Ajman’s largest residential property project will go ahead at just a fraction of its original size, after the developer cancelled more than 180 towers in response to a downturn in investor demand.

Marmooka City, the largest planned community along Emirates Road in Ajman, has been scaled back from 206 towers to just 20 buildings.

From the dozen developments that have been launched over the past two years along the highway, Marmooka City is the first one that has revised deals with sub-developers to adapt to the market downturn. The fate of the remaining projects along the highway, which have yet to start construction, is unclear.

The National