With its incredibly beautiful beaches, holidaymaker friendly atmosphere and wildly cosmopolitan flair, Dubai is attracting investors, expats and retirees from all over the world. As its population explodes, moving closer to the targeted doubling in 2010, many wonder what else might happen here that could possibly draw more interest. Well, it seems quite a lot.
Taking off on the idea that Dubai has become the playground to the world, the Emirate is in the midst of adding greatly to its entertainment options. From the USD 11 billion Arabian Canal to the new cricket facility, work is already well under way to make sure visitors and emigrants here have plenty of fun things to do. These projects however, are not the only ones in play to ensure Dubai’s standing as a major holiday destination. To bring the Emirate to the next level, it’s decided to add some of the stars and sparkle of America’s Hollywood and buying property in Dubai is getting a boost from Hollywood as a result.
According to American entertainment trade magazine Variety, the Emirate is soon to be the home of several Hollywood-driven theme parks. These parks are expected to bring in some major revenue for their American counterparts and add greatly to Dubai’s draw as an international holiday destination.
Several high-profile park projects are on the drawing board and moving forward. They include:
A Marvel comic-based theme park – who would have ever thought the Incredible Hulk would want to get a sun tan? It seems he does. Marvel Entertainment inked a deal in April to open a USD 1 billion theme park in 2011, based on Marvel’s library of superheroes. The Hulk, Spider-Man and the X-Men will be taking up residence in the desert soon. The deal was sweetened by the announcement that Nickelodeon properties, such as SpongeBob Square Pants and Dora the Explorer, would join the superheroes at the park. This will enable the park to have a widespread appeal with both children and adults.
Universal City – Universal is building a 505-acre development dubbed Universal City Dubailand. The development will open in 2010 and include a theme park, hotels, restaurants and more, for a total price of about USD 2 billion.
Paramount – this movie company is in the process of working a USD 2.5 billion deal with Ruwaad Holdings to bring parks and rides based on its hits to the Emirate. Some of the movies mentioned by Variety that the park will bring to life include “Top Gun” and “The Godfather.” There’s no word on when this one will open though…
With interest in Property in Dubai as an investment asset already incredibly high, these projects are likely to only add to the appeal. By giving residents and holidaymakers even more to do, they will no doubt increase Dubai’s already strong standing as a major destination for holidaymakers from all over the world. This of course is good news for property investors in Dubai who want to cash in on the incredible tourism potential.
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