MAIR Group PJSC, the UAE-based strategic investment company with interests spanning grocery retail and commercial real estate, has announced the acquisition of prime logistics warehouse assets at Khalifa Economic Zones Abu Dhabi (KEZAD) from AD Ports Group. Valued at AED 295 million, the transaction represents a significant expansion of MAIR’s income-generating industrial real estate portfolio.
The acquisition is being completed through MAIR Group’s wholly owned subsidiary, Makani Real Estate, which serves as the group’s property investment and asset management platform.
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Logistics Asset Specifications
The transaction covers facilities within KEZAD Logistics Park – KLP Free Zone 3, located in KEZAD Al Ma’mourah in close proximity to Khalifa Port one of the region’s most important trade and logistics gateways.
Key asset features include:
- Total land area: Approximately 128,451 square metres
- Gross leasable warehouse space: Around 59,822 square metres
- Infrastructure: Four purpose-built warehouse blocks
- Operational suitability: Designed for logistics, light industrial, and supply chain activities
- Strategic connectivity: Direct access to major transport corridors linking local, regional, and global markets
The property’s location and infrastructure profile position it as a high-demand logistics facility within Abu Dhabi’s expanding industrial ecosystem.
Transaction Terms
The total deal consideration of AED 295 million will be settled over a two-year period, including an upfront payment of AED 74 million.
The acquisition also includes a 50-year Musataha land lease, granting MAIR long-term land-use rights while enabling the company to generate stable recurring income from the warehouse assets. This structure supports both long-term operational certainty and predictable revenue streams.
Portfolio Expansion Strategy
The acquisition aligns with MAIR Group’s disciplined investment approach, focusing on high-quality, income-producing commercial and industrial real estate. Expanding its logistics and warehouse exposure strengthens portfolio diversification and supports long-term value creation through strategically located, revenue-generating assets.
Makani Real Estate continues to play a central role in executing this growth strategy, reinforcing MAIR’s positioning within the UAE’s commercial property sector.
Capital Recycling Initiative
For AD Ports Group, the divestment forms part of a broader asset optimization and capital recycling strategy. By monetizing developed real estate assets, the group can unlock value while reallocating capital toward new infrastructure, port expansion, logistics facilities, and free zone developments across its Economic Cities and Free Zones network.
The Musataha framework enables asset distribution and development by keeping land ownership with the original owner while granting private investors long-term rights to build, finance, and operate projects on that land. This structure protects strategic land stewardship while allowing the private sector to create, manage, and generate value from physical assets such as commercial, industrial, or community developments.
Market Impact
The transaction highlights sustained investor confidence in the UAE’s logistics and industrial real estate market. The country’s role as a regional trade hub, supported by world-class port infrastructure and integrated free zones, continues to drive demand for modern warehouse and distribution facilities.
Institutional investment activity of this scale further underscores Abu Dhabi’s growing importance as a base for regional supply chain operations and long-term industrial growth.
