A major new development is set to rise in Abu Dhabi’s Al Mamoura district following the signing of a land sale agreement valued at AED2.47 billion (US$670 million). The land, covering part of a 16-square-kilometre area, lies strategically along the Dubai-Abu Dhabi highway. It will soon transform into one of the capital’s largest mixed-use communities, blending residential, commercial, and leisure spaces. Construction is scheduled to begin within the next 12 months, with completion planned over the next decade.
A Vision for a Modern, Integrated Community
The ambitious project aims to redefine urban living by creating a destination that combines lifestyle, business, and recreation. It will include one of the region’s largest shopping malls, along with a business complex, hotels, golf courses, universities, and schools. Together, these elements will foster a dynamic environment that supports both local residents and visitors.
Captain Mohamed Juma Al Shamsi, Managing Director and Group CEO, said: “This landmark agreement with Mira Developments reflects the Group’s commitment to advancing the development of its land portfolio and attracting new investment. The significant land sale establishes a new source of income for the Group, with the proceeds strengthening the company’s financial position through debt reduction and reinvestment into growth projects.
“Together with Mira Developments, we are not merely developing one of Abu Dhabi’s largest mixed-use plots, we are shaping a high-quality, liveable community that supports economic diversification and delivers lasting economic and social value for Abu Dhabi.”
Strengthening Growth and Future Prospects
The agreement represents a milestone in the Group’s growth journey and demonstrates its ability to attract strategic investments to the Emirate. It also unlocks new value from an extensive land portfolio, enabling reinvestment into high-impact infrastructure, logistics, and trade projects that fuel the wider economy.
Timur Mamaikhanov, Co-Founder and CEO of Mira Developments, stated: “We are pleased to partner with AD Ports Group on this transformative project. The Al Mamoura site is an exceptional location, and we are committed to developing a landmark mixed-use community that will set new standards for quality and lifestyle in Abu Dhabi.
“Our vision is to create a vibrant and dynamic destination that combines residential, commercial, and leisure facilities, and this agreement provides the foundation to bring that vision to life.”
