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business12h ago
Abu Dhabi’s Aldar and Mubadala to launch $1B Gulf real estate fund
- Aldar and Mubadala Capital plan a $1 billion Gulf real estate fund to be launched next year.
- The fund is a joint venture named Aldar Capital with Mubadala Capital, the Abu Dhabi sovereign fund arm.
- It will be based in the Abu Dhabi Global Market financial zone and target regional and international buyers.
- The fund aims to sign sovereign wealth funds, pensions, funds of funds, insurers, and family offices.
- The Gulf region's overseas institutional investor market is relatively underdeveloped.
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