Apollo Expands Footprint in UAE Real Estate: Takes 11.1% Stake in Aldar Properties’ Investment Platform

Dubai, UAE – In a strategic move to strengthen its presence in the vibrant real estate market of the United Arab Emirates, Apollo Global Management Inc, a renowned manager of alternative assets, has successfully acquired an 11.1% minority stake in Aldar Investment Properties (AIP), a subsidiary of Abu Dhabi’s leading developer, Aldar Properties.

The transaction, valued at $400 million, is part of a broader deal that was initially unveiled in February, with Apollo’s total investment in Aldar reaching a substantial $1.4 billion. The companies jointly announced this significant development on Wednesday, solidifying their commitment to driving growth and innovation in the real estate sector.

The partnership with Apollo is poised to be a game-changer for AIP, providing the financial impetus needed to scale up its real estate platform through transformative acquisitions. The joint statement emphasized Apollo’s role as a catalyst for AIP’s expansion, signaling a new era of strategic collaboration and shared vision in the dynamic real estate landscape.

This move follows AIP’s recent high-profile acquisition of four prime commercial towers in Abu Dhabi Global Market, the financial center of Abu Dhabi, for a noteworthy 4.3 billion dirhams ($1.2 billion). The acquisition underscores AIP’s commitment to bolstering its portfolio with key assets in prime locations, aligning with its strategic goals for sustained growth and market leadership.

The joint statement released on Wednesday highlighted the significance of Apollo’s financial backing, describing it as a pivotal catalyst for AIP’s ambitious plans. The infusion of capital is expected to empower AIP to execute further transformative acquisitions, reinforcing its position as a key player in the evolving real estate landscape of the region.

As the UAE’s real estate market continues to attract global attention, Apollo’s investment in Aldar Properties reflects the confidence in the growth potential of the market. The collaboration between Apollo and Aldar sets the stage for future endeavors, fostering innovation, and contributing to the development of iconic projects that will shape the skyline of the UAE.

In conclusion, Apollo’s acquisition of a minority stake in Aldar Investment Properties not only marks a strategic move for both companies but also underscores their shared commitment to driving growth and excellence in the ever-evolving real estate sector of the UAE. The partnership is expected to unlock new opportunities, fortifying Aldar’s position as a market leader and contributing to the continued transformation of the region’s real estate landscape.