The Waterfront regeneration project was launched in 2001 with a 30-year plan to transform the area once occupied by docks, Tayside House and the old Olympia swimming pool.

Backers of the project said developer inquiries are currently “at the highest level in a generation.”

Dundee City Council is working with international bespoke consultancy group Consensio and leading construction experts Avison Young to attract investors into the scheme.

The scheme is anchored by the new V&A Museum built by BAM and two major purpose-built student accommodation developments are currently on site, together with a further 3,500 beds either consented or in the planning pipeline.

A council spokesperson said: “Proactive developer liaison is generating strong enquiry levels, with developers now working on development schemes that can be brought forward once mortgage rates and construction costs settle back to a more normal level.

“One of the factors behind this significant improvement is the approach taken by the Council as planning authority. When developers first start talking to us we help them shape their proposals, and once appropriate consents are granted, we then work with them to remove barriers.

“We work alongside Developers to break down barriers, particularly on brownfield sites.  Senior managers get personally involved in key sites to help ensure that we understand the constraints and help remove them, including wayleaves, telecoms, surface water drainage and the combined sewer.

“On the waterfront, we help accelerate projects through the production of detailed site design guidance for each site, and comprehensive information about utilities. This helps developers hit the ground running once they are ready to go into the design phase.

“Our key targets are currently Build to Rent, high quality housing for sale and mid-market rental.”