The Dubai government, which owns about £10bn in real estate around the world, is considering selling properties in London just as UK institutions are struggling to offload assets to meet investor outflows.
Through its Dubai World investment vehicle, the Gulf state plans to rebalance its portfolio to help stave off the effects of the sub-prime crisis. Its chief investment officer, Yu Lai Boon said: "We are too heavily weighted in the US and Europe. We want to balance the portfolio slightly more towards Asia."
