The Company’s associate (Nuzul Qatar), owns and operates a 200 unit serviced residence building - Somerset West Bay, located in Doha (Qatar). The property stands tall in the diplomatic area and overlooks the coast offering scenic views of the Arabian Gulf. It is a short walk to the City Centre mall - one of the largest shopping complexes in the Gulf region. This property was launched in June 2008 and is valued at US$ 98 million with Nuzul Holdings owning a 50% stake in it.