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AD Ports & Mira deal for Abu Dhabi mega project

AD Ports Group has signed a land sale agreement worth Dh2.47 billion with Mira Developments, paving the way for one of Abu Dhabi’s largest mixed-use projects. The development aims to create a vibrant urban destination in Al Mamoura, combining residential, commercial, and leisure components in a strategically positioned area along the Dubai–Abu Dhabi highway.

Strategic location and development timeline

The site is located within AD Ports’ 16-square-kilometre Town Centre area, an emerging district envisioned as a central hub for business, retail, and community life.
Construction is scheduled to begin within 12 months, with full completion expected 10 years after the effective agreement date of September 29, 2025.

Economic and investment significance

“This landmark agreement with Mira Developments reflects the Group’s commitment to advancing the development of its land portfolio and attracting new investment," said Captain Mohamed Juma Al Shamsi, Managing Director and Group CEO of AD Ports Group.
He added that the land sale would serve as a new income stream for the company, allowing it to strengthen its financial position by reducing debt and reinvesting in further growth projects.

Features of the mega project

Once complete, the Al Mamoura development will include a major shopping mall, business complexes, hotels, golf courses, and educational institutions ranging from schools to universities.
The project is designed to cater to both residents and visitors, enhancing Abu Dhabi’s appeal as a lifestyle and business destination.

Boosting confidence in Abu Dhabi’s property market

The transaction ranks among the largest land deals in Abu Dhabi in recent years, reinforcing investor confidence in the emirate’s real estate and development sectors.
It also reflects AD Ports’ long-term vision of diversifying its portfolio beyond port operations to include real estate and community infrastructure development.

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