A GOLFING DREAM NOW A REALITY!

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1 NEW S A GOLFING DREAM NOW A REALITY! Av id golfers who d ream of a challenging course but at the same time want to enjoy themselves need look no further or wait no longer. The beautiful 18-hole Nicklaus Design championship golf course opened to the golfing world on 9 December the first championship golf course to open in the UAE for over six years. His Highness Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman, officially inaugurated the Al Zorah Golf Club in the presence of Sheikh Rashid bin Humaid A l Nuaimi, Chairman of Al Zorah Development Company and Mr. Nasser Chammaa, Chairman of Solidere International as w e l l a s s e v e r a l o t h e r Shei k h s and dignitaries. Over 40 golfers participating in a special opening were the very first to play the opening tournament event at t he Troon Golf-managed course, located just 25 minutes from Dubai International Airport. The mesmerising Al Zorah Golf Club - set amongst a naturally-preserved environment of native sandy areas, lakes and some almost two million square metres of mangroves - opened its doors in style after months of high-profile media previews. Incorporating ten par-4 s, four par-5 s and four par-3 s, the course has already exposed golfers to the unique tidal system that changes the proposition of several holes depending on the tidal hours. Two magnificently-kept lakes also feature, including one that plays a prominent part in the standout par-3, 15th hole. THE CLUBHOUSE In addition to the fascinating golf course, those attending the opening event at Al Zorah Golf Club were welcomed by the supremely-structured The Pavillion clubhouse, which will be replaced by an even more impressive clubhouse in Visit us to find out more!

2 NEWS -Page 02 - A WORD FROM OUR CEO This year has been a momentous one for Al Zorah even as we inaugurated our first project within the development Al Zorah Golf Club. Dubai in September 2015, we believe, will make Al Zorah a major tourism and business attraction within the United Arab Emirates, in the years ahead. A unique partnership between the Government of Ajman and Solidere International, our vision to build an iconic lifestyle destination in harmony with nature is now taking concrete shape. We have invested our resources heavily in providing the finest roads, infrastructure, landscaping and leisure and outdoor amenities to those with a penchant for contemporary living in a natural environment. Al Zorah will be ready for its first set of residents in 2016, and soon they will enjoy spectacular views over the golf course from their home. Al Zorah s progress has led to a number of key developments so far, including the announcement of the Golf Estates, a new residential community, and the Nicklaus-Design golf course. With its beautiful coastline and 2 million square metres of mangroves, Al Zorah will soon become the go-to place for those in the Emirates looking for a little respite from their stressful lifestyles. As one drives down the highway alongside Al Zorah, one can see the Golf Villas rising up from the lush green golf course. The overwhelming and positive feedback we received from investors and customers at Cityscape Global held in As a free zone development, Al Zorah brings unparalleled value to residents and investors. It prov ides 10 0% ownership of business, land, villas and apartments and a hassle-free approach to setting up business to achieve the long-term growth objectives of our valued clientele. In addition to residents, retailers and hospitality companies continue to demonstrate their interest in the Al Zorah story, with the likes of Shakespeare & Co. already open at our sales centre, The Pavilion, with spectacular views over the mangroves. The Oberoi Al Zorah and LUX* Al Zorah resorts will soon follow suit, and open in 2016 and 2017, respectively. At Al Zorah our job is to create the unimaginable by turning it into a lifestyle destination that few could ever dream of. I am posit ive t hat t he property will soon feel like home to hundreds and thousands from across the region. I hope this newsletter will encourage you to drop by and visit us! Sincerely, Imad Dana CEO

3 NEWS -Page 03 - AL ZORAH ON ITS WAY We re living up to our promises! A year ago we promised we would launch the golf club, and we did! We also promised the construction and delivery of the golf villas and f u lf illed t his pledge. A nd all throughout, we have announced regular updates on our infrastructure and roads and the two beach resorts. HH Sheikh Humaid bin Rashid A l Nuaimi earlier t his mont h inaugurated Al Zorah Golf Club; and the golf villas are rapidly rising; the roads and infrastructure for phase one is in place and the beach resorts a re we l l on t hei r w ay to t hei r scheduled launch. ROYAL TREATMENT In 2015, Al Zorah was privileged to welcome His Highness Sheikh Humaid bin Rashid Al-Nuaimi, when he toured Al Zorah Golf Club and highly commended the Al Zorah team on creating a spectacular tourist destination with the 18-hole Nicklaus design golf course as a central feature.

4 NEWS -Page 04 - THE PAVILION The Pavilion, Al Zorah s uniquely designed and iconic structure, is the development's marquee edifice and its sales centre. This is where we introduce visitors to the over two million square metres of spectacular mangroves, part of which can be seen from atop the building. The Pavilion is the first project to be implemented on site Al Zorah, as part of the city's move towards a more sustainable design-led development. Drop by the well-loved F&B outlet Shakespeare and Co.'s inaugural branch in Ajman at The Pavilion, already open to visitors. Come early on weekends as you could have to wait. Next year will also see the opening of Thanani, a local eatery, designed with Ajman s characteristics and with an Emirati influence. The 150-seater amphitheater within T he Pavilion has become a star attraction for many corporations in the UA E a s t h e y h o l d s e m i n a r s, conferences, presentations, for their customers or staff. The sound-proofed, high-tech acoustically engineered auditorium is the perfect place to screen movies, hold workshops and even organise a musical evening for a select crowd. What are you waiting for? Come and get a feel for it.

5 -Page 05 - APPEALING TO THE EYE The paths to all our projects under construction are being beautified through extensive landscaping and infrastructure development in order to provide a high level of service. Landscaping of the main entrance road to the development is already underway while roadworks to The Oberoi Al Zorah and LUX* Al Zorah beach resorts will commence in January In order to ensure that movement within Al Zorah is easy, significant progress has been made with infrastructure construction and we re excited to announce that the roadworks to all projects under construction are nearly complete. THE OBEROI AL ZORAH- RISING RAPIDLY Vogue magazine has listed The Oberoi Al Zorah beach resort as among 2016 s Hottest Hotels: The 16 Most Anticipated Openings in its latest online edition, listing at No. 7. Having made this entry is prestigious enough and those who love a luxurious hotel will delight in the fact that early 2016 will see the The Oberoi Al Zorah resort open for business, bringing its signature Eastern hospitality with it. Upon the recommendations of The Oberoi, Al Zorah has appointed Mr. Burkhard Wolter as General Manager for The Oberoi Al Zorah in preparation for the opening and beyond. Mr Burkhard comes with over two decades of hospitality experience having worked in the Middle East with Shangri-La, Kempinski, Le Meridien and Four Seasons over the last eight years.

6 -Page 06 - LIVING THE GOLF LIFE COMING SOON - LUX* AL ZORAH Looking for a different kind of deluxe hospitality experience? LUX* Al Zorah, with its world-renowned spa, is destined to welcome its first patrons by end of This global brand, recognised for its luxurious living aligned close to nature is a perfect fit for Al Zorah. Good news for investors who have bought property at the Golf Villas! They are rapidly rising as construction is underway in full swing. The first homeowners will be able to move into their homes this coming summer with all access roads being completed. What s more, with access to the Nicklaus Design championship golf course, the pioneering residents will be a part of the golfing community even as golfers play their round of golf. Golf Villas residents will also enjoy The Oberoi Al Zorah which is nearing completion, and mooring their boats in the Marina. CRUISING AT AL ZORAH The first of four state-of-the-art marinas at Al Zorah will open soon to boat and yacht owners! Sailing will become a reality at this spectacular destination. Marina One will offer berthing facilities for boat and yachts between 8 metres and 40 metres in length, as well as a park which will include F&B facilities, amenities and entertainment for family and friends.

7 -Page 07 - CITYSCAPE GLOBAL 2015 This past September year we saw great interest generated at Cityscape Global 2015, Dubai s premier real estate and property show, as we launched yet another phase of golf living residential homes - the Golf Estates. The Golf Estates, is a gated community with a combination of villas, townhouses and apartments set on the 18-hole Nicklaus Design Golf Course within The Fairways district. Sheikh Rashid bin Humaid Al Nuaimi, Chairman of Al Zorah, visited the stand and met with several dignitaries and officials. The announcement received great media and public interest. A NEW ONLINE LOOK AND FEEL Visit our new website with its beautiful imagery to learn more about what Al Zorah has to offer. From the uniquely designed natural and contemporary communities we re building, to the restaurants, golf course, and clubhouse, see Al Zorah come to life at Residents and potential investors can better understand our real-time construction progress from our website. In addition, visitors can check out floor plans, the different amenities and also view a stunning video created to provide a complete overview of this mixed-use destination.

8 -Page 08 - LIVE HEALTHY AT AL ZORAH Al Zorah is all about healthy living. Residents and visitors can live a conscious and healthy life amidst nature at this destination. Just an example are the biking trails which interconnect all of Al Zorah s districts. In addition, golfers can test the course here, while kayaking aficionados take trips in nature and adventure seekers make natural expeditions to the mangroves! Al Zorah is on its way so continue to watch this space! THE BACKBONE OF AL ZORAH Currently, Al Zorah has over 1400 skilled professionals and workers on site, with the total number set to increase as the development progresses and more projects come online.

9 -Page 09 - A YEAR OF EVENTS Events were our bloodline in 2015 as we engaged with different audiences through a large number of events we participated in with the government, consumer and trade sectors. Here s some of the events we were represented in: Al Zorah Media Tour. Apr 7, 2015 Ajman Urban Planning Conference. Mar 2, 2015 Lebanese Delegation Visit. May 20, 2015 Sheikh Humaid bin Rashid Al-Nuaimi Visit to The Pavilion. Mar 17, 2015 Cityscape Global 2015 Sep 8-10, 2015 Al Zorah Golf Villas VIP Sales Launch. Mar 31, 2015 Al Zorah Golf Club Opening Dec 9, 2015

10 -Page 10 - INTERESTING AL ZORAH FACTS Al Zorah has more than 58 species of birds and marine life. Kayaking, biking, water sports, and other such healthy activities will all be part of Al Zorah s DNA. You can also do standup paddling, snorkeling, kite surfing, etc. Al Zorah encompasses 12 km of waterfront and 1.6 km of beachfront. No matter where you are standing in the 5.4 million sq m destination, you can enjoy magnificent views of either the mangroves or the creek. Al Zorah is a 25-minute drive from Dubai International Airport and 20 minutes from Sharjah International Airport. DID YOU KNOW? that according to the Dubai Land Department, in 2015 the total sum of foreign investment in Dubai s property sector exceeded Dh53 billion ($14.4 billion), with the UK accounting for the second largest number of investors after India? that British investors are showing no signs of slowing down after pumping more than Dh4.7 billion ($1.27 billion) into the UAE real estate market in the first half of 2015 (according to Trade Arabia). with an appetite for investment from foreign nationals still on the rise, Al Zorah is also witnessing similar interest.