ESG Secures 33-Year Musataha Deal for 16 Prime Abu Dhabi Plots

Friday, 2 January 2026

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