Six Flags Dubai
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For six flags, the contractor signed and the work is going well.

Bad news for funding the next stages of their projects as their stock price continues to fall and is predicted to get worse. They are in danger of being removed from the list of emerging markets stock listings which has given investors confidence thus far.

Theme-park owner DXB Entertainments PJSC, whose stock has tumbled more than 30 percent this year, could be poised for a deeper slide starting next month.

The shares have already slumped almost 3.6 times more than Dubai’s equity benchmark as the operator of a Legoland and a Bollywood-inspired attraction reorganizes debt and visitor numbers fall short of targets. That may worsen if the decline in market value prompts MSCI Inc. to cut the stock from its emerging-market index next month.

While the number of park visitors fell short of projections last year, it was 45 percent higher in the first quarter than the same period in 2017, the company said on April 12. It is sticking with a plan to open a Six Flags-branded park in Dubai in 2019, Chief Executive Officer Mohamed Almulla said last month.

Source: https://www.bloomberg.com/news/articles/2018-04-21/theme-park-owner-s-scary-dubai-stock-slump-may-be-set-to-deepen

Credit: theparklifekid

Glad to see the progress below as figures from the sites this week have been worrying.

Dubai Parks and Resorts — which includes Motiongate Dubai, Bollywood Parks Dubai, and Legoland Dubai — reported 2.3 million visitors last year, with 796,000 coming in the fourth quarter, when the weather is better in the United Arab Emirates. However, that works out to fewer than 9,000 visitors a day across the three parks during their busiest quarter.

DXB Entertainments, the company that owns the Dubai Parks and Resorts complex, has announced that it lost Dh1.11 billion (US$302 million) in 2017

The Dubai parks averaged slightly more than 2,000 visitors per park per day over the year last year. We do not know the actual breakdown between the parks, however.

Source: http://www.themeparkinsider.com/flume/201802/5944/

Source and more photos: El Blog de Benic

A superimposed map of Six Flags Dubai vs Google Earth:



PICTURES FROM 25TH JANUARY

Views from my room:



The entrance of the Park:






The Backstage's Buildings:



General views:









I hope to see soon the final design map of the park!

DPR have released their visitor figures from 2017. They are, not surprisingly, pretty poor and they have made a lot of "overall" figures to not declare paying park customers.

Though individual figures are not provided for the three main theme parks at the integrated resort – Legoland Dubai, Bollywood Parks and Motiongate movie park – that means an annual average attendance of less than 800,000. Numbers increased significantly in the fourth quarter of the year, when 796,000 visits were recorded across the resort, a 66% leap compared to the previous quarter. It is not known how many came just to visit the Riverland dining and retail district.

They are also restructuring and backing out the decisions to split the business operations which were made in early 2017. It's a cost-saving exercise and will have implications on how the Six Flags is operated.

Meanwhile DXB has announced an operational restructuring of the company, combining the Theme Parks and Retail & Hospitality divisions that were separated earlier in 2017. Ahmad Hussain, previously general manager of Theme Parks, has been appointed deputy CEO, whilst former GM of Retail & Hospitality Ahmed AlRayyes is now chief commercial officer.

Source: https://lookup.ae/news/10074/visitors-on-the-rise-at-dubai-parks-and-resorts

Another construction update video was uploaded

credit: theparklifekid

Youtube video credit theparklifekid

It seems like construction has finally commenced:







Source:
https://www.facebook.com/methemeparks/posts/846431188870929