A report on CNN says that the construction of the first golf course designed by Tiger Woods, currently being built on the outskirts of Dubai, has been hit by delays and that the opening of the Al Ruwaya course, due to be ready by September, will now not take place until at least April.
The report goes on to say that it is understood that just six holes will be opened in September, three of which were fully grassed in May before the heat of summer.
The opening of the golf course, with an academy and driving range is to be followed by a second phase of building which includes a ‘boutique hotel’ and a gated ‘village’ with 197 properties described variously as ‘palaces, mansions and villas’.
The report by CNN concludes with a reference to a recent report by the real estate consultancy Colliers International which said that property prices in Dubai had plunged 41 percent during the first three months of 2009. Colliers said prices had fallen as global finance has dried up and job opportunities in Dubai have declined.
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