Location takeaway
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AD Ports Group has signed a landmark AED2.47 billion ($670 million) land sale agreement with Mira Developments to create one of Abu Dhabi’s largest mixed-use communities in Al Mamoura. The project will integrate residential, commercial, and leisure facilities, including one of the region’s largest shopping malls, hotels, business complexes, universities, and world-class golf courses.
Key Highlights of the Al Mamoura Project:
- Strategic Land Sale:
- Part of AD Ports Group’s 16 sq.km Town Centre Area.
- Located along the Dubai-Abu Dhabi highway for excellent connectivity.
- One of the largest land sale agreements in Abu Dhabi, valued at $670 million.
- Comprehensive Mixed-Use Community:
- Residential neighbourhoods with integrated commercial and leisure spaces.
- Business complex and hotels for global-standard hospitality.
- World-class golf courses, universities, and schools enhancing lifestyle and learning opportunities.
- Regionally significant shopping mall providing retail and entertainment options.
- Economic & Social Impact:
- Strengthens Abu Dhabi’s economic diversification and investment landscape.
- Creates a high-quality, liveable community delivering long-term value for residents and investors.
- Proceeds support AD Ports Group’s growth, debt reduction, and reinvestment into infrastructure and strategic projects.
- Strategic Partnership:
- Collaboration between AD Ports Group and Mira Developments ensures delivery of world-class standards.
- Vision to create a vibrant, dynamic destination combining lifestyle, business, and community living.
- Future Outlook:
- Construction scheduled to commence within 12 months.
- Project completion planned over the next decade, setting new benchmarks for urban living in Abu Dhabi.
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