Abu Dhabi’s biggest property developer is teaming with one of the Gulf emirate’s wealth funds to launch a new investment platform, targeting real estate and infrastructure opportunities across the UAE and the wider GCC region.
Aldar Properties PSJC will partner Mubadala Capital, the asset management unit of Mubadala Investment Co. to form Aldar Capital, according to a statement. The venture will seek to raise $1 billion next year and aims to offer strategies designed to meet draw in global institutional investors seeking exposure to the region.
“The firm will offer professionally managed funds for institutional investors, including sovereign wealth funds, pension funds, fund of funds, insurance companies and family offices,” the statement said. Aldar Capital will be based Abu Dhabi’s financial center ADGM.
- Aldar CEO Talal Al Dhiyebi: “Leveraging Aldar’s real estate expertise and Mubadala Capital’s global network, Aldar Capital will enable international investors to access the region’s next wave of growth.”
- Mubadala Capital CEO Hani Barhoush: The platform will provide institutional-grade opportunities to investors in the UAE and GCC and reflects “Abu Dhabi’s evolution as a nexus for global capital and the growing confidence of investors in the region’s governance, growth, and long-term potential.”
About Aldar: The developer has $12.8 billion of real estate assets under management. It has partnered with investors including Apollo Global Management, Carlyle Group, and Ares Management to structure and deploy capital into high-quality real estate opportunities.
About Mubadala Capital: The alternative asset management subsidiary of Mubadala Investment Co. manages, advises, and administers over $430 billion in assets.
