AED 2.47 Billion Deal: AD Ports and Mira Developments Partner on Abu Dhabi Master Community

The leading global trade, logistics, and industrial company, AD Ports Group, has signed a land sale deal with Mira Developments. Under this agreement, the developer is preparing to create a new residential community in Abu Dhabi. 

This AED 2.47 billion ($673 million) highlights how the Abu Dhabi property market continues to attract strong investor interest and steady confidence from major developers.

One of Abu Dhabi’s Largest Mixed-Use Communities Is Taking Shape

AD Ports Group has entered into a land sale agreement with the master developer to establish one of the largest mixed-use communities in Abu Dhabi’s Al Mamoura district.

The project site is located within AD Ports Group’s 16-square-kilometre Town Centre Area in Al Mamoura, along the Dubai - Abu Dhabi highway.
This area is part of a larger master plan that connects key residential and commercial zones, making it a strategic location for future growth.
Construction is expected to begin within the next year, with completion targeted over 10 years.

The newly announced development is planned as a large-scale community. It will feature apartments, villas, and townhouses alongside retail areas, hotels, and schools.

Plans also include one of the region’s largest shopping malls, a business complex, and recreational spaces such as golf courses and landscaped parks.

Strategic Importance of the AED 2.47 Billion Deal

For AD Ports Group, the AED 2.47 billion land sale is part of a broader strategy to optimize and monetize its land portfolio. The proceeds are expected to strengthen the company’s balance sheet by reducing debt and supporting reinvestment into logistics, infrastructure, and trade facilitation projects.

Captain Mohamed Al Shamsi, Managing Director and Group CEO of AD Ports Group, said: 

“The agreement highlights the company’s continued efforts to attract investment and unlock value from its land holdings. The initiative will accelerate the group’s master plan while contributing to Abu Dhabi’s long-term economic diversification goals.”

Mira Developments’ Vision for the New Development

Timur Mamaikhanov, Co-founder and CEO of Mira Developments, expressed optimism about Abu Dhabi’s property sector, emphasizing that the Al Mamoura development will be designed as an integrated community with a strong focus on quality of life. 

Mira Developments estimates that the total project investment could exceed AED 55 billion over the next decade.

Early plans include energy-efficient buildings, pedestrian-friendly streets, and green zones designed to promote community living and environmental sustainability. These features align with Abu Dhabi’s commitment to sustainable urban development.