Leading Abu Dhabi developer Modon has announced the sell-out of Tara Park, a residential development on Reem Island, with the project generating AED2 billion ($544 million) in sales. 

Tara Park comprises six residential towers with 834 apartments across one-, two-, and three-bedroom layouts. Connected to Reem Mall, the towers are interlinked by an active podium that connects residents to a wide range of amenities. 

Connected to Reem Mall, Tara Park also offers easy access to Fay Park, Sorbonne University Abu Dhabi and Repton School, alongside proximity to Abu Dhabi’s international financial hub, Abu Dhabi Global Market (ADGM), The Galleria Mall, and the wider city.

Group CEO Bill O’Regan said: "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," he stated.

Modon said the milestone reflects strong investor confidence and sustained demand, underscoring the emirate's growing position as a global safe-haven investment destination.

Ibrahim Al Maghribi, CEO of Modon Real Estate, said the sell-out of 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," he added.-TradeArabia News Service