Tara Park Phase 2 — project image
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
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 114,650 / year
Cash-on-Cash
2.2%
Levered cashflow AED 26,969
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.22M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Modon.

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Payment Structure

5% down payment

Published payment summary

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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

Reem Island

Developer and Project Facts

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

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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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