Real estate in the UAE 'on the rise'

The value of real estate in the United Arab Emirates (UAE) is expected to rise again in the coming months, a sector specialist asserts.

Jesse Downs, director of research at analyst Landmark Advisory, claims the current signs point towards the market recovering, particularly in the UAE capital Abu Dhabi.

He says there has been a noticeable increase in sales as more developments are nearing completion.

"We have witnessed more end-users emerging as buyers as they become more confident in investing in the market again and we expect this interest to increase as more units become available," Mr Downs comments.

He adds that Arabian District in Al Reef Villas and towers in Al Reem Island are both proving particularly popular with overseas investors in search of modern and innovative real estate in the UAE.

Al Reem Island is located 600 metres off Abu Dhabi's coast and will feature house hotels, restaurants, gardens, museums, an aquarium, amusement parks for children and a diverse wildlife reserve.