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Afkar Financial Property Investments, part of Emirates Stallions Group, has signed a AED540 million Musataha agreement with Spox Investments to develop 16 strategically located plots across Abu Dhabi while retaining full land ownership.
Key Highlights:
- Afkar enters a 33-year Musataha agreement valued at AED540 million ($147m)
- Agreement covers 16 prime land plots across key Abu Dhabi growth corridors
- Locations include Shahama, Shamkha, Mohammed Bin Zayed City, and Shakhbout City
- Afkar retains full ownership while granting long-term development rights
- Projects aim to deliver high-quality, community-focused developments
- Agreement supports sustainable income generation and responsible asset utilisation
- Transaction aligns with Emirates Stallions Group’s long-term growth strategy
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