In September 2004, Arcapita formed a joint venture with Dubai Sports City LLC to develop a lifestyle residential community centered around a signature championship golf course and academy, world class tennis, soccer and cricket academies and a wellness center within Dubai Sports City. Dubai Sports City is the world’s first purpose-built, fully integrated sports city. Victory Heights was developed on 25 million square feet of land centered around an 18-hole championship golf course designed by top ranked golfer Ernie Els. Victory Heights complemented Dubai Sports City’s wide array of stadiums, training academies and other sporting facilities. The development comprised approximately 1,000 upscale single family units within a gated and master planned community.