AD Ports Group completes sale of warehouses to Mair for Dhs295m
- Last updated: January 21, 2026 | 21:07 ..
AD Ports Group on Wednesday announced the sale of KEZAD Logistics Park - KLP Free Zone 3 (FZ3) in Abu Dhabi, a free zone industrial and logistics group of warehouse assets, to Mair Group.
Located within KEZAD Al Ma’mourah, KLP Free Zone 3 benefits from proximity to Khalifa Port and direct access to major transport corridors, providing efficient connectivity to regional and international markets.
The transaction comprises the sale of the warehouses together with a land lease under a 50-year Musataha arrangement, for a total value of Dhs295 million, payable over a two-year period, including an Dhs74 million upfront payment.
The proceeds of the transaction will be used to de-lever the Group’s balance sheet. KLP Free Zone 3 spans a total land area of 128,451 square metres, with 59,822 square metres of gross leasable area across four purpose-built blocks designed to support a range of industrial and logistics activities.
“The sale of KEZAD Logistics Park - KLP Free Zone 3 to Mair Group reflects AD Ports Group’s disciplined capital recycling strategy and focus on unlocking value from mature assets, while maintaining long-term control of strategically important land through Musataha structures,” said Abdullah Al Hameli, CEO of Economic Cities & Free Zones, AD Ports Group.
He added that the sale strengthens the group’s balance sheet and enables the redeployment of capital into new infrastructure and growth opportunities across the Economic Cities and Free Zones portfolio.
As part of the transaction, AD Ports Group will provide interim operational and maintenance support to Mair Group for a period of up to three months under a Transition Services Agreement, ensuring a smooth handover.
Meanwhile AD Ports Group has signed a land sale agreement with Danube Properties for the development of a major residential and mixed-use project within KEZAD Town Centre, a strategically located district forming part of KEZAD Abu Dhabi.
The transaction covers approximately one million square metres of freehold land and is valued at around Dhs840 million. It represents the second land sale completed within the KEZAD Town Centre masterplan, following the earlier landmark transaction conducted with Mira Developments last October.
The agreement supports AD Ports Group’s land monetisation strategy and the phased acceleration of the Town Centre development, which spans a total area of approximately 16 square kilometres.
The project is designed to establish a vibrant, well-connected residential and lifestyle destination within close proximity to KEZAD’s industrial and business clusters, supporting long-term growth and workforce sustainability.
The proceeds from the transaction will be collected over a period of four years, with a 10 per cent downpayment, and will support the Group’s efforts to continue to deleverage its Balance Sheet, enhancing its liquidity position and financial flexibility.
The agreement further demonstrates the sustained value appreciation of KEZAD Town Centre land, underpinned by strong market demand.
“Our land sale agreement with Danube Properties marks another significant milestone in the development of KEZAD Town Centre and underscores the strength of our long-term master planning approach,” said Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group.
WAM