AD Ports Group Signs AED 840 Million Land Sale With Danube Properties At KEZAD Town Centre

AD Ports Group has entered a land sale agreement with Danube Properties for a large residential and mixed-use development in KEZAD Town Centre, part of KEZAD Abu Dhabi. The transaction involves about one million square metres of freehold land, for approximately AED840 million, and is intended to anchor a new urban hub.

The deal supports AD Ports Group’s land monetisation plans and will speed up phased development of KEZAD Town Centre, which covers around 16 square kilometres. Proceeds are scheduled over four years, with a 10 percent downpayment, helping the Group reduce debt, strengthen liquidity and increase financial flexibility across its portfolio.

The KEZAD Town Centre project is planned as a connected residential and lifestyle destination near KEZAD’s industrial and business clusters. The community is expected to support long-term economic expansion by providing housing and services for workers, while also enhancing liveability for residents in and around this key Abu Dhabi logistics and industrial corridor.

This latest land sale is the second completed under the KEZAD Town Centre masterplan. The first major transaction was signed with Mira Developments in October, setting an early benchmark. The new agreement with Danube Properties indicates continuing investor interest in the district and builds on the earlier commercial momentum.

Key figures from the agreement are summarised below.

The land price achieved in this second transaction highlights ongoing value growth for KEZAD Town Centre plots, supported by strong demand. The structure of the proceeds timetable, combined with the freehold nature of the site, underlines the strategic approach to releasing land while maintaining alignment with infrastructure delivery and planning frameworks.

"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," said Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group.

Al Shamisi noted that the pricing outcome indicates growing trust in the Town Centre concept and its economic role. He added that 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 leadership's vision.

"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," Al Shamisi said.

Rizwan Sajan, Founder and Chairman of Danube Group, said, "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."

Together, AD Ports Group and Danube Properties are positioning KEZAD Town Centre as a core residential and mixed-use node serving nearby industrial zones. The agreement is structured to back balance sheet strength while enabling a planned community that supports workforce needs and broader Abu Dhabi development objectives over the coming years.

With inputs from WAM