Progress

To date, more than 970 properties have been sold with a value exceeding US$ 625 million with 450 residential units completed and 300 residents of 40 nationalities bringing the development to life. The first 9 holes of the 18-hole signature Greg Norman Links golf course is scheduled to open for play by the end of 2010 and the first retail and food & beverage units in Al Marsa Village are expected to open at the same time. The designs of the Fairmont and Kempinski 5 star hotels are also now finalized and expected to open in the first quarter of 2013.