The new laws are expected to be in place by 2015. The project is being led by the Land Department of the Emirates - and will cover a range of issues from laws governing investors, contract templates and associations of owners to project finance, brokerage and liquidations.

Transparent relationship

The Director General of the Land Department, Sultan Bin Butti Bin Mujren, told Gulf News: 'The remarkable growth that real estate market is witnessing in Dubai requires serious modification and upgrading, aiming to avoid all previous obstacles, that the market experienced during the financial crisis in the last few years…We are working to develop a solid unified law at the Land Department that cannot only protect the investor, but to put in place a transparent business relationship between investors and developers as well as to backup the market and increase the investment growth with the real estate sector in the emirate.'