Hi Darius, looks interesting!!! like a movie, all of a sudden, there is a surpise.
This has what has happened to us (investors). Because of our own greed, we were looking to pick up any rubbish the developers were offering without evening looking at the who the developers are? and what could happen to the investment. At the end of the day, Ajman govt. stopped issueing the residence visa and then the new law according to which pretty much almost all the investors in Ajman are not entitiled to residence visa.
This was the suspence in the real life movie,the prices dropped, no one was willing to pay any more, the utilities project by ajman govt got delayed and no body is sure if it will be completed, so no water and no electricity, pushed the prices further down. Developers started running away, ARRA is not much effective, no stable law, so no one wants to buy, the movie has not yet ended, so just wait and see what is about to come which no one can predict...