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A number of people are going through the same problem, however I believe your first course of action should be to contact ARRA (Ajman Real-Estate Regulatory Authority).
Tel: +971 6 7444 144
Fax: +971 6 7444 145
P.O. Box: 2333, Ajman-UAE.
Address: Ittihad Street, Al Rahsidiya Ajman
From what I have heard that staff at ARRA is very friendly and more than willing to answer your questions.
Secondly, you should try to get in touch with real estate lawyers if possible and hopefully they should be able to guide you further. The problem with Ajman is that they are not as organized as Dubai and getting answers will take longer than expected.
This issue has also been discussed in a previous post which can be found here:
Hope this helps and best of luck in recovering your investment. Please do remember to update us on your situation.
I am late in the blog but still I would comment on the above. Well like Dubai Ajman also having the Authority like ARRA but for the investors and to protect their rights. Firstly one should get the details pertaining to the registration and all with respect to the units contracted with the Developer. Being a Lawyer in this real sector I have seen both the sides of the investment obviously the brighter and darker ...Approaching ARRA would be part of mediation. The execution power only entrust with the courts. This is true side of such property disputes.
Legally one should put the demand that is what law says (civil).
Then we have the relevant real estate privilege laws. So, in order to get the refund and to protect the investor one should have the record for the payment. Based on this legally we will first put a legal notice through courts towards the defaulter.
I would like to assist you in this regard if you are interested. You can contact me on email@example.com