AD Ports Group inks Dhs2.47bn land sale for mixed-use community

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AD Ports Group has signed a land sale agreement with Mira Developments to develop one of the largest mixed-use communities in the Al Mamoura district of Abu Dhabi.

The land, part of the Group’s 16 square-kilometre Town Centre Area, is strategically situated along the Dubai–Abu Dhabi highway.

Valued at Dhs2.47bn, the agreement covers a fully integrated community set to be constructed over the next decade.

Construction is scheduled to begin within 12 months, with completion expected within 10 years from the agreement’s effective date of September 29, 2025.

Captain Mohamed Juma Al Shamsi, MD 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.

“Together with Mira Developments, we are shaping a high-quality, liveable community that supports economic diversification and delivers lasting economic and social value for Abu Dhabi.”

AD Ports Group-Mira Developments to build a vibrant lifestyle hub

The project will include one of the region’s largest shopping malls, a business complex, hotels, world-class golf courses, and educational institutions including schools and universities, creating a vibrant residential and lifestyle hub in Al Mamoura.

Timur Mamaikhanov, co-founder and CEO of Mira Developments, added: “We are committed to developing a landmark mixed-use community that will set new standards for quality and lifestyle in Abu Dhabi.”

The deal strengthens the group’s financial position and unlocks value from its land portfolio, enabling reinvestment into infrastructure, logistics, and trade facilitation projects.