Aldar Properties is one of the largest real estate developers in MENA and has been behind some iconic projects in the U.A.E., such as Yas Island, Ferrari World, and Reem Island. In 2022, the company’s total capital deployment into recurring income assets reached $2.02 billion. In July 2022, it signed an agreement with Mubadala to acquire four commercial towers in Abu Dhabi Global Market on Al Maryah Island for $1.2 billion. In December 2022, it partnered with Mubadala to acquire Al Maryah Tower, a commercial office property located on Al Maryah Island, for $122.6 million. Early in 2023, it acquired Al Fahid Island for $681.2 million. In August 2022, Apollo acquired an 11.1% minority stake in Aldar Investment Properties, a subsidiary of Aldar Properties, for $400 million.