What is the payment plan for Tara Park?

Tara Park by Modon is sold on a 5/45/50 plan: 5% on booking, 45% during construction, 50% upon handover, as published by the developer.

How much is the booking amount for Tara Park?

5% of the price. On the cheapest unit at AED 1.64M that is AED 82,000.

How much do I pay before I get the keys to Tara Park?

100% of the price, the payment due on handover day included. On the cheapest unit at AED 1.64M that is AED 1.64M by handover in Q4 2030.

Does Tara Park have a post-handover payment plan?

No. The published plan completes at handover in Q4 2030.

What are the registration fees on Tara Park?

In Abu Dhabi the registration fee is 2% of the contract value, paid when the sale is registered with the Department of Municipalities and Transport. On the cheapest unit at AED 1.64M that is AED 32,800. It is paid to the Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.

When is the handover of Tara Park?

Modon publishes Q4 2030, which is 49 months from now.

Modon · Al Reem Island · handover Q4 2030

Tara Park payment plan, price and handover

Tara Park by Modon in Al Reem Island, Abu Dhabi is sold on a 5/45/50 payment plan. On the cheapest unit, starting from AED 1.64M, that is AED 1.64M (100%) paid by handover in Q4 2030. Handover is 49 months away.

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Privacy and terms

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The Tara Park payment plan in dirhams

Payment plan as published by the developer

Stage	Share
On booking	5%
During construction	45%
Upon Handover	50%

On the cheapest unit (1 BR, 877 sqft, AED 1.64M)

On booking	AED 82,000
During construction	AED 738,000
Upon Handover	AED 820,000
Total (100%)	AED 1,640,000
Months to handover	49

Percentages as published by Modon. Dirham figures are those percentages applied to the published starting price of AED 1,640,000. Registration and other fees are not included.

The Tara Park instalment schedule, line by line

Modon publishes 2 payment plans for Tara Park. Each is shown as published, with every instalment and the charges listed alongside it.

Payment Plan

Published by Modon

Stage	Instalment	Share	On AED 1,640,000
On booking5%	ADMfee	2%	AED 32,800
	On booking	5%	AED 82,000
During construction45%	1st Installment	5%	AED 82,000
	2nd Installment	10%	AED 164,000
	3rd Installment to 4th Installment	2 × 5%	AED 82,000 each
	5th Installment	10%	AED 164,000
	6th Installment to 7th Installment	2 × 5%	AED 82,000 each
Upon Handover	as published	50%	AED 820,000
Total of the plan		100%	AED 1,640,000

Lines marked fee (ADM) are charges the developer lists alongside the plan. They are paid on top of the price and are not part of the percentages above.

Instalments and charges as published by Modon; the dirham column applies each percentage to the published starting price of AED 1,640,000. Fixed charges are printed as published. Registration with the Department of Municipalities and Transport is shown separately below.

What each unit size pays at Tara Park

The same plan, applied to the starting price Modon publishes for each size in the building.

Unit	From	On booking (5%)	During construction (45%)	Upon Handover (50%)
1 bedfrom 877 sq ft	AED 1,640,000	AED 82,000	AED 738,000	AED 820,000
2 bedfrom 1,305 sq ft	AED 2,385,000	AED 119,250	AED 1,073,250	AED 1,192,500
3 bedfrom 2,051 sq ft	AED 3,518,000	AED 175,900	AED 1,583,100	AED 1,759,000

Starting price per size as published by Modon; each column is that size’s published starting price multiplied by the stage percentage above.

What it costs to register Tara Park

In Abu Dhabi the registration fee is 2% of the contract value, paid when the sale is registered with the Department of Municipalities and Transport. It is paid to the Department, not to Modon and not to EZRE, and it sits outside the payment plan above. Administration, trustee and any developer charges are separate and are not shown here.

Unit	From	Registration fee 2%
1 bed	AED 1,640,000	AED 32,800
2 bed	AED 2,385,000	AED 47,700
3 bed	AED 3,518,000	AED 70,360

2% applied to each published starting price. The rate is the registration fee the Department of Municipalities and Transport publishes on TAMM and is not a figure from the register.

Everything else on Tara Park

Tara Park payment plan: questions buyers ask

What is the payment plan for Tara Park?: Tara Park by Modon is sold on a 5/45/50 plan: 5% on booking, 45% during construction, 50% upon handover, as published by the developer.
How much is the booking amount for Tara Park?: 5% of the price. On the cheapest unit at AED 1.64M that is AED 82,000.
How much do I pay before I get the keys to Tara Park?: 100% of the price, the payment due on handover day included. On the cheapest unit at AED 1.64M that is AED 1.64M by handover in Q4 2030.
Does Tara Park have a post-handover payment plan?: No. The published plan completes at handover in Q4 2030. If you sell before handover, this is how it works.
What are the registration fees on Tara Park?: In Abu Dhabi the registration fee is 2% of the contract value, paid when the sale is registered with the Department of Municipalities and Transport. On the cheapest unit at AED 1.64M that is AED 32,800. It is paid to the Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.
When is the handover of Tara Park?: Modon publishes Q4 2030, which is 49 months from now.