Modon has announced the sell-out of residential development Tara Park, on Reem Island, with the project achieving nearly AED 2bn in sales.
The milestone is reflective of strong investor confidence and sustained demand, underlining the emirate’s growing position as a global safe-haven investment destination.
“The sell-out Tara Park sends a clear signal. Buyers are not hesitating. Buyers are making considered, long-term decisions. Tara Park was designed with clear buyer priorities and needs in mind, and the market response has validated that approach entirely.”
Ibrahim Al Maghribi, CEO, Modon Real Estate
Modon’s Tara Park comprises of six residential towers with 834 apartments across one-, two-, and three-bedroom layouts. It is connected to Reem Mall, and the towers are interlinked by an active podium that connects residents to a wide range of amenities.
“Tara Park further validates Modon’s disciplined, market-driven approach, connecting a prime location and thoughtful placemaking to generate sustainable urban growth and long-term value.
“We continue to see strong demand across the market, which speaks to the confidence that local and international buyers continue to place in Abu Dhabi, particularly for projects where clear attention to quality of life supports future investment potential.”
Bill O’Regan, Group CEO, Modon Holding
Tara Park offers easy access to Fay Park, Sorbonne University Abu Dhabi and Repton School. It also has proximity to Abu Dhabi’s international financial hub, Abu Dhabi Global Market (ADGM), The Galleria Mall, and the wider city.
