Dubai F1-dedicated them park back on track



Linkedin Twitter

Dubai F1

Dubai’s proposed theme park dedicated to the F1 car racing is back on track after initial plans were put on hold in the aftermath of the global financial crisis.

Dubai-based Union Properties has finalized plans to build a $163.35mn mixed-use project in Motor City, which includes the theme park, the company’s chairman, Khalid Bin Kalban, was quoted as saying in local news media reports.

Initial plans by Union Properties for a $544.49mn F1-X Dubai were put on hold due to the financial crisis. “The land was allotted to a theme park development, but a feasibility study said the cost would overrun to as much as $544.49mn. We have now redesigned the land usage plan, with 50% of the land allotted to a theme park and the remaining 50% to a mixed-use development,” Kalban said.

“The revised masterplan has been approved by Dubai Municipality, but is awaiting clearance from Dubailand, the master developer who was insisting on the theme park as it used to be. But that is not possible,” Kalban said.

Though the original Motor City master plan included seven hotels, Kalban said the company has stripped back its ambitious hospitality development plans to developing only three hotels. “We are executing the Motor City master plan, but with slight changes because market dynamics have changed. It is the most prosperous community in Dubailand. We want to capitalise on it,” he said.

Coliseum is a global series of stadium and arena business conferences and a sports venue news online-platform dedicated to the various challenges of designing, constructing and operating of sports venues all around the world.

Continue to follow Coliseum for latest updates on stadium business.




« Previous News:
» Next News:


More News

Coliseum Online Week US 2020 press release visual

‘Coliseum’ all set for US online conference

Published: October 1, 2020

‘Coliseum’s’ forte lies in its international conferences held every year. Due to the unique... » Read more

Abu Dhabi F1 pushing for fan return

Fans at Abu Dhabi Grand Prix touchy issue

Published: October 1, 2020

An Abu Dhabi tourism official told mediapersons that they are keeping fingers crossed as regards... » Read more

NBA wants to start new season in January 2021

NBA caught in COVID conundrum

Published: October 1, 2020

The National Basketball Association (NBA) Commissioner, Adam Silver, told before mediapersons that... » Read more

Netherlands no fans for 3 weeks

Netherlands ‘no’ to fans as COVID see-saw on

Published: October 1, 2020

League football resumed in Netherlands in September with 15 to 35 percent of the stadium available... » Read more


Newsletter sign-up