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Park signboards now removed from the walls of the Dubailand sales center:
Looks like no more theme parks.
Source:Gulf Finance House has returned to Dubailand five years after its first ill-fated foray into theme park development there ended with huge losses.
The investment bank announced a Dh5.5 billion Arabian Legends entertainment complex at Cityscape in 2004 that was scheduled to be completed last year. Due to the global financial crisis, however, it was forced to withdraw from the project, taking a US$300 million provision against its exposure in 2009.
Now the Bahrain-based investor is back after signing a land sale agreement with Dubai Properties Group.
The 1.2 million square foot development will comprise residential, commercial and retail spaces (...)
Source:-- Dubailand’s future
Asked how Dubailand, a multi-billion-dollar entertainment and leisure district with theme parks being the priority, was positioning itself now, Al Habbai said: The vision still hasn’t changed… Dubailand will be one of the top destination in Dubai. We will butterfly garden, IMG theme park, lost valley by end of December.”
He added that most of the project either by DPG and other private investors were on track and expected to be completed before 2020.
Dubai Holding, Al Habbai revealed, was in discussion with Universal Studio to host a theme park in Dubailand.
“Dubai Holding is in discussion with Universal,” he said, without giving any details.
A senior executive at Saudi’s Al Hokair Group says its long-awaited Al Sahara Kingdom hotel and entertainment project in Dubailand should open in “a couple of years”.Source:On Wednesday Al Hokair vice-president marketing and business development Mishal Abdul Mohsen Al Hokair suggested the opening was more likely to be in 2016 and that construction was taking place on site.
“It’s in the plan to open,” he told Arabian Business on the sidelines of the company’s Sparky’s indoor entertainment centre opening in Al Ghurair Centre.
“It was planned to open but however the crisis which hit all the market just delayed and postponed the launching date of it. However, it will come very soon to the market.”
Asked if it had an exact opening he said: “Actually we don’t have exact date, however I can say a couple of years”.
Dubai has been crowned with the WORLD EXPO 2020 status and is now looking forward to revive the project from the graveyard add some meat and flesh to it and blow a soul into it c:
The master developer behind Dubai's Motor City has confirmed it has permanently scrapped plans for a F1-branded theme park and revealed proposals for a new mixed-use redevelopment at the site in Dubailand, with a replica of the famous Champs-Élysées area of Paris among the new designs launched at the Cityscape Global real estate exhibition.Union Properties (UP) previously announced plans for the F1 Theme Park within Motor City, but put the project on hold in 2009 during Dubai's property crisis. It was one of several projects in the wider Dubailand which were stalled in the downturn.
Ahmed Khalaf Obaid Bin Touq Al Marri, UP’s general manager, told Arabian Business F1-X Dubai would not be revived, with the company focusing on the new theme park plans, which were for the same site. While the new theme park has now yet been named, Al Marri said it would be a mix of "retail, residential and a theme park".Source:He expected the theme park, which would be stage four, to be 75 percent finished by the end of 2016.
Yes. It just shows you that they lack imagination. All they have is money that they fell backwards into.
Interesting use of the Disney font on the tickets!
Source:“Dubailand continues to be a growing district of Dubai and there is currently a strong pipeline of projects that benefit both residents and visitors alike. As master developer, DPG is in ongoing talks with third parties regarding new projects in Dubailand, and we expect to announce two new sports tourism and entertainment projects later this year,”