Race to Dubai sister golf courses put on hold
by This email address is being protected from spam bots, you need Javascript enabled to view it on Tuesday, 03 November 2009
The Wind and Water golf courses at the Leisurecorp project, where the first Dubai World Championships will be held later this month, have been put on hold.
The world's top golfers will play the Earth course at the Dubai development on November 19-22, the culmination of the Race to Dubai. The Fire course, also designed by Aussie golf legend Greg Norman, will open as planned.
But plans to add further courses have been put on hold until further notice amid the difficult market conditions, a spokesperson for Jumeirah Golf Estates confirmed to Construction Week Online.
The spokesperson added that the courses were still part of the long-term plan for the development but would only be considered when it was deemed economically appropriate.
“Wind and Water are still part of the long-term plan, but we’re evaluating when we’ll begin on those, according to market conditions,” he said.
Wind was designed by Sergio Garcia, Greg Norman and Pete Dye, while Water was designed by Vijay Singh.
The spokesperson said that the company had not sold anything on the proposed courses, saying that efforts had been focused on the Greg Norman-designed Fire and Earth courses, both of which open on December 1.
“We’ve decided it’s not wise to sell on Wind and Water yet, so we won’t be doing so,” he said.
The spokesperson also confirmed that the first residential developments on Earth and Fire at Jumeirah Golf Estates were expected to be ready for handover during H1 2010, and that 90 percent of properties had already been sold.
READERS' COMMENTS
Posted by Original Joe, Dubai on Tuesday 3 November 2009 at 14:40 UAE time
DG, you probably do not live at Arabian Ranches. I did for 2 years and I RAN away. What a rubbish town center! Rubbish restaurants and grocery store. Victory Heights will not enjoy a good quality of life for a few more years but the finished product will be so much better than Arabian Ranches. And the Els golf course is better than what Arabian Ranches has done.
Posted by DG, Dubai on Tuesday 3 November 2009 at 13:11 UAE time
Forget Victory Heights ( which is in the vicinity of the most kitschy architecture in Dubai ) ; the real winners are Arabain Ranches and its beautifully embedded Golf Course which is now maturing. Also Greens / Golf View for those who are satiated with the views but not the ability to walk onto the courses as the ranches residents can.
Posted by Anonymous, Dubai on Tuesday 3 November 2009 at 07:19 UAE time
This is good news for golf real estate like Victory Heights. With only a limited supply of golf view property available these properties should see a nice appreciation once they are completed and ready for occupancy.
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