Deyaar sees Dubai real estate bottoming out in the second half but will shift its focus from the UAE to emerging markets next year, and is mulling a MENA wide property fund, its chief executive said on Saturday.

'We think the bottom will be reached in one year, faster than in any other crisis. The reason for this acceleration is government intervention,' Markus Giebel told Arabian Business in an interview at the World Economic Forum in Jordan.

This would be in the third or fourth quarter of this year, he added.