Regional sovereign wealth funds target Dubai real estate investment

Regional sovereign wealth funds are "looking at Dubai today" as opportunities based on attractive valuations become more interesting, according to Dr Omar Bin Sulaiman, governor of the Dubai International Financial Centre.

"I think you will see a big shift in sovereign wealth funds. A lot of them are actually looking at Dubai today... and believe it or not, one of the sectors they are looking at is real estate.

"There are opportunities today for buyouts and to take advantage of the situation where they can come in on the real estate side or the infrastructure side," Bin Sulaiman said, addressing members of the Indian Business and Professionals Council in Dubai.