AD Ports Group 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 meters of freehold land and is valued at around $228 million (AED 840 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 AD Ports Group and Danube Properties agreement supports AD Ports Group’s land monetization strategy and the phased acceleration of the Town Centre development, which spans a total area of approximately 16 square kilometers.
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 percent downpayment, and will support the Group’s efforts to continue to deleverage its Balance Sheet, enhancing its liquidity position and financial flexibility.
Captain Mohamed Juma Al Shamisi MD and CEO AD Ports Group
“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.”
Al Shamisi further noted that, “By accelerating land monetization 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.”
According to the statement, the agreement further demonstrates the sustained value appreciation of KEZAD Town Centre land, underpinned by strong market demand.
Rizwan Sajan, Founder and Chairman, Danube Group, said that, “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,” Sajan added.
