AD Ports Group has signed a landmark Dh2.47 billion land sale agreement with Mira Developments, paving the way for one of Abu Dhabi’s largest mixed-use communities to date. The new project will transform Al Mamoura into a world-class destination integrating residential, commercial, and leisure facilities.
Strategic Location and Development Scope
The development site sits within AD Ports’ 16-square-kilometre Town Centre area, a key land asset strategically positioned along the Dubai–Abu Dhabi highway. Construction is expected to begin within 12 months of the effective date — September 29, 2025 — with full completion targeted within 10 years.
According to AD Ports, the community masterplan envisions:
- Premium residential neighborhoods
- A major shopping mall and business district
- Five-star hotels and luxury leisure facilities
- Golf courses and landscaped parks
- Educational institutions including schools and universities
Strengthening Abu Dhabi’s Real Estate Ecosystem
This transaction represents one of the largest land deals in recent years across the emirate and underscores strong investor confidence in Abu Dhabi’s thriving real-estate market.
The agreement also marks a major step in AD Ports Group’s strategy to unlock value from its extensive land portfolio. The proceeds will support debt reduction and reinvestment into new growth projects across logistics, infrastructure, and trade.
Leadership Comments
Captain Mohamed Juma Al Shamsi, Managing Director and Group CEO of AD Ports Group, stated:
“This landmark agreement with Mira Developments reflects our commitment to advancing the development of our land portfolio and attracting high-quality investment. It will also generate a sustainable new source of income that strengthens our financial position.”
Timur Mamikhanov, Founder and CEO of Mira Developments, added:
“Al Mamoura offers one of the most promising urban locations in Abu Dhabi. Our vision is to create a flagship community that defines a new benchmark for quality and lifestyle in the capital.”
Economic and Urban Impact
The mixed-use project will serve as a vibrant lifestyle and business hub, complementing Abu Dhabi’s wider urban-development goals under Economic Vision 2030. It aims to attract residents, investors, and global companies alike, reinforcing the emirate’s position as a regional center for commerce, culture, and innovation.
