The milestone reflects strong investor confidence and continued sustained demand in the market.
Modon Properties has announced the sell-out of Tara Park, a residential development on Al Reem Island, with total sales reaching approximately Dh2 billion. The milestone highlights strong investor confidence and sustained demand, reinforcing the emirate’s position as a global safe-haven investment destination.
Tara Park comprises six residential towers with 834 apartments, offering one-, two-, and three-bedroom layouts. The development is connected to Reem Mall, with the towers linked through an active podium that provides residents access to a wide range of lifestyle amenities.
Bill O’Regan, Group CEO of Modon Properties, said: “Tara Park further validates Modon’s disciplined, market-driven approach, linking a prime location with thoughtful placemaking to support sustainable urban growth and long-term value. We continue to see strong demand across the market, reflecting the confidence that local and international buyers place in Abu Dhabi, particularly in projects where a clear focus on quality of life enhances future investment potential.”
Ibrahim Al Maghribi, CEO of Modon Properties, said: “The sell-out of Tara Park sends a clear signal. Buyers are not hesitating; they are making considered, long-term decisions. Tara Park was designed with clear buyer priorities and needs in mind, and the market response has fully validated that approach.”
Connected to Reem Mall, Tara Park offers convenient access to Sorbonne University Abu Dhabi, Repton School Abu Dhabi, and Fay Park, as well as proximity to Abu Dhabi’s international financial centre, Abu Dhabi Global Market, The Galleria Mall, and the wider city.
The development comprises 834 residences across six towers with an active podium on Al Reem Island. The project received strong interest, signalling clear investor confidence in Abu Dhabi’s residential market.
