AD Ports Group has signed a land sale agreement with Danube Properties. The agreement aims to develop a significant residential and mixed-use project within KEZAD Town Centre, situated within KEZAD Abu Dhabi.
The transaction involves 1m sqm of freehold land, valued at around US $228.7mn. This marks the second land sale completed within the KEZAD Town Centre masterplan, following a transaction with Mira Developments last October.
This agreement aligns with AD Ports Group’s land monetisation strategy and the phased acceleration of the Town Centre development. The Town Centre project spans an area of 16sqkm and its design envisions a well-connected residential and lifestyle destination. This placement is expected to foster long-term growth and ensure the sustainability of the workforce.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group said, “Our land sale agreement with Danube Properties marks another significant milestone in the development of KEZAD Town Centre and underscores the strength of our long-term master planning approach. Achieving a higher land value in this second transaction reflects growing market confidence in the Town Centre vision and its role in creating integrated, liveable communities that support Abu Dhabi’s economic growth, in line with the wise vision of our leadership.”
The proceeds from the transaction will be collected over a 4-year period, with a 10% downpayment. These funds will support AD Ports Group’s ongoing efforts to reduce its balance sheet, thereby enhancing its liquidity position and financial flexibility.
“By accelerating land monetisation and attracting established developers with strong delivery track records, we are unlocking hidden value from our landbank in Abu Dhabi, while ensuring that development remains fully aligned with infrastructure readiness, planning standards, and the evolving needs of our communities,” he said.
Rizwan Sajan, Founder and Chairman, Danube Group noted, “We are proud to partner with AD Ports Group on this important development within KEZAD Town Centre. The location, scale, and long-term vision of the project align strongly with our commitment to delivering high-quality residential and mixed-use communities. This agreement provides a solid foundation for a development that will meet market demand and contribute meaningfully to the growth of this emerging destination.”
The KEZAD Town Centre development is a multi-phase district that integrates residential, commercial, and lifestyle components. It is supported by primary infrastructure, utilities, and connectivity that align with approved masterplans. The project is poised to become a pivotal urban destination, situated adjacent to one of Abu Dhabi’s largest economic and industrial hubs, the statement concluded.
AD Ports Group signs land sale agreement with Danube Properties Middle East Construction News.
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