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Capturing Bollywood magic in a theme park

08.11.2014
Capturing Bollywood magic in a theme park
The possibilities are endless for a Bollywood theme park, according to Raed Al Nuaimi, CEO of Dubai Parks and Resorts. Bollywood is a big part of the lives of many UAE residents and soon they may be able to see some of the most colourful aspects of the industry in a brick-and-mortar themed destination, according to Gulf News.
Raed Al Nuaimi, CEO of Dubai Parks and Resorts, believes the formula exists to make such a transition work. “There are an estimated three billion Bollywood fans who live within a four-hour flight’s radius from Dubai,” said Al Nuaimi, who is himself quite a follower of Bollywood, having watched the biggest blockbuster ‘Sholay’ quite a few times. “If a Bollywood themed destination has not been attempted before, it does not mean it cannot be. Studios in the West have had themes from their movies translated into physical attractions, and successfully too. We intend to do the same with Bollywood."
“We have confirmed working relationships with some of the biggest names in the trade such as Shahrukh (Khan), Aamir (Khan), Salman (Khan), Hrithik (Roshan) and Farhan Akthar, and the businesses they are associated with. There will be superhero attractions (Ra One) and live entertainment at a stand-alone theatre in Dubai."
“We will not stop with having just a few concepts to bring out what people expect from a Bollywood theme park. The possibilities are endless, more so because we are building from scratch.”
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1 hour

Contract of the lessee and agency.

Required documents:

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Ad placement

1 day

Ad placement:
  • 20 real estate portals;
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  • profile exhibitions, etc.
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Up to 2 days

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Expenses of the seller:

None

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1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
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1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
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Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

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1 day

Reporting
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5% of the annual rental price

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1 hour

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From 3 days

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1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
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  • 0% when investing in a new building
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