close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Dubai Holding unit suspends Tiger Woods golf resort

Company says to keep commercial agreement with Tiger Woods.

1

January 31, 2011 3:42 by



Dubai Properties, part of a conglomerate owned by the ruler of Dubai, has suspended its Tiger Woods residential and golf course project, citing poor market conditions for luxury developments.

The developer, a unit of Dubahi Holding, had planned the resort with Woods, a former world number one, who was to have designed the golf course.

“Tiger Woods Dubai can confirm it has suspended the project,” Dubai Properties said in a statement on Monday.

“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.” The golf resort was slated to have 292 residential plots for palaces, mansions, luxury villas and golf villas, according to the development’s website. It also includes an 18 hole golf course.

Dubai Properties said it would maintain the commercial agreement with Tiger Woods and his organisation. The once-booming property market in Dubai was hit hard by the economic crises, causing a collapse of the real estate market in the emirate.

(Reporting by Praveen Menon; Editing by Amran Abocar)



1

Tags: , , ,

1 Comment

  1. Ahmed on February 1, 2011 7:21 am

    Well Manchester United Soccer School moved out of Dubai Sports City to Abu Dhabi and now Tigerwoods project is called off. Guess not good nes fro Brand Dubai.

     

Leave a Comment