Middle East real estate giant Aldar Properties creates a billion-dollar investment firm

United Arab Emirates (UAE) real estate developer Aldar Properties has plans to spin off its investment division to create a subsidiary with approximately $5.4 billion of property assets, said Aldar Properties’ chief executive Talal Al Dhiyebi in a CNBC interview.

Assets include residential, commercial, retail and hospitality, such as Yas Mall, The Gate Towers and Arc.

Al Dhiyebi said the company thought it “was the right time to optimize our capital structure and unlock capital.”