Shock: Tiger's Dubai Project "Suspended"**

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Guess they had to get this out of the way so that he wouldn't have to pretend during his visit in a couple of weeks like things were progressing, even though we already knew from this Donegan report last November that this one wasn't happening.

Thanks to reader Peter for this Reuters story:

The developer, a unit of Dubahi Holding [DUBAHC.UL], 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.