Apollo Invests $1 Billion in Aldar Properties

Largest corporate hybrid private placement in the region to support Aldar's growth plans

Published on Feb. 27, 2026

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Apollo, a global alternative asset manager, has invested $1 billion in subordinated hybrid notes issued by Aldar Properties, a leading UAE-based real estate developer and investment manager. This transaction marks Apollo's fifth investment in Aldar since 2022, bringing the total commitments to $2.9 billion. The investment is intended to support Aldar's balance sheet flexibility, growth agenda, and strategic acquisitions.

Why it matters

The transaction is among the largest-ever foreign direct investments in Abu Dhabi's private sector and the largest corporate hybrid private placement in the region. It highlights the strength of the long-standing partnership between Apollo and Aldar, and the continued confidence of major institutional investors in Aldar's strategy, financial management, and growth trajectory.

The details

The investment will provide Aldar with long-term, flexible capital that enhances its balance sheet resilience and supports its ability to capitalize on attractive opportunities across its core markets. The transaction also elevates Aldar's share of stable, recurring income generated by its high-quality, diversified portfolio, which is expected to continue expanding through acquisitions and its substantial develop-to-hold pipeline.

  • The transaction was announced on February 20, 2026.

The players

Apollo

A high-growth, global alternative asset manager with approximately $938 billion in assets under management as of December 31, 2025.

Aldar Properties

A leading UAE-based real estate developer and investment manager with a growing presence across the United Arab Emirates, the Middle East North Africa, and Europe.

Jamshid Ehsani

A partner at Apollo.

Faisal Falaknaz

The Group Chief Financial and Sustainability Officer at Aldar.

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What they’re saying

“Completing our fifth investment with Aldar speaks directly to Apollo's ability to structure flexible capital solutions that are responsive to the needs of both our corporate clients and our investors. Since our first transaction in 2022, Aldar has gone from strength to strength, with robust performance and portfolio expansion overseen by an experienced management team. This latest investment reflects Apollo's continued commitment to Abu Dhabi and the broader region.”

— Jamshid Ehsani, Partner, Apollo (apollo.com)

“This transaction highlights the strength of our long-standing partnership with Apollo and the continued confidence of major institutional investors in Aldar's strategy, financial management and growth trajectory. The issuance provides Aldar with long-term, flexible capital that enhances balance sheet resilience and supports our ability to capitalise on attractive opportunities across our core markets. Importantly, it elevates Aldar's share of stable, recurring income generated by AIP's high quality, diversified portfolio, which will continue to expand through acquisitions and our substantial develop-to-hold pipeline that is now valued at close to $5 billion.”

— Faisal Falaknaz, Group Chief Financial and Sustainability Officer, Aldar (apollo.com)

The takeaway

This investment highlights the strength of the partnership between Apollo and Aldar, as well as the continued confidence of major institutional investors in Aldar's growth strategy and financial management. The transaction will provide Aldar with the flexible capital needed to support its expansion plans and further diversify its portfolio of high-quality, income-generating real estate assets.