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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.
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.
Diamond to build 2,500 houses amid property glut
Diamond Developers, a privately-owned builder based in Dubai, plans to develop 2,500 townhouses in the Dubai Land entertainment complex, adding homes to a market where prices have fallen by more than 60 percent.
Investors in talks to rescue Dubai Sports City projects
An Indian company will meet with a group of Irish investors in Dublin on Tuesday in a bid to strike a deal to rescue a number of projects in the Dubai Sports City development, Arabian Business has learnt.
Meydan named 2nd most important sports venue
Two other UAE venues made the 30-strong list, with Abu Dhabi’s Yas Marina Circuit the highest motor-racing venue at eight, and Dubai Sports City coming in in eleventh place.
Work starts on Dubai Lifestyle City’s hotel project
Dubai Lifestyle City in Dubailand has awarded the construction work of its JW Marriott Hotel to Saleh Constructions, part of the Saleh Bin Lahej Group, it was announced on Monday.
Dubai tennis and golf academy projects scrapped
Dubai-based developer ETA Star Group struck a deal in 2007 with US-based IMG Academies to develop a range of branded academies at the AED2.4bn ($653m) Dubai Lifestyle City (DLC) in Dubailand, including the Nick Bollettieri Tennis Academy and David Leadbetter Golf Academy.
