AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, has signed a land sale agreement with Danube Properties for the development of a major residential and mixed-use project within KEZAD Town Centre, a strategically located district forming part of KEZAD Abu Dhabi.
The transaction covers approximately one million square metres of freehold land and is valued at around AED840 million ($228.73 million). It represents the second land sale completed within the KEZAD Town Centre masterplan, following the earlier landmark transaction conducted with Mira Developments last October.
The agreement supports AD Ports Group’s land monetisation strategy and the phased acceleration of the Town Centre development, which spans a total area of approximately 16 sq km. The project is designed to establish a vibrant, well-connected residential and lifestyle destination within close proximity to KEZAD’s industrial and business clusters, supporting long-term growth and workforce sustainability.
The proceeds from the transaction will be collected over a period of four years, with a 10% down payment, and will support the group’s efforts to continue to deleverage its Balance Sheet, enhancing its liquidity position and financial flexibility, said a statement.
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.”
He added: “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.”
Rizwan Sajan, Founder and Chairman, Danube Group, said: “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.”
Danube Properties, a subsidiary of the Danube Group, is one of the UAE’s leading private real estate developers and the pioneer of the region’s groundbreaking 1% payment plan. Established by Rizwan Sajan in 1993, the company has launched 40 projects to date, with 20 successfully delivered and the remainder in advanced stages of construction. - TradeArabia News Service
