Eshraq Investments has signed a sale agreement with A9 Downtown Holding Company for a land plot located in Sas Al Nakhl, Abu Dhabi, as part of efforts to realise value from its land holdings.
The plot will be sold for AED300m (USD81.69m), the company disclosed in a filing to the Abu Dhabi Securities Exchange. The transaction will be settled through instalment payments spread over a 24-month period.
Eshraq said the transaction highlights sustained investor and developer demand for prime real estate assets in Abu Dhabi, particularly those situated in key strategic areas.
The company added that proceeds from the sale will be deployed to support future growth initiatives, including the strengthening of its investment portfolio.
