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Tiger Woods Dubai Golf Resort Goes Kaput In Wake of Financial Crisis

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"Lovers of championship golf, now is your chance to live the dream. The Tiger Woods Dubai is a private residential community offering some of the most exclusive and luxurious homes ever built in Dubai," is the opening sales pitch from the Dubai Properties Group Web site. Unfortunately, due to a struggling luxury market, the Tiger Woods Dubai dream has become a ... wait for it... you know it's coming... a nightmare. (God, help me for writing this.)

Writer's dignity aside, it's true. Woods' luxury golf development is only one of hundreds of developments in Dubai that have been either canceled or suspended as risk-takers and international property speculators have retrenched following the financial crisis.

“The decision was based on current market conditions that do not support high-end luxury real estate,” Dubai Properties, a unit of Dubai Holding, said in a statement to Bloomberg via mobile-phone text message.

The Tiger Woods Dubai resort, "set amongst 55 million sq. ft. of tranquil landscaped grounds," which is short for "the middle of the desert," was to have included the "spectacular 18 hole Al Ruwaya Golc Club" featuring "dramatic elevation changes, lush landscaping" (did we mention this thing was located in the middle of the desert?) and "stunning water features." Seriously, they were going to build this in the middle of the desert. See, Google maps... look:

^^^^^^^ This is the middle of the desert!

In addition to the golf course, the resort was to have included 292 residential plots for palaces (PALACES! LOL!), mansions, luxury villas and golf villas.

Check out some photos of Tiger's Dream in the Desert. And look, that's no mirage, that's water!!! In the desert!!!

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