In a striking demonstration of ambition that echoes the very spirit of progress in the UAE, AD Ports Group has orchestrated a significant land sale agreement valued at a remarkable AED840 million, equating to a resplendent $228.7 million, with the esteemed Danube Properties. This strategic collaboration is set to cultivate an expansive residential and mixed-use haven upon an impressive expanse of approximately one million square metres of freehold land nestled within the flourishing KEZAD Town Centre.
This partnership marks a pivotal chapter in AD Ports Group’s visionary land monetisation strategy, signaling the phased ascent of the Town Centre development—a vast canvas that encompasses nearly 16 square kilometres of pristine opportunity. The ambition here is to conjure a vibrant enclave of residential allure and lifestyle excellence, seamlessly integrated within the bustling proximity of KEZAD’s dynamic industrial and business clusters.
Significantly, this transaction constitutes the second testament to the transformative vision delineated within the KEZAD Town Centre masterplan, following a formidable land sale with Mira Developments that unfolded in the preceding October. With the income from this monumental endeavor poised to flow over the span of four years, commencing with a substantive 10 percent down payment, AD Ports Group is destined to enhance its liquidity while deftly navigating its financial landscape to blossom ever further.
Accelerating the Vision of KEZAD Town Centre
The Managing Director and Group CEO of AD Ports Group, Mohamed Juma Al Shamisi, provided insight into this remarkable venture, stating, “Our land sale agreement with Danube Properties signifies a pivotal milestone within the unfolding narrative of KEZAD Town Centre, underscoring the resilience and foresight embedded within our long-term master planning vision.”
He continued, “The apparent escalation in land value during this second transaction reflects the burgeoning market confidence in our Town Centre vision, a transformative initiative that aspires to create integrated, livable communities, all harmoniously aligned with Abu Dhabi’s economic growth, as envisioned by our noble leadership.”
Furthermore, by expediting the monetisation of land assets and inviting distinguished developers renowned for their exceptional delivery capabilities, AD Ports Group unveils latent potential from its land inventory in Abu Dhabi. This approach ensures that future developments are meticulously aligned with rigorous infrastructure readiness, planning standards, and the evolving desires of our vibrant communities.
Echoing this sentiment, Rizwan Sajan, the Founder and Chairman of the Danube Group, expressed pride in forging this alliance, stating, “We are honored to collaborate with AD Ports Group on this paramount development within KEZAD Town Centre. The location, scale, and visionary scope of this project resonate profoundly with our unwavering commitment to creating high-quality residential and mixed-use communities.”
He underscored the significance of this agreement, noting, “It lays a solid foundation for delivering a development that not only meets but surpasses market demand, contributing meaningfully to the growth of this emerging destination.”
Danube Properties, a cornerstone of the UAE’s private real estate landscape and a subsidiary of the Danube Group, has established itself as a formidable force since its inception by Sajan in 1993, launching an impressive portfolio of 40 projects, with 20 triumphantly completed. The KEZAD Town Centre is artfully envisaged as a multi-phase district, masterfully intertwined with residential, commercial, and lifestyle components, supported by robust infrastructure and connectivity, all meticulously executed in accordance with the approved masterplan.