The acquisition follows Apollo’s earlier announcement that it would invest $1.4 billion to power Aldar’s growth initiatives
Aldar Investments
Latest in Aldar Investments
Abu Dhabi
Aldar acquires luxury islands in Abu Dhabi in high-end real estate push
The company said it acquired Nurai Island, a private island just a few kilometres north of Saadiyat only accessible by sea
Aldar
Aldar’s startup incubator programme Manassah 3.0 to target SMEs in F&B industry
Winners of the programme, held in partnership with startAD, will receive equity-free financial incentives and a space at an Aldar retail destination
Abu Dhabi
Abu Dhabi’s Aldar reports 27 percent net profit growth in Q1 2022 following Egyptian acquisition
Property developer’s first-quarter group sales stood at $598.9m, driven by continued momentum in the capital’s real estate market
Abu Dhabi Business Hub
Aldar Investment creates logistics real estate vertical with acquisition of Abu Dhabi Business Hub
Aldar Logistics which will focus primarily on the UAE, with potential to expand into Saudi Arabia and Egypt
Abu Dhabi
CBRE advises Abu Dhabi’s Aldar on its $210 million Rixos Bab Al Bahr transaction in Ras Al Khaimah
Global real estate advisor CBRE provided valuation and technical due diligence advisory services to the Abu Dhabi property giant on its Rixos Bab Al Bahr transaction
Abu Dhabi
Abu Dhabi’s Aldar acquires 715-key Rixos Bab Al Bahr beach property in Ras Al Khaimah for $210 million
As part of the Rixos Bab Al Bahr transaction, Aldar Investment has secured the development rights for an additional 250,000 square feet of gross floor area (GFA) for residential and commercial use
Abu Dhabi
Real estate giant Aldar reports surging net profit for 2021, fuelled by UAE Covid-19 response
Abu Dhabi’s real estate sector recovery helped the firm achieve a record sales figure for the year
abu dhabi real estate market
Aldar, Apollo ink deal to create $1.4bn investment for growth plan
Commitment will see Apollo-managed funds and clients invest a total of $1.4bn to drive Aldar’s growth
abu dhabi property market
Abu Dhabi-based Aldar records nearly $2bn in property sales for 2021
Aldar’s developments on Yas Island accounted for 62 percent of the total value of sales in 2021
al hamra group
Aldar makes first investment in Ras Al Khaimah with $112m shopping mall deal
Aldar Properties, through its Aldar Investment business, acquires the 27,000 sq m Al Hamra Mall
Aldar
Aldar Q3 gross profit surges 20% following record development sales
Abu Dhabi real estate giant’s Q3 gross profit rose to $227m, supported by record quarterly development sales of $732.3m
abu dhabi real estate market
Abu Dhabi’s Aldar says Q1 net profit jumps 80% to $148m
Real estate giant cites strong increase in property development sales and a ramp-up of the project management business for profit boost
abu dhabi retail
Revealed: $136m plan to ‘future proof’ Abu Dhabi’s Yas Mall
Major investment planned to redevelop retail asset at the heart of Yas Island, Abu Dhabi’s residential and leisure destination
abu dhabi real estate market
Abu Dhabi’s Aldar reveals big shake-up to drive ‘next phase of growth’
UAE’s largest developer says it is adopting a new operating model to focus on digital transformation and sustainability
Abu Dhabi real estate
Aldar unit sells Abu Dhabi residential tower for $78m
Aldar Investments announces that it has completed the sale of Al Murjan, a residential tower in Abu Dhabi