Who Owns Dubai Parks and Resorts?
Dubai Parks and Resorts is one of the most popular entertainment destinations in the Middle East. It is a massive complex that offers a variety of attractions, including theme parks, water parks, and a retail and dining district.
Many people often wonder who owns this impressive entertainment hub. Let’s explore!
Overview of Dubai Parks and Resorts
Dubai Parks and Resorts is located in Jebel Ali, a major leisure destination in Dubai, United Arab Emirates. The complex spans over 25 million square feet, making it one of the largest theme park resorts in the Middle East.
The destination consists of three main theme parks: Motiongate Dubai, Bollywood Parks Dubai, and Legoland Dubai. Each park offers unique experiences for visitors of all ages.
The Ownership Structure
Meraas Holding:
The ownership of Dubai Parks and Resorts lies under Meraas Holding, a leading development company based in Dubai. Meraas Holding is known for its involvement in various sectors such as real estate, hospitality, healthcare, and entertainment.
Meraas Holdings’ Vision
Meraas Holding aims to create innovative projects that enhance the quality of life for residents and visitors in Dubai. They strive to develop unique destinations that contribute to the economic growth and diversification of the region.
Joint Venture Partnerships:
In addition to Meraas Holding’s ownership, Dubai Parks and Resorts has formed joint venture partnerships with renowned international entertainment companies:
- Comcast NBCUniversal: Comcast NBCUniversal holds a 51% stake in the joint venture partnership with Meraas Holding. It brings its expertise in theme park operations, content creation, and marketing to Dubai Parks and Resorts.
- DXB Entertainments PJSC: Formerly known as Dubai Parks and Resorts PJSC, DXB Entertainments is a publicly listed company in Dubai. It owns the remaining 49% stake in the joint venture partnership.
The Future of Dubai Parks and Resorts
Dubai Parks and Resorts has already established itself as a must-visit destination for locals and tourists alike. The ownership structure involving Meraas Holding, Comcast NBCUniversal, and DXB Entertainments ensures a strong foundation for its continued success.
The resort continues to expand its offerings with new attractions, shows, and experiences. It is part of Dubai’s vision to become a global entertainment hub, attracting visitors from all over the world.
In Conclusion
Dubai Parks and Resorts is owned primarily by Meraas Holding, in partnership with Comcast NBCUniversal and DXB Entertainments. This collaboration brings together local expertise with international entertainment industry knowledge to create an exceptional experience for visitors.
With its diverse range of theme parks, Dubai Parks and Resorts promises endless fun for families, friends, and thrill-seekers. Plan your visit today to immerse yourself in this extraordinary entertainment destination!