Dubailand 'still going ahead'

25/08/2009 - Dubai Investment News
Dubailand 'still going ahead'

Bob Brunskill

A theme park to rival those in the US is still going ahead despite the economic downturn, people with property for sale in Dubai may be pleased to hear.

Dubailand is set to become a huge amusement complex, which is expected to be twice the size of Disney World and include resorts, shopping malls, Tiger Woods's golf course and a Universal Studios theme park.

According to a report by the Associated Press, the development has slowed due to financial pressures caused by the economic downturn.

However, Dubailand senior vice president Mohammed al-Habbai told the news provider that it is still going ahead, which may be welcome news to those with property investments in Dubai.

"There is no change to the vision of Dubailand and we can reaffirm that all our projects will be developed and delivered to completion," he said.

Mr al-Habbai added the project "was designed as a phased development to be built over a number of years".

Meanwhile, a new Sega Republic theme park has opened in Dubai, including over 150 games and nine rides, such as the Sonic Hopper, Halfpipe Canyon, Spin Gear and Storm-G.