Woods missed the 2003 event over regional security concerns. His only prior appearance at the event came in 2001 when he finished second to Thomas Bjorn.
'I was really disappointed not to have made it over to Dubai this year so I'm more than excited about returning in 2004,' said Woods.
This season, the unheralded Robert-Jan Derksen captured the event over Ernie Els.
The 2004 event will take place from March 4-7.