Abu Dhabi Fund ADQ Weighs Bid for Stake in Dubai Office Tower

An Abu Dhabi-based wealth fund is considering joining a list of bidders vying for a minority stake in Dubai’s largest office tower, people familiar with the matter said, seeking to grab a slice of one of the world’s hottest commercial property markets.

The $157 billion ADQ, part of Sheikh Tahnoon bin Zayed Al Nahyan’s sprawling empire, is interested in buying into ICD Brookfield Place, the people said, asking not to be identified as the talks are private. The tower in the heart of Dubai’s financial district could be worth as much as $1.5 billion, they said.

The ICD Brookfield Place office tower in the Dubai International Financial Centre

Photographer: Christopher Pike/Bloomberg

Owners Brookfield ...