Debt-ridden Dubai Properties announced today it was suspending construction on the Tiger Woods Golf Complex. Again.The luxury golf complex was supposed to open in September 2009, before the Dubai real estate market crashed. A few months later, Tiger’s marriage, performance and brand value crashed as well.
Unfortunately neither party has recovered from last year.
The government-owned firm told Middle East Golfer (via Arabian Business): “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.”
Here’s a picture of the golf course that may never be completed:
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