Aldar taps into APAC real estate tech scene through investment in Taronga Ventures fund

Aldar taps into APAC real estate tech scene through investment in Taronga Ventures fund

- Taronga Ventures to introduce opportunities for Aldar to further diversify its business and increase technology transfer to the region

Abu Dhabi – UAE: Aldar Properties (‘Aldar’) has increased its exposure to global real estate technology funds through a partnership with Taronga Ventures, a leading real estate technology investor operating across the Asia Pacific (APAC) region. The investment forms part of Aldar’s broader innovation strategy, promoting the adoption of disruptive technologies within the real estate sector.

Taronga Ventures (‘Taronga’) has created a global ecosystem to advance and scale innovation-driven companies by using its fund to invest into these companies and provide strategic access to its network of world leading real estate coinvestors.

Through the partnership with Taronga Ventures, Aldar will gain access to technology co-investment opportunities providing additional revenue streams and new efficiencies for Aldar’s portfolio. Simultaneously, the opportunities will allow Aldar to forge strategic partnerships that deepen technology knowledge transfer and ideation into the Middle East.

This partnership represents Aldar’s fifth real estate technology fund investment and diversifies Aldar’s exposure to the sector, through Taronga Ventures’ global mandate and positioning in the APAC region. In line with Aldar’s efforts and commitment to support decarbonisation across the real estate sector, Taronga Ventures is also