Modon Holding, the Abu Dhabi-based Emirati holding company, has taken a bold step in its international expansion strategy by acquiring 100% of La Zagaleta, the most exclusive residential development on the Costa del Sol in Málaga in southern Spain. This transaction marks a significant milestone in the group’s penetration of the European luxury real estate market, solidifying its position as a key player in the global high-end real estate sector.
La Zagaleta, a private residential estate nestled in the hills of Benahavís, Marbella, offers a combination of unparalleled luxury, privacy, and natural beauty. Spanning 2.7 million square meters, the development features over 250 luxury villas, two private golf courses, exclusive clubhouses, equestrian facilities, and world-class amenities. With property prices often exceeding €30 million, La Zagaleta is considered one of the most luxurious real estate assets in Europe.
The acquisition includes not only the existing residential complex but also significant future development potential. Modon Holding will oversee the completion of ongoing projects within La Zagaleta, preserving its legacy of exclusivity while enhancing its offerings. Additionally, the company will advance the Majarambuz project (formerly known as Valderrama II) located adjacent to Sotogrande. This highly anticipated development encompasses 2.2 million square meters of land, including protected green spaces, and is set to feature a Tom Doak-designed golf course and a limited number of 300 high-net-worth residences.
The transaction aligns with Modon Holding’s vision of diversifying its investment in the European luxury market and establishing itself as a leader in developing exclusive real estate projects. Supported by ADQ (Abu Dhabi Developmental Holding Company) and IHC (International Holding Company), Modon Holding has built a strong track record of creating luxury residential, hospitality, and sports complexes in the Gulf region, with flagship projects in the UAE, Morocco, and Egypt.
Modon Holding Chairman H.E. Jassem Mohammed Bu Ataba Al Zaabi highlighted that this acquisition represents a “significant milestone” in the company’s international strategy. Meanwhile, the company’s CEO, Bill O’Reagan, emphasized that expanding the Zagaleta brand globally will be “key” to the group’s future growth, opening up new opportunities in Europe and beyond.
The acquisition underscores the growing interest of Middle Eastern investors in the European luxury real estate market. It reflects the increasing trend of sovereign funds and major UAE business groups seeking premium real estate assets as part of their international diversification strategy.
For international investors, this transaction highlights the opportunity to capitalize on value in established European markets such as the Costa del Sol, which remains one of the most coveted destinations for the ultra-wealthy.
With this acquisition, Modon Holding positions itself as a key player in redefining luxury real estate in Europe by combining exclusivity, sustainability, and long-term vision. This transaction marks the beginning of a new era for La Zagaleta and for Modon Holding’s presence in the global high-end real estate market.
