Apollo Global Management has committed $1 billion to subordinated hybrid notes issued by Aldar Properties, the UAE-based real estate developer, as part of an ongoing strategic partnership. This latest investment represents the fifth capital deployment by Apollo into Aldar since 2022, bringing the firm's total commitments to the developer to $2.9 billion.
The funding is structured to strengthen Aldar's balance sheet and provide financial flexibility for the company's expansion plans. Proceeds from the investment will support key strategic objectives including landbank acquisition and potential strategic acquisitions as Aldar continues to develop its portfolio across the United Arab Emirates.
The investment underscores continued institutional interest in Gulf region real estate assets and reflects Apollo's confidence in Aldar's market position and development pipeline. As a hybrid subordinated instrument, the notes provide Apollo with enhanced risk positioning within the capital structure while enabling Aldar to access diversified funding sources for its growth initiatives.