AD Ports, Mira Developments Ink $672M Deal for Al Mamoura Project

ABU DHABI, UAE - October 6, 2025: AD Ports Group has signed a landmark land sale agreement with Mira Developments LLC valued at USD 672 million (AED 2.47 billion) to develop one of Abu Dhabi’s largest mixed-use communities in the Al Mamoura district. The land, part of the Group’s 16-square-kilometre Town Centre Area, occupies a prime location along the Dubai–Abu Dhabi highway.

The large-scale, fully integrated community will be developed over the next decade, with construction set to begin within 12 months and full completion expected within 10 years from the agreement’s effective date of September 29, 2025. The project forms a central pillar in AD Ports Group’s strategy to drive sustainable development, attract foreign investment, and transform Abu Dhabi’s urban landscape.

This agreement marks a key milestone in AD Ports Group’s diversification journey, reinforcing its position as a future-focused enabler of trade, logistics, and infrastructure growth. Beyond strengthening the Group’s financial performance, the transaction unlocks new value from its expansive land portfolio, accelerating masterplan implementation and enabling the redeployment of capital into high-impact infrastructure and logistics projects.

Captain Mohamed Juma Al Shamsi, Managing Director and Group CEO of AD Ports Group, 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, in line with the vision of our wise leadership.”

The development will feature residential, commercial, and leisure facilities, positioning Al Mamoura as a vibrant and sustainable lifestyle destination. Plans include one of the region’s largest shopping malls, a business complex, luxury hotels, world-class golf courses, and educational institutions ranging from schools to universities.

This transformative project is expected to significantly boost Abu Dhabi’s real estate sector, responding to the rising demand for premium, integrated communities and reinforcing international confidence in the emirate’s long-term growth trajectory.

Timur Mamaikhanov, Co-Founder and CEO of Mira Developments LLC, said:

"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."

By integrating business, residential, and leisure spaces, the project aims to transform Al Mamoura into a vibrant hub where commerce, community, and culture coexist harmoniously—further enhancing Abu Dhabi’s reputation as a global capital for innovation, investment, and urban excellence.