Aldar Properties is the second-largest real estate developer in MENA and has been behind some iconic projects in the U.A.E., such as Yas Island, Ferrari World, Reem Island, and its own coin-shaped building in Abu Dhabi. Aldar Properties, through its Aldar Investment business, acquired a beach resort property in Ras Al Khaimah for $210 million in April 2022 to expand its portfolio outside Abu Dhabi. In February 2022, it injected $272 million into its subsidiary Aldar Education to increase student capacity in its education network to over 40,000 seats by the 2024/25 academic year. Talal Al Dhiyebi joined Aldar Properties in 2006 and assumed his current position as Group CEO in January 2021.