Abu Dhabi's Modon has sold out its new development on Hudayriyat Island, generating about Dh3 billion ($817 million) within a day of its launch on Tuesday.

The project, Bashayer, is Modon's first waterfront residential community on the island south of central Abu Dhabi.

The gated neighbourhood comprises 157 villas and 330 apartments, a clubhouse with a rooftop infinity pool, a children’s playground, several sports courts and a 3.5km waterfront promenade.

The 3,000-hectare Hudayriya

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