--- title: "Q Properties" canonical: https://www.uaepropertyagents.com/developers/q-properties markdown: https://www.uaepropertyagents.com/md/developers/q-properties.md type: developer description: "The Abu Dhabi developer that launched the AED 8 billion Reem Hills villa community on Reem Island in 2022, now part of the state-controlled Modon group." last_verified: 2026-11-12 sources: 6 publisher: "UAE Property Agents (Omnia)" language: en-GB usage: "You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting." --- # Q Properties: developer profile > The Abu Dhabi developer that launched the AED 8 billion Reem Hills villa community on Reem Island in 2022, now part of the state-controlled Modon group. Facts last verified 12 November 2026 against the sources listed at the end. ## Key facts | Fact | Value | | --- | --- | | Headquarters | Abu Dhabi | | Ownership | Development brand of the former Q Holding, the Abu Dhabi-listed group that was combined with Modon Properties and ADNEC and has reported as Modon Holding since February 2024 | | Market segment | premium | | Builds in | Abu Dhabi | | Developments covered | 0 | | Reem Hills stated value | AED 8 billion | | Reem Hills launched | 17 March 2022 | ## Overview Q Properties is the name under which Reem Hills was launched and is still widely listed. It was the development subsidiary of Q Holding, an Abu Dhabi-listed investment company that had traded as Al Qudra Holding until it rebranded in March 2022, the same week Reem Hills was announced. The corporate picture has changed since. In August 2023 the Abu Dhabi state investor ADQ and IHC proposed combining ADNEC and their holdings in Modon Properties with Q Holding, and the enlarged group has reported as Modon Holding since its formation in February 2024. During 2025 L'imad Holding, wholly owned by the Abu Dhabi Government, acquired 84.75% of Modon Holding. In practice, a buyer of a Q Properties home today is dealing with the [Modon](https://www.uaepropertyagents.com/developers/modon) group, and should confirm exactly which legal entity appears as developer on the sale agreement and the escrow account. Reem Hills is the project that defines the brand. Launched on 17 March 2022 with a stated value of AED 8 billion, it is a gated community of villas, twin villas and townhouses on Al Reem Island, arranged around a man-made hill with beach access, parks, schools and mosques. At launch, Q Holding's chief executive said it would have among the lowest service charges of comparable projects, a claim worth testing against the actual budget. In February 2023 the developer said a release of 593 homes, from three-bedroom townhouses to seven-bedroom villas, had sold out. We could not find a developer announcement confirming handover dates. Property Finder lists Reem Hills Phase 2 as sold out by the developer, with delivery in June 2027 and a launch payment plan of 10% on booking, 30% during construction and 60% on handover. Treat those as portal figures to be checked against the contract. ## Strengths - Now inside Modon Holding, which is listed in Abu Dhabi and 84.75% owned by a government holding company, so the ultimate counterparty is strong. - Reem Hills offers villas and townhouses with beach access on Al Reem Island, a location better known for apartment towers. - Demand was proven at launch: a 593-home release was reported sold out in February 2023. - The launch plan listed for Phase 2 put only 40% of the price before handover, limiting buyers' exposure during construction. ## Considerations for buyers - The brand has been absorbed into a larger group. Check which entity is named as developer on your contract and escrow account, and who will handle handover, defects and community management. - Reem Hills is the only Q Properties project named in the sources we reviewed, and we found no developer announcement confirming completed handovers. The June 2027 delivery date for Phase 2 comes from a property portal, not from the developer. - With 60% due at handover under the listed plan, buyers need the bulk of the price or a mortgage ready on completion. - The low service charge promised at launch in 2022 was a statement of intent. Ask for the current approved service charge budget. - Developer stock in the listed phases is sold out, so purchases are resales. The price, and any premium over the original, is set by the selling owner. ## Questions and answers ### Is Q Properties the same as Modon? Q Properties was the development arm of Q Holding. Q Holding was combined with Modon Properties and ADNEC, and the group has reported as Modon Holding since February 2024. Reem Hills is still widely listed under the Q Properties name, so check which entity is on your contract. ### When will Reem Hills be handed over? We could not find a developer announcement giving handover dates. Property Finder lists Reem Hills Phase 2 for delivery in June 2027. Confirm the anticipated completion date in the sale and purchase agreement. ### What was the payment plan at Reem Hills? Property Finder lists the Phase 2 launch plan as 10% on booking, 30% during construction and 60% on handover. Developer stock in that phase is shown as sold out, so current purchases are resales on terms agreed with the seller. ## Sources Facts on this page were last checked against these sources on 12 November 2026. - [The National: Reem Hills gated community launched in Abu Dhabi (17 March 2022)](https://www.thenationalnews.com/business/property/2022/03/17/reem-hills-21bn-gated-community-with-man-made-hill-launched-in-abu-dhabi) - [Gulf News: Q Properties launches first phase of Reem Hills (17 March 2022)](https://gulfnews.com/business/property/q-properties-launches-first-phase-of-dh8-billion-reem-hills-project-1.86522886) - [Middle East Construction News: Latest phase of Reem Hills sold out (23 February 2023)](https://meconstructionnews.com/56631/latest-phase-of-reem-hills-sold-out-says-q-properties) - [TRENDS MENA: ADQ and IHC to combine ADNEC and Modon Properties with Q Holding (2 August 2023)](https://trendsmena.com/adq-ihc-capital-to-form-a-new-entity-called-q-holding/) - [Modon: 2025 results announcement (18 February 2026)](https://www.modon.com/media-centre/details/2026/02/18/modon-delivers-outstanding-growth-in-2025-with-aed-3.9-billion-in-net-profit-and-aed-46.0-billion-revenue-backlog) - [Property Finder: Reem Hills Phase 2 by Q Properties](https://www.propertyfinder.ae/en/new-projects/q-properties/reem-hills-phase-2-by-q-properties) --- Source page: https://www.uaepropertyagents.com/developers/q-properties. Published by UAE Property Agents, Omnia Capital Group. You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting.