The Dubai Land Department has stepped in to broker a deal between investors and the developer of a stalled housing project, as the emirate’s property regulators move to break the deadlock in the distressed off-plan development market.

The department acted on 1 March to make a new offer to buyers at Beachfront Living on behalf of Omniyat Properties, one of Dubai’s larger developers.

A group of buyers had been lobbying for the project to be cancelled.

The National