Tiger Woods Dubai Golf Resort Put On Hold
We've been talking about the Tiger Woods golf resort project in Dubai since 2006. Back then Tiger's company, Tiger Woods Design, partnered with Tatweer, a member of Dubai Holding, to create an exclusive golf community that was to include Al Ruwaya, a Tiger Woods-designed Golf Course, golf academy; a 60,000-square-foot clubhouse; an 80-suite boutique hotel for VIP guests; 300 luxury villas; 20 mansions and a community retail area. The first completion date for the project was 2009. Then in late 2009, amid the wake of the Woods mistress scandal, the Dubai backers of the project said they were continuing as planned to complete the course, clubhouse, hotel and more. Now Bloomberg reports that the project has been halted. The decision was a result of the current issues facing luxury real estate in Dubai. Dubai Holding did not give any estimate of a time at which the project will be restarted.
The picture above shows the entrance to the Tiger Woods Dubai course. Construction had been started several years ago and six holes were constructed and kept alive on minimum water, populated not with golfers but with grazing camels.Mmeanwhile Woods is set to visit Dubai in February for the Dubai Desert Classic.
There has been a lot of mixed information coming out of Dubai recently. On the one hand we've seen hotels like the new Ritz-Carlton open and the launch of the new world's tallest restaurant atop the Burj Khalifa. On the other hand, real estate projects like Dubai's ambitious World islands real estate development have been put in stasis. At present it looks like tourism is beginning to rise again in the area, perhaps real estate will follow eventually.
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