UAE-based property developer, Manazel Real Estate, which focuses on mid-income housing and has assets worth $1.39bn, has initiated the process of listing on Abu Dhabi stock exchange this year, hoping improved market sentiment will create appetite for the issue, Reuters has reported. "It is the right time to start the listing, the markets will move up by the end of this year," said Manazel chairman Mohamed Muhana al-Qubaisi. "We have a good track record with stable income forecast in the coming years."