"Cities" Sells all units "Tara Park" On Al Reem Island, worth two billion dirhams
Abu Dhabi, April 29 / WAM / Mudon Holding Company announced the sale of all residential units in the “Tara Park” project on Reem Island, with a total value of two billion dirhams, which reflects investor confidence and the continued strong demand in the real estate market, and strengthens the position of the Emirate of Abu Dhabi as a safe investment destination on a global level, in light of the exceptional achievements that the real estate sector continues to achieve.
The project consists of six residential towers containing 834 apartments in various designs, while the podium attached to the towers provides direct access to a variety of facilities and services.
The project is located in a vital location near two main bridges leading to Reem Island, with easy access to Reem Mall.
Bill O’Regan, CEO of Modon Holding Group, stressed that the “Tara Park” project embodies “Modon’s” approach based on understanding the needs of the market, by combining a distinctive location with thoughtful urban planning, which supports sustainable urban growth and achieves long-term value.
He added that demand in the market remains strong, which reflects the confidence of local and international investors in the Emirate of Abu Dhabi, especially in projects that focus on quality of life as a key factor in enhancing investment opportunities in the future.
For his part, Ibrahim Al-Mughrabi, CEO of Modon Real Estate Company, said that the sale of 834 residential units in the “Tara Park” project, strategically located on Al Reem Island, represents a clear indication of investors’ direction towards thoughtful, long-term investment decisions, and the remarkable turnout for the project also reflects the success of the company’s vision in meeting the aspirations of the market.
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