Dubai: The new law requiring all off-plan units to be registered with Dubai Land department, will make Dubai's real estate market a safer place for people to invest their hard-earned cash, according to legal consultants.

"The law is a further step forward in Dubai's aim to develop an appropriately regulated real estate market, with particular emphasis on transparency and consumer confidence," said Will Grinter, legal consultant in the UAE at international law firm, Clyde & Co.

Law no 14 will come into force in Dubai on the publication of the next issue of the Government Gazette, which is expected shortly. With increasing amounts of complaints from investors, predominantly in the off-plan market, this new law will boost security of investments and add a shot of much-needed confidence to the market as a whole.

Gulfnews: New real estate law will make Dubai a safer place for investors