AD Ports Group Monetises KEZAD Land as Khalifa Port Expansion Accelerates
AED840m Danube Properties deal underpins balance sheet deleveraging and funds port capacity growth to 10.5m teu
AD Ports Group is monetising its Abu Dhabi landbank to fund port expansion, signing an AED840m (US$229m) land sale with Danube Properties at KEZAD Town Centre as Khalifa Port prepares for a capacity push to 10.5m teu.
The transaction covers approximately one million square metres of freehold land for a mixed-use residential development and represents the second land disposal within the 16 sq km KEZAD Town Centre masterplan, following a deal with Mira Developments in October 2025 (Container News). Payment will be collected over four years from a 10% down payment, with proceeds earmarked for balance sheet deleveraging.
The sale reflects growing market appetite for KEZAD’s integrated industrial-port model. The economic zone, adjacent to Khalifa Port, added 5 sq km in new gross land leases during 2023 as major tenants signed long-term agreements: PRAN Foods committed AED110m for a 42,000 sq m food processing facility in January 2023; Al Ghurair Foods followed in April with an AED1bn, 50-year lease for three mega processing projects; and Al Jazeera Steel broke ground in July on an AED250m rolling mill covering 210,000 sq m (AD Ports Group). The cluster also doubled its warehouse capacity over the same period.
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