plot of 1,000 m2
Acquired April 2014
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West Abu Fatira - Building 9
A corner plot commercial property built on Three floors with total built area of 2,400 m2 on a plot of 1,000 m2. The Property has multiple tenants and is currently being renovated.
Acquired December 2019
Sold December 2023
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Ardiya Warehouses - Plot 131
Our latest investment, a vacant plot in Ardiya with an area of 1,275 m2. It will be custom built for an existing credit tenant during 2022.
Acquired April 2022
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Kuwait Free zone - plot A53
A recent acquisition, modon bought this plot located in the Free zone with an area of 1,055m2. It will be custom built for an existing credit tenant during 2022.
Acquired January 2023
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Kuwait Free zone - plot D19 & D21
This plot has an prime location in the Free zone with direct access to two main roads. The plot has a total area of 2,770m2
Acquired October 2022
Investments
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Souk Salmiya
Modon holds a 7.21% share of Souk Salmiah Real Estate Co which owns Souk Salmiya Mall among other successful projects .
Acquired May 2010
Sold August 2023
Contact us.
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National Cities Real Estate Co. (K.S.C.C.)
1st floor, The Cube Mall
Salem Al-Mubarak St.
Kuwait
Commercial Registration (326010)
Paid up Capital (6,500,000 KWD)
Info @ modon.com.kw
+965 22064111 Ext 222
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If you are interested in renting in any of our properties please contact us on the following
info @ modon.com.kw
+965 97248910