Universal Studios Dubai
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The old Universal Studios location in Dubailand

Easy to find. Take Dubai Outer Bypass Road coming from Jebel Ali and turn right into a small road about one mile before the Al Ain road interchange

I wonder If they're still going to have the same plan of rides and shows that they were going to put for Dubailand?

They clearly talk about a Universal theme park, not 'entertainment center', in the government newspaper Gulf News:

A rush of entertainment projects was announced at the end of 2012 aimed at attracting leisure tourism to Dubai. Among them is the Mohammad bin Rashid City that will comprise a Universal Studios theme park

http://gulfnews.com/business/retail/theme-park-companies-in-talks-over-mega-entertainment-projects-in-dubai-1.1174293

Universal family entertainment centre? That sounds small.

The first component of the new project will focus on family tourism and will include a giant park capable of receiving 35m visitors, a family entertainment centre set up in collaboration with Universal Studios and hotel facilities.

Source:
http://www.arabianbusiness.com/dubai-s-mbr-city-take-decade-says-nakheel-ceo-496698.html

Screenshots from the video:

Thank you for finding this, Jasiel!

Here's a video clip they shot back in April 2007

Interesting. I believe the license has been issued to defunct Tatweer? Since Mohammed Bin Rashid Gardens is not part of the latter I wonder how that affects the licensing agreement.

The sites license expired and is pending renewal or deletion

http://universalstudiosdubailand.com/

Here is still the Leftover Website Of Universal Studios Dubailand
and i am probably sure they will re-fix the website.