IMG Worlds of Legends
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Given the low visitation numbers of IMG Worlds of Adventure, this one is being quietly shelved...

The IMG parking lot today:

I'm pretty sure it will rise in the parking lot

Just look at the image underneath your post. IMG Worlds of Adventure IS a part of IMG Worlds of Legends. Looks to be that the car park is taken up by CN (Cartoon Network)

Where exactly will IMG Worlds of Legends rise? Above or next to the parking lot serving IMG Worlds of Adventure?

Falcon Tree designed the Worlds of Adventure park, any idea which design firm is creating this? I didn't read anything on Falcon Tree House.

Looking at the artwork I think Warner Bros will be even better much a lot of theming and a lot of attractions.

The number of IMG visitors are rising and to me IMG is so far the best in Dubai in term of rides and attractions. Go to Dubai parks and you will know what I mean.

It does make sense. They do this in preparation for an IPO. That's the reason.