News from Dubai » Dubai Holding

Lagoons investors offered alternative deal

David — Wed, 30 Sep 2009 01:08:44 +0000

The National newspaper reported yesterday that investors in The Lagoons development have been offered alternative properties at Jumeirah Beach Residence by developers Sama Dubai.

Sama Dubai is a subsidiary company of the government-owned Dubai Holding group. Jumeirah Beach Residence was built by Dubai Properties, another subsidiary of Dubai Holding.

In August 2009 Dubai Holding merged the operation of Sama Dubai, Dubai Properties, and another company; Tatweer.

The Lagoons project is currently on hold.

Dutco Balfour Beatty wins construction contract at golf project

David — Sun, 06 Sep 2009 15:43:58 +0000

Dutco Balfour Beatty (DBB) has been awarded a Dhs 150 million contract to build the clubhouse and golf academy at The Tiger Woods Dubai.

The Tiger Woods Dubai is a golf course and resort project at Dubailand. Features include:

• Golf Course – A 7,800 yard, par 72, 18-hold championship golf course, Al Ruwaya, designed by Tiger Woods.
• Clubhouse – 145,000 sq ft clubhouse with restaurant, bar and lounge, and golf shop.
• Golf Academy – Staffed by PGA professionals this facility will offer high tech tuition and analysis, plus a driving range.
• Hotel – A luxury boutique hotel.
• Residences – Luxury houses and villas.

The Tiger Woods Dubai is a joint venture between Tiger Woods Design and Tatweer, a subsidiary of Dubai Holding.

Six Flags files for bankruptcy

David — Tue, 23 Jun 2009 12:27:50 +0000

Six Flags, the US-based amusement park chain, has filed for bankruptcy protection.

In March 2008 it signed an agreement with Tatweer to develop an amusement park in Dubailand.

Tatweer, a subsidiary of Dubai Holding, says the theme park at Dubailand will not be affected by the development.