ARRA is going to do nothing, Govt. is doing nothing,, Builders and developers only harassing .....what to do ????
ARRA is an govt. entity and ajman govt. has made billions of dirhams by selling desert areas to builders and real estate companies. The govt. will never never give this money back to builders and builders do not have money to pay back to investors as they have invested our money somewere else .
We can only hope of getting money either through the legal way or when the market comes back to boom stage like before which is not possible before 2013. Sorry to say these hard words but people we need to look forward .I do not have much hope of geting back my 3 years of saving i put into GCD 2 project.
Legal Way
I do not know what legal way you are talking about.My experience with UAE AJMAN is that it is a lawless land.You cannot win.Consider the money you have invested as Zakat you have donated it to the poor people involved in the scam of AJMAN EMIRATES CITY PROJECT.