Aldar Properties is one of the largest real estate developers in the region, with a total landbank of 65.4 million square feet in the U.A.E. In January 2024, Aldar announced that it would invest $272.3 million to expand its logistics real estate business in Dubai and Abu Dhabi. In December 2023, Aldar Properties, Mubadala Investment Company, and Ares Management established a new partnership to jointly invest $1 billion in private real estate credit opportunities in the U.K. and Europe, while Aldar will also invest an additional $100 million into an existing European private real estate credit strategy established by Mubadala and Ares in 2021.