AD Ports Group has completed the sale of three warehouses in KEZAD Logistics Park in Abu Dhabi to Aldar for AED 650 million, equivalent to US$ 177 million.
The transaction encompasses a total leasable area of 161,000 square metres and represents the second warehouse asset sale between the two companies, following Aldar’s acquisition of two built-to-suit warehouses from AD Ports Group in November 2025 for AED 570 million.
The deal also marks the second asset monetisation transaction completed by the group in 2026, following the January sale of KEZAD Logistics Park Free Zone 3 to Mair Group for AED 295 million.
Together, the two 2026 transactions represent 65% of the group’s minimum AED 1 billion asset monetisation target for the year.
Seven local, regional and international bidders participated in the sale process, reflecting strong investor appetite for logistics and industrial assets in Abu Dhabi.
Proceeds will be directed toward balance sheet deleveraging and the funding of growth projects, consistent with AD Ports Group’s asset optimisation programme launched in 2025.
The programme is designed to recycle capital from real estate assets into higher-returning opportunities across the group’s integrated trade, transport, logistics and industrial development businesses.
In 2025, the group generated AED 4.6 billion from asset monetisation activities, including KEZAD land and warehouse sales and the disposal of its 9.77 percent stake in NMDC Group.
Abdullah Al Hameli, CEO of the Economic Cities and Free Zones Cluster at AD Ports Group, described the transaction as reinforcing the strength of the asset monetisation model and reflecting sustained investor confidence in KEZAD’s industrial ecosystem.
The Economic Cities and Free Zones Cluster reported revenue growth of 45 percent and EBITDA growth of 31% in 2025.
KEZAD’s land bank of 550 square kilometres comprises 55% of the UAE’s total industrial area, underpinned by long-term land leases of 25 to 50 years.
