- The agreement represents one of Abu Dhabi’s largest registered land sales and paves the way for one of the Emirate’s most ambitious mixed-use developments
- The new project will deliver a flagship community in Al Mamoura, integrating residential, commercial and leisure facilities in a prime strategic location
AD Ports Group (ADX: ADPORTS), a global leader in trade, logistics and industry, has finalised a land sale agreement with Mira Developments LLC to develop one of the largest mixed-use communities in Abu Dhabi’s Al Mamoura district. The land, part of the Group’s 16-square-kilometre Town Centre Area, is strategically situated along the Dubai–Abu Dhabi highway.
Valued at AED 2.47 billion, the landmark agreement outlines plans for a large-scale, fully integrated development over the next decade. Construction is expected to begin within 12 months, with full completion projected within 10 years of the agreement’s effective date, 29 September 2025. The project reflects a clear commitment to delivering on schedule and highlights its pivotal role in driving sustainable urban development in the capital.
This agreement is a key milestone in AD Ports Group’s expansion journey, reinforcing its credentials as a forward-looking, diversified organisation capable of attracting high-profile investment to Abu Dhabi.
Beyond strengthening the Group’s balance sheet, the transaction unlocks value from its extensive land holdings, helping to accelerate the rollout of its master plan and redeploy capital into priority infrastructure, logistics and trade-related projects.
Captain Mohamed Juma Al Shamsi, Managing Director and Group CEO of AD Ports Group, said: “This landmark agreement with Mira Developments reflects the Group’s commitment to advancing the development of its land portfolio and attracting new investment. The significant land sale establishes a new source of income for the Group, with the proceeds strengthening the company’s financial position through debt reduction and reinvestment into growth projects. Together with Mira Developments, we are not merely developing one of Abu Dhabi’s largest mixed-use plots, we are shaping a high-quality, liveable community that supports economic diversification and delivers lasting economic and social value for Abu Dhabi, in line with the vision of our wise leadership.”
The project is set to transform the city’s real estate landscape, creating a world-class mixed-use destination that combines residential, commercial and leisure spaces. Plans include one of the region’s largest shopping centres, a modern business complex, premium hotels, world-class golf courses and leading educational institutions such as universities and schools. It reflects both the growing demand for high-quality urban communities and the confidence that global developers have in Abu Dhabi’s long-term economic prospects.
Timur Mamaikhanov, Co-Founder and CEO of Mira Developments LLC, said: “We are pleased to partner with AD Ports Group on this transformative project. The Al Mamoura site is an exceptional location, and we are committed to developing a landmark mixed-use community that will set new standards for quality and lifestyle in Abu Dhabi. Our vision is to create a vibrant and dynamic destination that combines residential, commercial, and leisure facilities, and this agreement provides the foundation to bring that vision to life. We have full confidence in Abu Dhabi’s thriving real estate market and look forward to a successful collaboration with AD Ports Group.”
This landmark collaboration will redefine community development in the UAE capital, transforming Al Mamoura into a vibrant residential and lifestyle hub where business, leisure and community life come together in a balanced and dynamic environment.
