Wrong development. That Ferris wheel is going into the Blue Waters Island development.
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Wrong development. That Ferris wheel is going into the Blue Waters Island development.
They are planning a Ferris wheel:
http://gulfbusiness.com/2015/02/dubais-meraas-eyes-234m-loan-ferris-wheel-scheme-sources/
Looks like a hotel to me.The mystery buildings not shown on the phase 1 plan are progressing well
Looks like the Dubai Parks & Resorts is looking forward to earn revenues worth Dhs 2.4B in the first year.
http://gulfbusiness.com/2015/02/dubai-parks-resorts-projects-revenues-worth-dhs2-4bn-first-year/
I was driving by yesterday and a lot of activity happening behind the hoarding and many structures are going vertical.
Source:Dubai Parks and Resorts, a Meraas Holding company developing a mega theme park project in Dubai, announced that it has started construction of DreamWorks’ zone within its Hollywood theme park Motiongate.
DreamWorks’ zone has been designed as an enclosed steel-based structure built on approximately 730,000 sq ft of land within the four million sq ft Motiongate Dubai. The park is scheduled to open in the third quarter of 2016.
The company said that work has begun on the steel structure, which has a total capacity of approximately 53 cubic feet. The structure requires around 5,400 tonnes of steel that have been fabricated into approximately 77 main trusses.
Presently, two 600-tonne crawler cranes have been deployed to lift each truss and track into place, marking a milestone for the development of the park, the statement said.
http://gulfbusiness.com/2015/01/dubai-parks-resorts-begins-work-dreamworks-zone/
You can see that there will be a Smurf Village and a Cloudy with a Chance of Meatball attraction, I'm not sure about the rest.
Motiongate Park:
Source: http://www.inparkmagazine.com/parques-reunidos-dubai/
Major investors:
Source:Sovereign wealth funds from Qatar and Kuwait are among institutional investors that bought shares in the initial public offering of Dubai’s new theme park developer and operator.
Kuwait Investment Authority, Qatar Investment Authority, Gulf family offices and global institutional investors helped Dubai Parks & Resorts raise 2.53 billion dirhams ($690 million), the company said in a statement today.
http://www.bloomberg.com/news/2014-12-08/qatar-kuwait-wealth-funds-invest-in-dubai-parks-ipo.html