{"id":108224,"date":"2025-10-07T00:00:00","date_gmt":"2025-10-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mira-developments-to-launch-aed-2-5-bn-mixed-use-project-on-ad-ports-land\/"},"modified":"2025-10-07T00:00:00","modified_gmt":"2025-10-07T00:00:00","slug":"mira-developments-to-launch-aed-2-5-bn-mixed-use-project-on-ad-ports-land","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/10\/07\/mira-developments-to-launch-aed-2-5-bn-mixed-use-project-on-ad-ports-land\/","title":{"rendered":"Mira Developments to launch AED 2.5 bn mixed-use project on AD Ports land"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi ports operator AD Ports Group sold a piece of land for AED 2.5 <\/strong><strong>bn to real estate developer Mira Developments<\/strong> to establish one of the largest multi-use communities in Abu Dhabi\u2019s Al Mamoura district, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/286.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. This comes as AD Ports looks to generate more value from its land portfolio and reinvest the proceeds into other long-term logistics, infrastructure, and trade projects, as well as reduce leverage to strengthen its overall financial position, the statement read.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Mira will build a community development along the Dubai-Abu Dhabi highway, which will include residential, business, educational, commercial, and leisure facilities. Construction is slated to kick off within a year, with completion expected within 10 years of the agreement signing date. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AD Ports has been <\/strong><strong>busy developing its land portfolio both home and away<\/strong>, recently tapping Dubai-based conglomerate MAG Group Holding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/68e4db79-0947-4645-a420-5bd5de2e2727\/%253cmark%253ead-ports%253c%2Fmark%253e-names-mag-group-as-lead-developer-for-marsa-zayed\" style=\"\" rel=\"noopener\">to develop the first phase<\/a> of its Marsa Zayed real estate project in Jordan. It also inked a 50-year usufruct agreement for an industrial and logistics zone <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6e52c19b-f03e-4028-8aac-319a2bee5621\/%253cmark%253ead-ports%253c%2Fmark%253e-signs-50-year-agreement-to-develop-kezad-east-port-said-zone\" style=\"\" rel=\"noopener\">in East Port Said<\/a> as well as another MoU with Egypt\u2019s Transport Ministry to develop an integrated logistics park <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e86ed66b-36b9-4c2d-b67f-9e3fb716326b\/%253cmark%253ead-ports%253c%2Fmark%253e-eyes-alexandria-logistics-hub-project\" style=\"\" rel=\"noopener\">in Alexandria Port<\/a>. Closer to home, it signed an agreement with Azizi Developments for the latter to invest AED 1 bn in developing factories in Kezad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The corridor linking the two emirates is filling up<\/strong>, with AD Ports subsidiary Kezad Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5ea35903-90f6-45a2-9f15-988b7cc9cfc5\/%253cmark%253ead-ports%253c%2Fmark%253e%25e2%2580%2599-kezad-expands-al-ma%25e2%2580%2599mourah-project-with-business-district\" style=\"\" rel=\"noopener\">planning Kezad Business District<\/a>, a 3 sq km mixed-use commercial hub, and Egyptian b\u2019naire Naguib Sawiris\u2019 real estate firm Ora Developers <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e59a7ea7-60a7-473b-9fa0-f09ec97ed6cd\/egyptian-b%25e2%2580%2599naire-naguib-sawiris%25e2%2580%2599-ora-developers-launches-usd-10-bn-project-in-the-uae,-eyes-ipo-in-3-4-years\" style=\"\" rel=\"noopener\">launching its flagship UAE project<\/a>, Bayn, a 4.8 mn sqm coastal community located in Ghantoot between the two cities. Ohana Development is also working on an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f615911c-a950-4f8c-9e43-a8e12646b6cb\/emirates-nbd-dually-lists-usd-500-mn-bond-on-nasdaq-and-euronext-dublin\" style=\"\" rel=\"noopener\">AED 4.7 bn beachfront<\/a> residential project in Al Jurf between the two emirates, slated for completion in 2Q 2028.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction will break ground in the next 12 months, with full handover expected within the next decade<\/p>\n","protected":false},"author":1,"featured_media":108225,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1565],"tags":[21,796,7,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-108224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-ad-ports","tag-ad-ports-group","tag-enterpriseam-uae","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"00f73e0b-9ad6-4abc-9c71-320a26ef1486","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/10\/293.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mira Developments to launch AED 2.5 bn mixed-use project on AD Ports land","related_issue":[108214],"teaser":"Construction will break ground in the next 12 months, with full handover expected within the next decade","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.e3aeaf56-2dc5-458e-82e5-e5d095b981de.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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