Dubai: Meraas, a Dubai-based real estate company, Tuesday announced the launch of Dubai Adventure Studios, a movie-based theme park that will be located at its master development in close proximity to the Arabian Ranches intersection.
Dubai Adventure Studios will form Phase-1 of a three-phase project spread across eight million sq. feet. Hosting major US-based movie IPs, the two million sq. feet park will be developed with an estimated investment of AED2.2 billion. Work on the project is scheduled to begin in early 2012 and completed towards the end of 2014.
The movie-based theme park will comprise five zones featuring the latest-in-technology games and new-generation rides, in addition to hospitality and F&B zones to shape an all-inclusive entertainment destination that meets visitors' needs.
Sina Al Kazim, Chief Business Development Officer, Meraas Holding, said: "Meraas recognizes the need for a theme park in Dubai that will complement the UAE's growing popularity as a tourism hub. Dubai Adventure Studios will offer a truly unique experience that will set a distinctive benchmark in the evolution of the theme park industry."
Dubai Adventure Studios will take centre stage at the Meraas stand in the 2012 Arabian Travel Market Exhibition (ATM) that will be held from 30 April - 3 May at the Dubai International Convention and Exhibition Center.
Meraas is a Dubai-based real estate company with operations and assets in the UAE and overseas. It operates with a mission to create integrated master-planned communities that embody global standards of sustainability and quality.
Meraas is a leading development company in the UAE that is focused on real estate development and management across a wide sector of areas. Set up in 2007, Meraas has a specific focus on developing holistic customer centric communities where people can come to work, live and play in one integrated environment.