Tiger Woods Dubai Golf project on hold
The 'Al-Ruwaya' project was originally due for completion in 2009
The Tiger Woods residential and golf course project, Al-Ruwaya, has been put on hold due to poor market conditions for luxury developments.
In a statement yesterday, developer Dubai Properties, a subsidiary of Dubai Holding Company, told Reuters that the $1.5billion Tiger Woods Dubai Golf Community would be restarted sometime in the future, but failed to specify a date.
“Tiger Woods Dubai can confirm it has suspended the project. This decision was based on current market conditions that do not support high-end luxury real estate. These conditions will continue to be monitored and a decision will be made in the future when to restart the project," read the statement.
The resort, which was meant to include an 18-hole golf course, and an 80-suite, 5,600m2 clubhouse, as well as 292 plots for palaces, mansions, luxury villas and golf villas, was said to have been designed by Woods himself, the former world golfing champion.
Located in Dubailand, just off Al Hibab road, the project was to spread over a 3.5 million m2 area and originally due to be completed in 2009, with Dutco Balfour Beatty appointed main contractor.