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Woods resort stalls in Dubai

Work on a Tiger Woods-branded golf resort in Dubai has been halted by developer Dubai Properties Group, which cited a struggling luxury property market.

DUBAI – Work on a Tiger Woods-branded golf resort in Dubai has been halted by developer Dubai Properties Group, which cited a struggling luxury property market.

“The decision was based on current market conditions that do not support high-end luxury real estate,” Dubai Properties said in a statement via text message yesterday. “These conditions will continue to be monitored, and a decision will be made in the future when to restart the project.”

 
 
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