DIFC Investments Launches Real Estate Fund

Dubai: DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC), announced on Saturday the launch of a real estate fund through its real estate arm that will invest in Dubai and the UAE's real estate sector. Although DIFC did not announce the size of the fund, sources said the fund will start with a corpus of Dh12 billion.

Initially the fund will be fully invested by DIFC Investments. Currently, there are no plans to attract investment from other individual or institutional investors," a source. Dr Omar Bin Sulaiman, Governor of DIFC and Chairman of DIFC Investments said: The steady growth of the real estate sector in recent years and the great future prospects provide us with an excellent opportunity to diversify our portfolio. Historically, this sector has netted high returns for investors, and there is a lot room for growth and a lot of untapped potential in this sector.