Deyaar has officially broken ground on the delayed Flamingo Creek, the residential project that it took over from National Bonds Corporation last year. The project is one of the first to begin construction at The Lagoons, a development made up of seven artificial islands along Dubai Creek that was launched by Sama Dubai in 2006, but which has been under review since November. last week that the groundbreaking was imminent. But she also reported that according to Markus Giebel, the chief executive of Deyaar, there was still some question whether Sama Dubai or Dubai Properties was managing The Lagoons, he said. Both companies are part of the Dubai Holding group. All units within the Dh1 billion project are sold and scheduled for delivery in 2011, according to Deyaar's announcement today.