Monday, January 31, 2011

Tiger’s Dubai course/resort a mirage for now

Reuters reports that Dubai Properties announced today that "Tiger Woods Dubai can confirm it has suspended the project..." Furthermore, the "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."

So will Tiger still be desirable when the market does come around?

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