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Local Name:
دبي باركس آند ريزورتس
Budget:
2.7B
Announced:
07 Sep 2014
Construction Start:
Apr 2014
Opening:
18 Dec 2016
Location:
Area:
232 ha
Developer:
  1. Well, here's more money sources:

    Goldman Sachs is expected to sign a $1.15 billion project financing loan for Dubai Park and Resorts this week, which will finance the construction of a $2.9 billion amusement park complex in Dubai, banking sources said on Wednesday.

    The loan has been underwritten by Goldman Sachs, which led and structured the deal, Abu Dhabi Commercial Bank, Commercial Bank International, Emirates National Bank of Dubai, and Noorbank, the sources said.
    The project financing will fund construction of the parks, along with equity provided by Meraas investment group and the $689 million Initial Public Offering (IPO) of 40 percent of Dubai Parks and Resorts, which was announced on Tuesday.

    The 10-12 year project financing will benefit from support from Meraas and will be sold in a wider syndication that is expected to start shortly, bankers said.
    Work began on the project in February 2014 and completion is expected by the end of September 2016.
    Source:
    http://www.reuters.com/article/2014/11/12/loans-meeras-idUSL3N0T26NJ20141112?feedType=RSS&feedName=financialsSector

  2. Without the IPO, they wouldn't have the funds to complete the three parks:

    Dubai Meraas unit plans $689m IPO for theme park project
    plans to launch a $689 million initial public offer of shares this month as it builds a $2.9 billion amusement park complex which is key to the emirate's drive to expand as an international tourist destination.

    Dubai Parks and Resorts, part of the government-owned Meraas investment group, said on Tuesday it would sell 2.53 billion shares or 40 percent of its outstanding shares between November 17 and November 30, at a price of 1 AED each.
    Source:
    http://www.arabianbusiness.com/dubai-meraas-unit-plans-689m-ipo-for-theme-park-project-571306.html



  3. Dubai Parks and Resorts sets target on completion in 2016
    To make certain that construction milestones will be met, the developer has got Samsung's construction entity on board, while Hill International is handling project management services.
    Dubai Parks CEO Raed al Nuaimi quotes:

    "The design and choice of attractions was to position the destination to an international standard and audience and not as a regional amusement park. We are quite clear about that demarcation, and why we went for international IPs (intellectual property) through tie-ins with DreamWorks, Sony or a Legoland."
    "In 2006-07, there was a lot of talk about bringing theme parks to Dubai and which never happened. From that perspective, we are clear about the need to set goals that are achievable by a set date, and that's going to be in 2016."
    "The queuing lines for all of the attractions will be in air-conditioned areas. Also, the entire DreamWorks IP features will be fully indoors."
    Source:
    https://en-maktoob.news.yahoo.com/dubai-building-blocks-themed-destination-092201551--finance.html

  4. research007 is offline themeparX Top Investigator
    Join Date
    Oct 2011
    Posts
    420
    Dubai Parks and Resorts, a Meraas Holding company, on Tuesday announced the appointment of Parques Reunidos as park operators for two theme parks planned for the emirate.

    A deal to run motiongate Dubai and Bollywood Parks Dubai will marks Parques Reunidos' foray into the Middle East and was announced on the sidelines of the World Travel Market in London.

    Parques Reunidos is an international Madrid-based entertainment operator that manages 54 theme and amusement parks, water parks, zoological and marine life parks around the world, primarily across Europe and the US.
    Source:
    http://www.arabianbusiness.com/operator-picked-run-two-dubai-theme-parks-570547.html

  5. Can't help myself, I really don't like the logo. It looks so cheap. Dubailand was much better!



  6. PR news is offline Newbie
    Join Date
    Oct 2014
    Posts
    1
    This is how the theme park hotel Lapita is going to look like:


  7. Bollywood theme park pics in high-res:





  8. Thanks for the update! Let's add some captions.

    LEGOLAND:


    BOLLYWOOD:


    MOTION GATE (DREAMWORKS, SMURFS ETC):














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