Tara Park Phase 2
Off-Plan

Tara Park Phase 2

From AED 2.66M·Handover Apr 2030·5% down payment Payment
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AED 2.66M
Starting Price
Apr 2030
Handover
5% down payment
Payment Plan
2 BR · 3 BR
Type

Project Overview

Tara Park Phase 2 – prestigious residential complex in the heart of Reem Island, Abu Dhabi. The complex comprises four buildings: two feature a ground floor, a podium level, and ten residential floors, while the other two include a ground floor, a podium, and eighteen residential floors. The project offers a curated collection of 1-, 2-, and 3-bedroom apartments. Designed in a contemporary architectural style, the development is tailored for comfortable urban living. The apartment layouts are thoughtfully planned to maximize natural light, functionality, and comfort, with expansive windows framing views of beautifully landscaped gardens. Residents benefit from a comprehensive suite of amenities, including a swimming pool, fully equipped fitness center, yoga studio, padel tennis court, multi-purpose sports court, children’s playroom, co-working space, dedicated study areas, open-plan workspaces, a retail courtyard, and an early learning center. Its prime location ensures seamless access to key destinations: Downtown Abu Dhabi, ADGM, and The Galleria Mall are just a 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 approximately 90 minutes away.

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 114,650 / year
Cash-on-Cash
2.2%
Levered cashflow AED 26,969
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 172,705 / 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 2 launch basis2,952AED 2.66MCurrent 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 2 official render 1

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Tara Park Phase 2 official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Modon.

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Payment Structure

5% down payment

Flexible Payment

Contact us for detailed payment schedule and milestones

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Amenities & Lifestyle

Arbour
BBQ
Coworking zone
Dining outlets (coffee houses & restaurants)
Fountain
Indoor Multipurpose Space
Jogging tracks
Kids Club
Landscaped garden
Leisure areas
Lift
Lobby
Lounge
Multipurpose Sports Courts
Open Kids Play Area
Paddle court
Parking
Pool Deck
Recreational areas
Resting Areas
Retail outlets
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Walking paths

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 2 by Modon

02

Located in Reem Island

03

Starting from AED 2,657,000

04

Unit mix includes 2 BR, 3 BR, Apartments

05

Expected handover: Apr 2030

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Get Qualified for Tara Park Phase 2

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