Modon has announced the sell-out of Tara Park, a residential development on Reem Island, with the project generating approximately AED 2bn in sales.
The milestone reflects strong investor confidence and sustained demand, underscoring the emirate’s growing position as a global safe-haven investment destination.
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.
“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,” stated Bill O’Regan, Group CEO, Modon Holding.
“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,” commented Ibrahim Al Maghribi, CEO, Modon Real Estate.
