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Danube Properties has signed a land sale agreement worth $228.7 million with AD Ports Group to develop a large-scale residential and mixed-use project within KEZAD Town Centre, supporting Abu Dhabi’s vision for integrated, future-ready communities.
Key Highlights:
- Land sale agreement valued at AED840 million ($228.7 million)
- Covers approximately 1 million sqm of freehold land
- Project located within the 16 sq km KEZAD Town Centre masterplan
- Development planned as a major residential and mixed-use destination
- Second land sale completed under the KEZAD Town Centre development
- Proceeds to be collected over four years with a 10% down payment
- Transaction supports land monetisation and financial flexibility for AD Ports Group
- Development to serve residents working in nearby industrial and business clusters
- Partnership brings together strong master planning and proven delivery expertise
- KEZAD Town Centre positioned as a vibrant, integrated lifestyle district
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