<p>The asset manager behind the UAE’s second listed real estate investment trust expects more to follow.</p>
<p>Emirates NBD Asset Management listed ENBD Reit on Nasdaq Dubai last week.</p>
<p>"There is room in the UAE for ten or twenty reits," said Anthony Taylor, fund manager of real estate for Emirates NBD Asset Management. "This is a very significant part of the investment horizon. We feel comfortable, being second, that many more will follow and it’s important to have an established market."</p>
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<p>Although listed reits have only existed in the UAE since the launch of Emirates Reit on Nasdaq Dubai in 2014, institutions have been setting up unlisted collective investment vehicles since the mid-2000s.</p>