SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

               RULE 23C-2 NOTICE OF INTENTION TO REDEEM SECURITIES
                    UNDER THE INVESTMENT COMPANY ACT OF 1940

                    Investment Company Act File No. 811-21172

                        DWS RREEF REAL ESTATE FUND, INC.
                                 345 Park Avenue
                             New York, NY 10154-0004

     The undersigned registered closed-end investment company hereby notifies
the Securities and Exchange Commission that it intends to redeem securities of
which it is the issuer, as set forth below in accordance with the requirements
of Rule 23c-2 under the Investment Company Act of 1940, and states that it is
filing this notice with the Commission pursuant to permission granted by the
Commission's staff fewer than 30 days prior to the date set for the redemption.

(1)  Title of the class of shares of DWS RREEF Real Estate Fund, Inc. (the
     "Fund") to be redeemed:

     Auction Preferred Stock, Liquidation Preference $25,000 per share, Series A
     (CUSIP 81119Q209) and Series B (CUSIP 81119Q308) (the "APS").

(2)  Date on which the securities are to be called or redeemed:

     Series                                        Date
     ------                                        ----
        A                                   November 13, 2008
        B                                   November 17, 2008


(3)  Applicable provisions of the governing instrument pursuant to which the
     shares are to be redeemed:

     The APS are to be redeemed pursuant to Part I, Section 3(a)(i) of the
     Articles Supplementary Creating and Fixing the Rights of Series A and
     Series B Auction Preferred Stock.





(4)  The number of shares to be redeemed and the basis upon which the shares to
     be redeemed are to be selected:

     The Fund will partially redeem the APS on a pro rata basis by series.
     Depository Trust Company, the holder of record of the APS, will determine
     by lottery how a partial series redemption will be allocated among each
     participant broker-dealer firm. The Fund intends to redeem the number of
     outstanding shares of APS as set forth below:

     Series                                     Number of Shares
     ------                                     ----------------
        A                                             1700
        B                                             1700


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                                    SIGNATURE

Pursuant to the requirement of Rule 23c-2 of the Investment Company Act of 1940,
the Fund has duly caused this Notice of Intention to Redeem Securities to be
signed on its behalf by the undersigned, in the City of New York and the State
of New York, on this 29th day of October 2008.

                               DWS RREEF REAL ESTATE FUND, INC.

                               By:   /s/ Paul Schubert
                                     -------------------------------------------
                               Name:    Paul Schubert
                               Title:   Treasurer and Chief Financial Officer


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