Canadian giant Brookfield Asset Management has teamed up with the Investment Corporation of Dubai to launch a $1bn (£625m) fund.
It will be dedicated to investing in Dubai property and will be seeded with $100m from both Brookfield and ICD.
The fund will target opportunities currently available in the Dubai real estate sector, with a focus on a wide class of assets, both freehold and non-freehold.
The fund will have a life of eight to 10 years.
