Although funding appears to have been agreed and contracts awarded, work still seems to be slow on the Al Sufouh Tram project. After the completion of the green line of the Dubai Metro the RTA were said to have stepped up the work on the Al Sufouh Tram project, but looking at the site down at JBR there does not seem to be much work going on right now.
There has been some deep excavation which was done a while ago now but not really much sign of any further work happening. Perhaps in the coming months this will change but right now there are still rumours of funding problems, despite what the RTA are saying.
These pictures were taken in February 2012 when work should have been progressing: