Tiger’s Dubai project shelved
Another Tiger Woods golf course project has been shelved – but this time it has nothing to with him.
Another Tiger Woods golf course project has been shelved – but this time it has nothing to with him or his golf course design company.
A conglomerate controlled by Dubai’s debt-embattled ruler announced at the weekend that a Tiger Woods signature golf estate project launched in Dubai in its boom year’s has had to be put on hold due to the ‘current market conditions’.
Coming less than two week’s before Woods is scheduled to tee off in the Dubai Desert Classic next week the announcement is a clear indication that the Dubai property market has yet to recover from the effects of the world wide recession.
The new project, which was touted as having the first course in the world to be designed by Tiger Woods and was set to include an up-market boutique hotel and a housing estate made up of sheik-style palaces, is one of many high profile projects in Dubai that have been suspended, one being an elaborate, larger version of the man-made, palm-shaped island that originally helped put Dubai on the World map.
“It’s been put on hold for right now. A lot of projects are (on hold) out there,” Woods told Associated Press on Sunday, after opening his new season at Torrey Pines.
“It’s still there. We’ve got six completed holes and a few that were about to be grassed before construction was halted. Everything is on hold.”
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