According to Al Khaleej newspaper, informed sources have revealed that DAMAC Properties has acquired the land for The Tiger Woods project, which is part of Dubai Land.
The 55 million sq. ft. property is estimated at $513 million (AED 1.9 billion), the sources revealed, adding that DAMAC has begun drawing the construction plan for its second integrated developmental project on The Tiger Woods land.
It is expected that the project will be announced on the backdrop of the City Scape Global 2014 exhibition.
The new project will include various property and entertainment utilities such as villas, residential buildings, and an 18-hole golf course, the sources revealed.
DAMAC is currently seeking to hold a variety of lands in Dubai’s distinguished areas with the aim of developing them at later periods. DAMAC has purchased four pieces of land in Dubai during the first half of 2014, two of which were in Jumeirah Village.
The 55 million sq. ft. property is estimated at $513 million (AED 1.9 billion), the sources revealed, adding that DAMAC has begun drawing the construction plan for its second integrated developmental project on The Tiger Woods land.
It is expected that the project will be announced on the backdrop of the City Scape Global 2014 exhibition.
The new project will include various property and entertainment utilities such as villas, residential buildings, and an 18-hole golf course, the sources revealed.
DAMAC is currently seeking to hold a variety of lands in Dubai’s distinguished areas with the aim of developing them at later periods. DAMAC has purchased four pieces of land in Dubai during the first half of 2014, two of which were in Jumeirah Village.
Source:
Mubasher
