Abu dhabi: 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)

According to BERNAMA News Agency, 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, as stated by Modon in a recent announcement.

Modon Holding Group Chief Executive Officer, Bill O'Regan, emphasized that the project illustrates 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," he noted.

The CEO further remarked on the ongoing robust demand across the market, highlighting the confidence that both local and international buyers have in Abu Dhabi, especially for projects that prioritize quality of life and future investment potential.

Tara Park features six residential towers with 834 apartments ranging from one- to three-bedroom layouts. The towers are interlinked by an active podium that offers residents a variety of amenities. The project is conveniently connected to Reem Mall and provides easy access to Fay Park, Sorbonne University Abu Dhabi, and Repton School. It is also in close proximity to Abu Dhabi's international financial hub, ADGM, The Galleria Mall, and the broader city.