Abu dhabi: AD Ports Group has entered into 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 AD Ports Group’s 16 square-kilometre Town Centre Area, is strategically located along the Dubai-Abu Dhabi highway.
According to Emirates News Agency, the agreement, valued at AED2.47 billion, involves the development of a large-scale, fully integrated community over the next decade. Construction is set to begin within 12 months, with completion expected by September 29, 2025. This project underscores a strong commitment to the timeline and emphasizes its significance as a cornerstone for sustainable development and urban transformation.
The agreement represents a significant milestone in AD Ports Group’s growth, reinforcing its status as a diversified, future-focused company. It highlights the group’s ability to attract strategic investments to the Emirate. The transaction will strengthen the Group’s financial position, unlocking new value from its land portfolio and enabling capital redeployment into infrastructure, logistics, and trade facilitation projects.
Captain Mohamed Juma Al Shamsi, Managing Director and Group CEO of AD Ports Group, stated, “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.”
The project will enhance Abu Dhabi’s real estate landscape, introducing a premier community with residential, commercial, and leisure facilities. It will feature one of the region’s largest shopping malls, a business complex, hotels, world-class golf courses, and educational institutions. The development reflects the demand for high-quality developments in the capital and underscores international developers’ confidence in the Emirate’s economic vision.
Timur Mamaikhanov, Co-Founder and CEO of Mira Developments LLC, expressed, “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.”
This partnership will establish a vibrant residential and lifestyle hub in Abu Dhabi, transforming Al Mamoura into a destination where business and community life can thrive together.