Investors in stalled Ajman property projects could be digging themselves in deeper by pursuing their claims in the courts, lawyers have warned.

The advice follows the publication of 122 approved projects by the Ajman Real Estate Regulatory Agency last month, which has spurred many investors in projects not on the list to seek compensation in the courts.

The approved projects represent less than a quarter of the estimated number planned before prices started to tumble last year. Approval, however, provides no guarantee that the projects will be built.

The National