The UAE's real estate market has bottomed out and will begin to recover in 2010, according to economic analysts speaking at a panel discussion in Dubai.

'I think the real estate market has bottomed [and] I include Dubai in that,' Neven Hendricks, COO at Deloitte Corporate Finance Ltd - MENA region, said on the sidelines of the Dubai Knowledge Village Breakfast Club panel discussion.

'I see real estate market trending upwards gradually towards the end of 2010,' he added.