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Apartment of 166.1 m2 on Al Reem Island | Tara Park, Abu Dhabi | $833,510
Spacious apartment of 166.1 m2 in the new residential project Tara Park on Al Reem Island in Abu Dhabi. The property is located on the 1st floor of an 18-storey building.
The project from developer Modon consists of two architectural towers and includes a limited collection of 340 residences. The concept combines the dynamics of the city with a green living environment, plenty of natural light and views of landscaped interior spaces. The deadline is the second quarter of 2030.
Characteristics of apartment
On page 8 is the interior with panoramic glazing, living room and access to the balcony. Pages 13–16 reveal the concept of the interior: pools, green spaces, running routes and recreation areas.
Infrastructure for life
One of the strong arguments of the project is the infrastructure designed not only for recreation, but also for a full family life.
Al Reem Island
Location is one of the main reasons to view this object. In the presentation, Al Reem Island is described as a free economic zone with high demand and transaction volume, where ADGM employees, top managers and expats live. The area already has waterfronts, offices, schools, Sorbonne University, restaurants, shopping centers and clinics.
According to the project:
5 minutes - Downtown Abu Dhabi, ADGM, The Galleria Mall
15 minutes - Louvre Abu Dhabi
23 minutes - Disneyland Abu Dhabi
25 minutes - Zayed International Airport
90 minutes - Downtown Dubai.
Also nearby are Sorbonne University, Repton School and Cleveland Clinic Abu Dhabi.
Investment potential
The project materials indicate the planned ROI from the lease of 7-10% depending on the strategy. This is a project forecast, not a guaranteed return on a particular apartment.
The cost is $833,510.
There is a 50/50 payment scheme, the initial payment is from 5%. The presentation indicates 50% to the keys and 50% in December 2029. At the same time, the deadline is designated as Q2 2030, so I would confirm the exact schedule of the final payment with the developer before the transaction.
I accompany the transaction from the choice of a specific lot to the registration: comparison of options, calculation of the purchase strategy, communication with the developer and verification of documents.
