Property investors who bought homes in the stalled Lagoons project in Dubai are being offered alternative apartments within Jumeirah Beach Residences in the first sign of consolidation among Dubai Holding’s two main property units.

Sama Dubai, the developer of The Lagoons, is the latest property company to explore transferring credit among buyers, according to investors.

The trade in off-plan properties has accelerated in the emirate in recent months as developers act to consolidate projects and convince buyers to keep paying for homes they bought during the economic boom.

The National