Modon has released the final phase of Tara Park on Reem Island, extending sales at a time when Abu Dhabi’s residential market is showing strong demand for well-located apartment schemes and flexible payment structures. The newly released inventory completes the project and comes with a 40/60 payment plan that spreads instalments through to handover, positioning the development squarely at both end users and investors seeking exposure to one of the capital’s busiest apartment districts.
The final phase is being marketed as the closing tranche of a broader scheme comprising six residential towers and 834 apartments in one-, two- and three-bedroom formats, according to the project release carried by market outlets on Friday, 17 April. Modon said the final phase sits near two of the main bridges serving Reem Island, giving buyers faster access to Abu Dhabi Global Market, as well as established destinations such as Sorbonne University Abu Dhabi, Repton School and The Galleria. That locational emphasis matters in Abu Dhabi’s current market, where proximity to employment centres, education and retail has become a major differentiator for mid- to upper-tier apartment projects.
The payment structure is central to the sales pitch. Under the plan outlined in the launch material, buyers pay 5 per cent in 2026, then 10 per cent in each of 2027, 2028 and 2029, with the remaining 60 per cent due on completion. On Modon’s own sales page, the company describes Tara Park as a freehold development and says purchases above AED 2 million would typically qualify buyers to apply for the 10-year UAE Golden Visa, a feature that continues to carry weight among overseas investors and expatriate professionals looking for a longer-term base in Abu Dhabi.
Tara Park first entered the market in March, when Modon launched the project as a modern residential community in the heart of Reem Island. At that stage, the developer highlighted a 527-metre jogging track, flexible workspaces and on-site nursery provision as part of a design aimed at families and professionals. Modon’s project page now details a broader amenity mix including swimming pools, a gym, yoga studio, padel court, multi-sports court, shaded garden lounge, communal dining areas, children’s play spaces and co-working zones. The official site also places the project directly opposite Reem Mall and says downtown Abu Dhabi and ADGM are about five minutes away, while Zayed International Airport is roughly 25 minutes by road.
There is, however, some variation in publicly available details around unit count and timing, reflecting the pace at which project marketing materials are evolving. Modon’s current website refers to Tara Park as two residential towers with 494 units and gives estimated handover in early Q2 2030, while Friday’s launch coverage for the final phase describes the wider project as six towers with 834 apartments and a completion profile linked to the staggered payment plan through 2029. That suggests the scheme may have been expanded or re-segmented between phases, though Modon’s latest market-facing release is clear that the final phase is intended to complete the project.
The timing of the release is significant. Abu Dhabi Real Estate Centre said total property transaction value in the emirate reached AED66 billion in the first quarter of 2026, up 160.7 per cent year on year. Reem Island alone accounted for about AED9.45 billion of that activity, making it one of the most active areas in the market after Hudayriyat Island. ADREC also reported rising lease values, strong foreign investment and a widening project pipeline, all of which help explain why developers are accelerating launches in established island locations rather than relying only on emerging districts.
The final phase is being marketed as the closing tranche of a broader scheme comprising six residential towers and 834 apartments in one-, two- and three-bedroom formats, according to the project release carried by market outlets on Friday, 17 April. Modon said the final phase sits near two of the main bridges serving Reem Island, giving buyers faster access to Abu Dhabi Global Market, as well as established destinations such as Sorbonne University Abu Dhabi, Repton School and The Galleria. That locational emphasis matters in Abu Dhabi’s current market, where proximity to employment centres, education and retail has become a major differentiator for mid- to upper-tier apartment projects.
The payment structure is central to the sales pitch. Under the plan outlined in the launch material, buyers pay 5 per cent in 2026, then 10 per cent in each of 2027, 2028 and 2029, with the remaining 60 per cent due on completion. On Modon’s own sales page, the company describes Tara Park as a freehold development and says purchases above AED 2 million would typically qualify buyers to apply for the 10-year UAE Golden Visa, a feature that continues to carry weight among overseas investors and expatriate professionals looking for a longer-term base in Abu Dhabi.
Tara Park first entered the market in March, when Modon launched the project as a modern residential community in the heart of Reem Island. At that stage, the developer highlighted a 527-metre jogging track, flexible workspaces and on-site nursery provision as part of a design aimed at families and professionals. Modon’s project page now details a broader amenity mix including swimming pools, a gym, yoga studio, padel court, multi-sports court, shaded garden lounge, communal dining areas, children’s play spaces and co-working zones. The official site also places the project directly opposite Reem Mall and says downtown Abu Dhabi and ADGM are about five minutes away, while Zayed International Airport is roughly 25 minutes by road.
There is, however, some variation in publicly available details around unit count and timing, reflecting the pace at which project marketing materials are evolving. Modon’s current website refers to Tara Park as two residential towers with 494 units and gives estimated handover in early Q2 2030, while Friday’s launch coverage for the final phase describes the wider project as six towers with 834 apartments and a completion profile linked to the staggered payment plan through 2029. That suggests the scheme may have been expanded or re-segmented between phases, though Modon’s latest market-facing release is clear that the final phase is intended to complete the project.
The timing of the release is significant. Abu Dhabi Real Estate Centre said total property transaction value in the emirate reached AED66 billion in the first quarter of 2026, up 160.7 per cent year on year. Reem Island alone accounted for about AED9.45 billion of that activity, making it one of the most active areas in the market after Hudayriyat Island. ADREC also reported rising lease values, strong foreign investment and a widening project pipeline, all of which help explain why developers are accelerating launches in established island locations rather than relying only on emerging districts.
Topics
Live News