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Dubai water parks make a splash
Dubai’s Aquaventure and Wild Wadi have both been ranked among the world’s top water parks. Both made it into a list of the top 20 worldwide, compiled by AECOM and the Themed Entertainment Association.
5,000 new homes at bargain prices in Dubailand
More than 5,000 new homes are about to come on the market at bargain prices in Dubailand, the Dh235 billion (US$63.98bn) master-planned development off Emirates Road. Sale and rental prices in Dubailand are already 20 to 40 per cent less than in comparable Dubai neighbourhoods, agents say.
Disney says ‘no plans’ to open theme park in Dubai
US entertainment giant Walt Disney Company said it has no plans to open a resort in the Middle East, but said Dubai was an “attractive” market for development. The company was mooted as a potential partner for stalled entertainment resort Dubailand, which last week said it was in talks to agree four deals with leisure firms by end-2011.
Tenants flock to Dubailand as rents become more attractive
If you are looking for a good rental deal this summer, try Dubailand. Market experts estimate supply in the new community to reach around 4,200 units of which 60 per cent will come into the lease market.
New projects in planning stage at Dubailand
Dubai Properties is planning new projects in Dubailand, the mega development to the southeast of the main city that has seen uneven progress in its many sub-projects since the economic crisis. Khalid Al Malik, CEO, said the company is evaluating the new ideas and is “in negotiation with three clients to do big projects.”
Dubai has ‘more than enough’ malls, says BinHendi
Dubai cannot sustain any more mega-malls in an already glutted retail market, the head of one of the UAE’s largest retail conglomerates said Monday. “If anyone wants to add another mall, they need to visit a psychiatrist.”
Dubailand back on track by year-end, says developer
Dubailand, the multibillion-dollar real estate project backed by Dubai Properties Group, is in talks with developers to review their contracts under a wider restructuring plan that aims to get the project back on track by the year-end.
Aqaba to get Dh3.67b theme park
A Jordan-based investor is planning a Dh3.67 billion Disneyland-type themed entertainment resort in Jordan’s southern port city of Aqaba featuring attractions inspired by the Hollywood hit movie Star Trek.
