Dubai’s Resorts and Parks begin to Lease Retails and Dining Components in Riverland | Push Digits Chartered Accountants

Dubai’s Resorts and Parks begin to Lease Retails and Dining Components in Riverland

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The entry plaza will include around fifty outlets, all devoted to customer satisfaction, along with different dining choices.

Dubai Parks and Resorts, which is a developer for huge theme park developments within Dubai, has initiated leasing out both dining and retail units in Riverland, which is considered to be the entrance plaza of the project.

Around 220,000 square feet of dining and retail have been made public at Riverland. This area is known to be the connecting spot for three of the major theme parks around.

Inspired by other worldwide attractions, such as Times Square in New York, Covent Garden in London, and Las Ranblas in Barcelona, the developing company hopes to attract people from all countries.

Riverland is projected to include over 50 openings and outlets. According to the CEO of the company, Raed AlNuaimi, every visitor will have to pass through Riverland Dubai in order to come into any of the four parks.

Initially, there will be a strip following the design of a French village, with live street presentations and performances, in addition to sceneries featuring turrets, towers, and a running water wheel.

After the visitors cross the entrance, they will be guided to several spontaneous dining choices, some set in the 1950’s of America, with live amusement from musicians, stilt walkers, and jugglers.

Riverland will, moreover, include a project called India Gate, which will show wonders from all over India along with casual dining openings offering both Asian and Indian cuisines.

Eventually, the entrance plaza will come to The Peninsula, a retail and dining strip in Riverland bounded by a curving river. The location will hold several open festivals and concerts for guests.

In 2012, Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, made the announcement regarding this AED 10.5 billion development projected by Dubai Parks and Resorts.

Situated in Jebel Ali, the development will include three focal theme parks. Motiongate Dubai will be Hollywood-themed, and others will be Bollywood Parks and Legoland of Dubai. The much-awaited project will also feature a household themed hotel, called Lapita.
After listing itself last year in Dubai, the company raised AED 2.5 billion from the subscription.

Set to open in the October of 2016, the theme park is targeting to net AED 2.4 billion in profits and AED 6.7 million in tickets sold to visitors, just in its first full operative fiscal year.


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