Construction Halts on Tiger's Dubai Course

DUBAI, United Arab Emirates -- The developer of a Tiger Woods signature golf course in Dubai says the project has been suspended because of a drop in demand for luxury properties.

The halt to The Tiger Woods Dubai project, which included high-end villas, shows that Dubai's market is still feeling the effects of the severe downturn that hit the former boomtown more than a year ago.

A statement Monday by the golf course developer, part of Dubai Properties Group, to The Associated Press says the decision to put the development on hold was based on economic factors, but it could resume if conditions improve. Only a few holes on the course have been completed.

Woods plans to play at Dubai's Desert Classic, which begins next week.

Copyright 2011 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. Active hyperlinks have been inserted by AOL.

 

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Source: http://golf.fanhouse.com/2011/01/31/construction-halts-on-tigers-dubai-course/

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