UAE real estate shows signs of recovery as Aldar predicts sales surge

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UAE real estate shows signs of recovery as Aldar predicts sales surge
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Abu Dhabi's property market is showing signs of steady growth, as the oil rich capital of the United Arab Emirates recovers.

Pandemic related job losses forced nearly 10% of the UAE's expat population to leave, hitting property prices and increasing vacancies last year.

But low lending rates and improving business conditions in the UAE have helped to stoke demand for Aldar's major community and housing development projects in Abu Dhabi. "Business in Abu Dhabi and the real estate sector is actually very buoyant," Aldar Properties Chief Financial and Sustainability Officer Greg Fewer told CNBC's "Capital Connection" on Wednesday.

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