More than 40 stalled projects worth over Dh10 billion ($2.7 billion) have been revived by the Dubai Land Department (DLD) through two of its real estate project revival initiatives - Tayseer and Tanmia, said a report.

Tayseer is a guaranteed funding initiative and was launched in June 2010. It initially had covered 40 projects across Business Bay, Dubai Marina and Jumeirah Lake Towers.

Tanmia was launched in September 2011 and was aimed at getting semi-government/private investors on board to get projects completed. Under the scheme, property investors were also given the right to register their stalled projects with the DLD.

DLD is presently studying 158 projects that could be revived through its real estate initiatives, reported the Emirates 24|7.

About 45 projects have been registered under the Tanmia scheme, while another 45 are under the Tayseer scheme, it added.