In a significant move for both the real estate and infrastructure sectors, Danube Properties has formalized a land sale agreement valued at AED840 million, equating to $228.7 million, with AD Ports Group. This agreement will facilitate the development of an expansive residential and mixed-use project on roughly one million square meters of freehold land located within the KEZAD Town Centre. The collaboration is poised to redefine the area, positioning it as a vibrant hub at the heart of Abu Dhabi‘s burgeoning industrial landscape.
AD Ports Group is actively pursuing a land monetization strategy that aims to hasten the developmental phases of KEZAD Town Centre, which covers nearly 16 square kilometers. The project is strategically designed to create an integrated residential and lifestyle destination, connecting seamlessly with KEZAD’s industrial and commercial clusters. This ambitious vision is set to foster community living while driving economic growth in the region.
This recent transaction marks the second land sale executed within the KEZAD Town Centre masterplan, following a previous agreement with Mira Developments in October. The proceeds from the deal will be collected over four years, beginning with a 10 percent down payment. These funds will help bolster AD Ports Group’s balance sheet, enhancing liquidity and overall financial flexibility.
KEZAD Town Centre Development Accelerates
Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, stated: “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.” He emphasized that this latest agreement highlights growing market confidence in the Town Centre’s vision and its pivotal role in nurturing integrated communities that align with Abu Dhabi’s economic growth strategies.
Al Shamisi further added, “By accelerating land monetization and attracting established developers with strong delivery track records, we are unlocking hidden value from our land bank in Abu Dhabi while ensuring that development remains fully aligned with infrastructure readiness, planning standards, and the evolving needs of our communities.”
Rizwan Sajan, Founder and Chairman of Danube Group, expressed enthusiasm about the partnership, saying: “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.”
Sajan highlighted that this agreement provides a robust foundation for a development that is poised to meet market demand and significantly contribute to the growth of this emerging destination.
Danube Properties, a subsidiary of Danube Group, stands as one of the UAE’s premier private real estate developers. Established by Sajan in 1993, the company boasts a portfolio of 40 launched projects, with 20 successfully delivered. The KEZAD Town Centre aims to become a multi-phase district integrating residential, commercial, and lifestyle components, supported by essential infrastructure and utilities, all in line with the approved masterplan.