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Construction Paradise
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Name: Arabian Legends
Location: Dubai Land / Eco Tourism World
Cost: $300m
Area: 25m sqft

designed in typical arabic architecture
a combination of dubai's history and modern technologies
located in the heart of dubailand
divided into 5 parts:
Tales of the City, Tales of the Sea, Tales of the Desert, Tales of Adventure and Travel and Tales of the Future

possible total investment: $1.5bn



 

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, , and , Fade to Black.
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7,961 Posts
So over used
"This project is One Dubailand's most unique projects"
"This project will boost the positioning of Dubai and will be one of our leading attractions for tourists to come to Dubailand"
they say this about every project these days.

Not sure this project get my interest much. I sounds quality just don’t see it a popular as some of the others





here's the official press release:

Gulf Finance House plans USD 1.5 billion investment in theme park resort in Dubailand
In a significant development, Bahrain-based Islamic investment major Gulf Finance House (GFH) marked its entrance into the entertainment and leisure development sector in Dubai today, with the signing of a theme park resort in Dubailand.



Mr. Mohammed Al Gergawi, Chairman of the board of DDIA and Mr. Esam Janahi, CEO of GFH.

The agreement provides for GFH and partners to co-develop the Arabian Legends Theme Park Resort (Arabian Legends) within the ambitious Dhs 18 billion Dubailand development, which is designed to create one of the regions single largest destinations for entertainment, tourism and leisure facilities.

Mr. Mohammed Al Gergawi, Chairman of the board of DDIA and Mr. Esam Janahi, CEO of GFH, signed the agreement at a ceremony attended by senior officials and dignitaries. 'We welcome GFH's decision to be part of Dubailand. We see Dubailand as a regional facility that will draw international tourists to the Gulf and Arab world. With a regional conglomerate joining us as a partner, the venture supports the spirit of Dubailand, and the quality that is achieved with this union heightens Dubailand's image of being a facility that is truly luxurious and high quality. We encourage other regional entities to follow the example set by GFH and help us create a truly exceptional facility."

Mr. Al Gergawi added: 'Dubailand is a strategic milestone in the development of tourism and leisure. We are confident that GFH will bring in the expertise and attract the knowledge of strategic investors to Dubailand in the hopes to generate lucrative opportunities for the expansion and development of this multibillion dollar project.'

He said the Arabian Legends Theme Park Resort will span over an area of 25 million square feet and is a singularly attractive majestic and fascinating leisure and cultural project, which is designed in traditional rich colours and opulence related with exquisite Arabic architectural creativity.

'Arabian Legends is one of Dubailand's most unique projects. A combination of rich Arabian heritage and modern technology is truly a luxurious blend of cultures,' Mr. Al Gergawi added.

Unveiling details of the partnership Mr. Esam Janahi, CEO of GFH said: 'It is a matter of pride and prestige for us to be part of this unique project that will certainly add more value to Dubai's image on the global tourism map. GFH and its development partners in this project – Edifice, Jean Michel-Ruols Architectes and Glen Corporation – will develop the theme park in line with its concept that emphasises regional culture based on legendary themes and landscapes capturing the essence of Arabian history and traditional values.'

He said GFH partners in the Arabian Legends were world-class entities with proven track record from across the globe. Edifice, the design and project management consultancy, under its principal, Shahram Foroughi, is famed for its involvement and development of a number of leisure and entertainment projects including Euro Disney Paris, Asterix Theme Park in Paris, Dubai's Wild Wadi and Adventureland in Sharjah etc.

Jean-Michel Ruols Architectes is one of the top leisure designers and specialists who are based in France and have designed prestigious projects such as Asterix Theme Park in Paris, Caldea Thermal Centre in Andorra, Waterpark in Mumbai, and many others. Edifice and Jean Michel-Ruols Architectes are also involved in the development of the GFH-promoted US$600 million Al Areen Desert Spa and Resort in the Kingdom of Bahrain and Dubai Heritage Vision in Dubailand.

Glen Corporation, involved in indoor and outdoor amusement operations, have been offering consultancy services to many Asian and Middle East leisure entertainment centres. Its principal, Glenn Figueroa is third generation in the industry and is currently operating Adventureland in Sharjah, UAE. Other projects in the pipeline will position Glen Corporation as the leading leisure operator in the Middle East.

Mr. Janahi said: 'We are looking at an investment size of US$1.5 billion (AED 5.50 billion) in Arabian Legends. We are committed to our shareholders to invest in real estate assets which promises high returns and we are confident that Dubailand is a sterling opportunity.'

He said the Arabian Legends Theme Park Resort will have the most thrilling game rides and attractions unmatched anywhere in the region making it a unique leisure and entertainment destination.

'The Arabian Legends Theme Park is central to the Dubailand project. In the context of the rapid economic diversification that is happening in the UAE and the aim of developing more non-oil revenues, the Dubailand project has a strategic significance,' Mr. Al Gergawi said.

The concept of Arabian Legends is themed into five unique segments – Tales of the City, Tales of the Sea, Tales of the Desert, Tales of Adventure and Travel and Tales of the Future – offering a wide range and variety of rides and entertainment to visitors.

'We are absolutely confident that Arabian Legends will boost the positioning of Dubai and will be one of our leading attractions for tourists to come to Dubailand. Tourism is a major focus area for Dubai and it is expected that the emirate will attract some 15 million or more tourists by 2010. It is certain that Dubailand will accelerate the growth of both tourism and the hospitality industry in turn catalyzing the local economy,' Mr. Al Gergawi added.
 

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i though Pharaohs Theme Park was it own
But I could be wrong
we need to change the start of this thread so it starts with details
 

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lol looks like I found the article
fine I’ll take credit then
 

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Construction Paradise
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Discussion Starter #9
Legends is a major part of dubailand which comprises six smaller units, one of them arabian legends, so i decided to post it here, the other two parts yet to be launched are "Legends of Nature" and "Legends of the World".




Gulf Finance House unveils master-plan of its mega, USD3.8 billion Legends - Dubailand project

On the second and penultimate day of Cityscape, the international commercial architect and project development event in Dubai, leading Bahrain-based investment bank, Gulf Finance House B.S.C (GFH) presented the master-plan, and the various elements of its mega USD 3.8 billion, mixed use entertainment project – Legends-Dubailand.

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Left to right: Jean-Michel Ruols of Jean-Michel Ruols Architects, Mr. Shahram Foroughi, Managing Director, Edifice, Sheikh Sulayman A. Al-Majed, General Manager, Tanmiyat Group, Mr. Esam Janahi, Chief Executive Officer (CEO), GFH, Mr. A. Rahman Mohammed Al Jasmi, Chief Placement Officer, GFH, Mr Ahmed Al Qutan, Chief Investment Officer, GFH and Mr Keith Palker, Managing Director, PM Realty Gulf

GFH further announced that the leading Saudi Arabia based real-estate and investment group, Tanmiyat Group, has joined the project as a strategic investor underwriting 40 per cent of the upcoming US$302 million private placement floatation for the first phase of the project. It said that this significant step will accelerate the development of this, the first integrated resort project in the region.

'We welcome Bahrain's Gulf Finance House and Saudi Arabia's Tanmiyat Group to Dubailand. Their interest shows how truly regional a project Dubailand is,' said Mr. Mohammed Al Gergawi, Chief Executive Officer of Dubai Holding. Dubailand is part of Dubai Holding.

'Legends-Dubailand is one of a kind project. It shows others the way as to how cross-border entities can join together for the good of all. We call upon other leading institutions to look at similar opportunities, which ultimately will result in fulfilling the dream of economic integration as it cherished in the GCC's Unified Economic Agreement of 1981, said Mr. Al Gergawi in a special message to the local, regional and international media corps at the launch press conference organised on the sidelines of the Cityscape exhibition in Dubai today.

Addressing the press conference, Mr. Esam Janahi, Chief Executive Officer (CEO), GFH said: 'Legends-Dubailand, spread over 24.7 million square feet in Dubailand, will be an incredibly unique entertainment project that blends technical ingenuity with the thrills of fantasy and fables from times of yore.'

'The project further allows GFH to be a proud participant in the development of Dubailand, which is expected to attract almost 15 million tourists a year when completed,' Mr. Janahi further said, while adding, 'Legends-Dubailand represents an important diversification for GFH and we are confident that the project will mark a significant milestone within the tourism sector in the region, which is in the throes of an unprecedented boom.'

Conceived as the single largest destination for family-oriented, leisure and entertainment tourism in the Middle East, Legends-Dubailand will expertly blend technical ingenuity with the thrills of fantasy and ancient fables.

Mr. Janahi further said that even prior to its launch the project had received substantial interest from the regional investor community. 'The first phase of the project, which primarily entails the creation of the basic infrastructure for the entire development, will cost US$302 million, which will be raised through a private placement initiative to be launched shortly. However prior to the formal floatation, we have already received commitments in respect of 40 per cent (US$ 120 million) from the leading Saudi-based Tanmiyat Group.'

Mr. Sulayman A. Al-Majed, General Manager, Tanmiyat Group, said: 'As a group that is in the forefront of identifying unique real-estate investment opportunities across the region, we are proud to be associated with a project of this magnitude and stature. As strategic investment and development partners for the first phase of Legends-Dubailand, we will endeavour to create a solid infrastructure environment for the development of the entire project.'

The Group will also be responsible for the project management and design for the first phase of the project.

At the core of the project, which comprises of six main components - are three world-class theme parks, which together will constitute the largest indoor theme park in the world. The three theme parks at Legends-Dubailand are Legends of Arabia, Legends of Nature and Legends of the World – all of which are inspired by the magic of mythology, natural wonders, and sensational places on the planet.

The Legends Leisure Complex is envisaged as a vibrant mixed destination for family entertainment complete with innovative retail concepts within a themed environment. Further the development will also feature four themed hotels, three of which will be based on Arabian, Carribean and Medivial concepts respectively. Apartment complexes will envelope this destination.

Legends-Dubailand will also feature a golf course which will split this energy-bustling atmosphere from the tranquil residential component of the project - Living Legends –comprising of independent and semi-detached villas.

The final component of the project - Trade Legends - will further offer offices, while featuring a covered arcade that envelopes all the various elements.

The first phase of Legends-Dubailand is set to begin in March 2005 and will be completed by 2007, when the first of the theme parks – Legends of Arabia – is scheduled to be operational.

Mr. A. Rahman Mohammed Al Jasmi, Chief Placement Officer at GFH said that a consortium comprising of three leading international consultants – Jean Michel Ruols Architectes, Edifice and Glen Corporation - had been brought onto the Legends-Dubailand platform.

'GFH is proud to collaborate with these world's leading players in the leisure industry. These alliances, while ensuring the successful execution of the Legends-Dubailand project, will also serve to add a new dimension to integrated resort themed project development in the region,' he concluded.

While Edifice will provide design and project management consultancy to Legends-Dubailand, Jean-Michel Ruols Architectes will be the architects for the project. Glen Corporation has been selected as the theme park operator of the project.

Mr. Shahram Foroughi, Managing Director, Edifice, described Legends-Dubailand as a bold and new concept that would set a benchmark for integrated resort developments in the Middle East.

'At the core of the Legends-Dubailand project are its three theme parks, the success of which will be driven by a combination of innovation and creativity. We have been closely associated with the evolution of this project for the past several months and are confident that the blend of ingenuity and imagination that it represents will prove to be an unqualified success,' added Mr. Shahram Foroughi.

He said the Legends of Arabia theme park will bring to life Arabian legends and create landscapes that capture the essence of Arabian history and tradition. 'Legends- Dubailand adds a new dimension to our activities and we are looking forward to working in cooperation with GFH and our other partners,' Mr. Shahram Foroughi added.
 

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Construction Paradise
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Discussion Starter #10
Saudi group buys 40% of US $3.8 billion Legends Dubailand

A Saudi investment group has committed US $120 million in the company that is being formed to promote the world’s largest indoor theme park, the $3.8 billion mixed-use Legends-Dubailand project. The holding company, being formed by Bahrain-based Gulf Finance House through a private placement, will be capitalised at $302 million and will be registered in Dubai.

“Sheikh Sulayman Al Majed of Tanmiyat has committed to 40% of the holding company’s capital,” said Esam Janahi, GFH chief executive, while announcing details of the project.

Ahmad Al Qattan, GFH chief investment officer, told Construction Week that the group has shortlisted the project manager for Legends–Dubailand. It is an international name and will be announced shortly. Jean Michel Rouls is the architect for the project and Edifice of Shahram Faroughi has provided design and project management consultancy. Glen Corporation will be the theme park operator.

GFH is in negotiations with property management consultants, and has a short list. “We are negotiating with international names and we will shortly announce this too. We also have a feasibility study consultant,” Al Qattan said.

He explained that studies are at an advanced stage and that the group is in the mobilisation phase. Actual site mobilisation will start by the middle of next year. “The project will be carried out in three stages. We will have the first phase operational by 2007 with the first theme park of Legends of Arabia. The second stage will be completed by 2010 and the third and final phase by 2013.”

Speaking on the sidelines of last week’s Cityscape, Janahi explained that the project will be financed in phases. “We have 10% as equity that will be used for infrastructure. We will create project finance for each cluster as it develops. We project a 20% internal rate of return,” Janahi said.

Al Qattan said revenues would kick in much earlier than the operational first phase with the sale of freehold homes on the development. He explained that the project will be developed in close partnership with Dubai Holding, which is promoting the vast 200 million m² Dubailand. In a statement, Mohammed Al Gergawi, Dubai Holding chief executive said: “We welcome Bahrain’s Gulf Finance House and Saudi Arabia’s Tanmiyat Group to Dubailand. Their interest shows how truly regional a project Dubailand is.”

Providing details of the project, designer Shahnam Faroughi said the project will have seven main components, at the core of which will be Legends of Arabia, Legends of Nature and Legends of the World. The complex will be spread across 300 000 m² and will be the largest indoor theme park in the world.

The Legends of Arabia will have five theme areas; the Legends of Nature will have a biodome to showcase diversity of the climate and the Legends of the World has been inspired by people and places. The complex will have a Legends Leisure Complex that will offer entertainment, retail and fine dinning with a 16 000 unit car park. It will also feature four hotels, three of which will be themed on Arabian, Caribbean and medieval concepts. Apartment complexes will be part of this segment.

Legends-Dubailand will also have a golf course with surrounding villas built in what will be the Living Legends segment. There will also be Trade Legends, which will offer offices and covered arcades. “The architecture will be dramatic, reflecting Arabian fantasy,” Faroughi said.
 

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Construction Paradise
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Discussion Starter #13
GFH opens subscription for $302m Legends fund

The Bahrain-based Gulf Finance House BSC (GFH) has opened subscriptions to its $302 million private placement exercise to finance the first phase of its $3.8 billion mixed-use entertainment project - Legends- which was unveiled in Dubai last month.

Making an official announcement in this regard, a top executive of the bank said the private placement exercise has come at a time when the project- the first integrated leisure and entertainment real estate development in the region - had been successful in creating a stir among the community of regional and international investors.

Detailing the singularly unique investment proposition that Legends presents, Esam Janahi, chief executive officer of GFH said: 'Legends is located within the prestigious Dubailand development, which enjoys the full support of the Government of Dubai and is being actively promoted within the regional and international arena.'

He said the project has very high potential, particularly in the wake of the emergent tourism, entertainment and travel sectors in the region.

'Dubailand is committed to unlock the tourism potential that the region, and particularly Dubai has to offer, and Legends will add tremendous value to its positioning by being the single largest destination for family-oriented, leisure and entertainment tourism in the Middle East.'

The Legends project comprises six main components at the core of which are three world-class theme parks, which together constitute the largest climate-controlled theme parks in the world. The three theme parks at Legends are Legends of Arabia, Legends of Nature and Legends of the World - all of which are inspired by the magic of mythology, natural wonders, and the magnificent places on the planet.

'The private placement for the first phase of Legends offers a unique opportunity for investors to partner in this landmark project. The project represents an important diversification for GFH and we are confident that it will mark a significant milestone within the tourism sector in the region,' he added.

A. Rahman Mohammed Al Jasmi, chief placement officer of GFH said: 'The private placement initiative has evoked a stream of enthusiastic investor response immediately after the announcement and the 40 per cent cover by Tanmiyat is a significant indicator of the robust potential of Legends project.'

Legends is the latest addition to GFH's impressive portfolio of pioneering projects which include the $1.3 billion Bahrain Financial Harbour (BFH), and the $600 million Al Areen Desert Spa and Resort, both of which are in Bahrain.

In an effort to boost the company's operations and allow a larger section of the local and regional investors to enjoy the benefits and returns from Legends, and to offer them an opportunity to participate in Dubai's spectacular growth, discussions are intended to be held with the regulatory authorities and relevant institutions to issue a public offering.

'Legends listing on the Dubai Financial Market (DFM) would not only benefit the participants and investors of the project, but would also help in further boosting Dubai's economy and construction industry,' said Al Jasmi.

The first phase of Legends is set to begin in 2005 and will be completed by 2007, when the first of the theme parks - Legends of Arabia - is scheduled to be operational.

The other components of the project include the Legends Leisure Complex, which is a vibrant mixed destination for family entertainment complete with innovative retail concepts within a themed environment. Further, the development will feature four themed hotels, three of which will be based on Arabian, Caribbean and Medieval concepts respectively. Apartment complexes will be built around this destination.

Legends will also feature a golf course, which will be positioned in the midst of this energy-bustling atmosphere and the tranquil residential component of the project - Living Legends - comprising of independent and semi-detached villas.

The GFH is one of the leading providers of Islamic investment and commercial banking services in the region,

The final component of the project - Trade Legends - will comprise offices, while featuring a covered arcade that will accommodate all the various elements.
 

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Construction Paradise
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Discussion Starter #19
golfing legends part

Dubai is famed as a golfing destination and Legends will further define its position as a centre of golfing excellence. Legends will take the 9 best holes from around the world and combine them in one golfing experience – the result is a legendary course – Golfing Legends.


WOW!!! how will this look like. let me be the first one to play it!!!
 
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