Modon Sells Out Tara Park Project, Nears 2 Bln Emirati Dirham In Sales
KUALA LUMPUR, May 4 (Bernama) -- Modon, an Abu Dhabi-headquartered international holding company, has announced the sell-out of Tara Park on Reem Island, with the project generating nearly two billion Emirati dirham in sales. (100 Emirati dirham = RM107.65)
The development is located close to Abu Dhabi Global Market (ADGM), reflecting strong investor demand and reinforcing the emirate’s position as a global safe-haven investment destination, according to Modon in a statement.
Modon Holding Group Chief Executive Officer, Bill O’Regan said the project demonstrates sustained market confidence.
“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 said.
Tara Park comprises six residential towers with 834 apartments across one-, two-, and three-bedroom layouts that 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, ADGM, The Galleria Mall, and the wider city.
-- BERNAMA