DUBAILAND property: A big boon to Real Estate in Dubai

A Dh235bn popular master property in Dubai, DUBAILAND is presently in talks with international technology allies to endow with a single-window access to all the attractions once completed, a top official believed. Dubailand is an element of the vision of the government to strengthen the tourism of the emirates and its travel industry, as a part of its plan for economic diversification. The project, launched by His Highness Shaikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai in 2003, is intended at reinforcing the position of Dubai as a preferred tourism destination.

This project which holds a major part of Dubai real estate is expected to boost UAE tourism currently gripped by global crisis. Dubailand, which covers three billion square feet of land, will be double the size of the theme parks in Orlando, when completed. Among the Dubailand attractions, Global Village, Motor City, Dubai Sports City have delivered parts of the projects while hectic activities are going on at all major theme parks.

'We are hearing a lot of negative things about Dubailand, I think the initial problem with Dubailand was that the sub developers had no idea how to build theme parks,' Attala said. 'They had no idea what they were getting into. Building a theme park is not as simple as constructing a hotel’, held Claude Attala, Managing Director, Business Development, North Course, Middle East.

And despite the shortcomings, Dubailand is poised to be a huge attraction for the emirate. 'Dubailand will be a great indicator of where Dubai is going,' Attala said. 'It will be a bit of an embarrassment if they fail, but I don't think they will. I am a believer in the Dubai story. Once they put their mind to something it usually gets done.'