A group of 30 worried property buyers who say they have paid many thousands of dirhams to developers for projects that are either months behind schedule or not even started are pressing the Ajman Real Estate Regulatory Agency to take action to protect their investments.

Most have invested in properties in the Dh15 billion (US$4.08bn) Emirates City development, one of the few projects along the Emirates Road where construction is well advanced.

However, they say, many sub-developers within the new city have not yet started building work, and the investors fear their money is at risk.

The 30 have signed a petition to ARRA, a government agency set up at the beginning of this year, declaring they will be handing over no more money to developers until they get a schedule linking future payments to specific stages in the development and giving guaranteed completion dates, with penalty clauses.

The National