Tara Park Phase 1
Off-Plan

Tara Park Phase 1

From AED 2.67M·Handover Dec 2029·5% down payment Payment
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AED 2.67M
Starting Price
Dec 2029
Handover
5% down payment
Payment Plan
2 BR · 3 BR
Type

Project Overview

Tara Park Phase 1 is a prestigious residential complex in the heart of Reem Island, featuring contemporary architecture designed for comfortable urban living. The complex consists of two residential towers connected by a common podium and configured with a ground floor, podium, and eighteen residential floors. The project offers a collection of 340 residences, featuring one-, two-, and three-bedroom apartments. The apartments are designed with an emphasis on natural light, functionality, and comfort, with views of landscaped green gardens. The complex features swimming pools, a fitness center, a yoga studio, a padel court, a multi-purpose sports field, a children's playroom, a shaded garden lounge, a coworking and study area, open workspaces, an art studio, a community kitchen, an indoor retail courtyard, an early childhood education center, and on-site security. Tara Park Phase 1's location provides convenient access to key points: Downtown Abu Dhabi, ADGM, and The Galleria Mall are 5 minutes away; Louvre Abu Dhabi is 15 minutes away; Disneyland Abu Dhabi is 23 minutes away; Zayed International Airport is 25 minutes away; and Downtown Dubai is 90 minutes away. Sorbonne University, Repton School, and Cleveland Clinic Abu Dhabi are also nearby.

Project Specifications
DeveloperModon
LocationReem Island
Unit Types2 BR, 3 BR, Apartments
AreaReem Island
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 115,340 / year
Cash-on-Cash
2.2%
Levered cashflow AED 27,131
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 173,745 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Tara Park Phase 1 launch basis2,970AED 2.67MCurrent launch / asking basis
Reem Island ready-stock comps1,500AED 1.35MIndicative resale benchmark
Reem Island premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Tara Park Phase 1 official render 1

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Tara Park Phase 1 official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Modon.

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Payment Structure

5% down payment

Flexible Payment

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Amenities & Lifestyle

Arbour
BBQ
Children’s pool
Community Lawn
Covered gym
Coworking zone
Dining outlets (coffee houses & restaurants)
Fountain
Jogging tracks
Kids Club
Kids Play Area
Landscape Open Areas
Landscaped garden
Lavish Sundeck
Lift
Lobby
Multipurpose Sports Courts
Owners Lounge
Paddle court
Park Access
Pool Deck
Recreational areas
Resting Areas
Retail outlets
Security and CCTV
Shared Pool
Sitting Area
Smart home
Social zone
Walking paths
Yoga studio

Location

Reem Island

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Reem IslandReem IslandDubai, UAE

Developer Track Record

01

Tara Park Phase 1 by Modon

02

Located in Reem Island

03

Starting from AED 2,673,000

04

Unit mix includes 2 BR, 3 BR, Apartments

05

Expected handover: Dec 2029

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Get Qualified for Tara Park Phase 1

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