Aldar Properties PJSC and Apollo Global Management have signed a landmark commitment that will see Apollo-managed funds and clients invest a total of $1.4 billion in strategic capital to drive Aldar’s transformational-growth initiatives.
“This landmark transaction is a signal to the world’s investment community that Abu Dhabi’s real estate market is on a growth trajectory, supported by significant economic and social reforms, and a world leading response to COVID-19,” said Talal Al Dhiyebi, CEO at Aldar Properties. “Aldar’s ability to attract a long-term partner such as Apollo, underscores the strength of Aldar’s business franchise as well as the quality and investment appeal of the Abu Dhabi real estate market, both of which are driven by robust fundamentals underpinning long-term economic growth.”
The commitments are structured in the following components:
$500 million: Investment into a land joint venture;
$500 million: Perpet
