How about Tiger's Dubai project?

02/03/2010

How about Tiger's Dubai project?

The Tiger's Dubai project is subjected to the harshest possible conditions, especially the multi-million dollar Tiger Woods Dubai Golf Course is many months behind schedule. However it has not been abandoned.

Nor has Tiger, who has been dropped like hot cakes by some of his other business partners, including AT &T Inc. and Accenture, following his admitted infidelity and his decision to take an 'indefinite' break from competitive golf in order to try and keep his marriage together.

The golf course he designed should have been completed in September last year, but at present it has only reached as far as the eighth hole and only part of the 55 million-square-foot Tiger Woods Dubai project, which has plans for 287 luxury villas and mansions, a boutique hotel and a clubhouse, has been sold.

Designs for the villas are being completed before construction starts, Dubai Properties Group Chief Executive Officer Khalid Al Malik told Bloomberg.com.Al Malik insisted that they hadn't decided yet on a date for its completion or delivery to the market, but the project is ongoing.

The development is a partnership between Tiger Woods Design and Tatweer, which is part of Dubai Properties Group.

Woods has a minority stake in the project, which he has been visiting two or three times a year. Representatives from his Windermere, Florida-based design firm visit more frequently, Al Malik said.

The CEO of the Government-owned Dubai Properties said the delay in bringing the project to the market had nothing to do with the dramatic exposure of family man Woods as a serial philanderer, but everything to do with the world's economic woes.He said they hadn't experienced any change (of attitude towards the project) .

Back in November 2007, the developers announced that Woods himself planned to build a 16,500-square-foot mansion overlooking the golf course that would include a gym, a theater, a library and a pool and golf clubs and Abdulla Al Gurg, who managed the project at the time, said villas and mansions were selling for $12 million to $23 million.

It has 5 billion-square-feet of land, 3 billion of which are being held for Dubailand, a $7.5 billion attraction expected to be twice the size of Walt Disney World in Florida.

Al Malik said, stressing that Part of the project was sold and the other part would go to the market once it was completed because we believe it's better to do it then ,and he stressing tha the developers were "moving on with that plan and were continuing the project, without a doubt."