Abel was born in 1252 as the third and posthumous son of King Abel of Denmark, Duke of Schleswig, by his wife, Mechtild of Holstein. In the settlement with his brother Eric after the death of their elder brother Duke Valdemar III, Abel received the cities of Svendborg, Rudkøbing, and possibly also Faaborg on the island of Funen, and as a fief the island of Langeland. Abel died on Easter Day 1279 in Svendborg and was buried in Greyfriars’ Abbey.
At his death, he left only a daughter Margaret, who entered the convent of Zarrentin in Mecklenburg and donated her father's properties to her relatives, the counts of Holstein. They later sold it to King Eric VI of Denmark.