Abu Dhabi, UAE – Abu Dhabi Ports Group signed an agreement with Danube Properties to sell land for the development of a residential and mixed-use project within Kizad Town Centre, a strategic location within Kizad’s land portfolio in Abu Dhabi.
The deal includes the sale of about one million square meters of land under freehold ownership, valued at about 840 million dirhams.
This agreement represents the second land sale to be completed under the Keyzad Town Centre master plan, following the first deal concluded with Mira Development last October.
This agreement supports Abu Dhabi Ports Group’s strategy to achieve financial returns from its lands.
In addition to accelerating the development of the Town Center project, which extends over a total area of approximately 16 square kilometers.
The project aims to create an integrated and highly interconnected residential and living destination, close to the industrial and commercial clusters of Kizad.
Which contributes to advancing sustainable development and meeting the needs of the workforce in the long term.
Proceeds from the land sale are expected to be collected over four years, with a 10% down payment.
These revenues will be used to reduce financial burdens in the budget and enhance liquidity and financial flexibility.
The agreement also highlights the steady rise in land values within the Keyzad Town Center project, driven by strong market demand.
