The rapid decline in house prices has exposed weaknesses in the framework of property law, say lawyers who are calling for a single code to better protect investors and lenders.

Legislation has been introduced across different emirates in recent years, some of which has been aimed at curbing the excesses of developers who contributed to a speculative off-plan property bubble.

Varied legal frameworks in different emirates are causing confusion in the market, a report from the law firm Habib al Mulla says.

The National