Dubai-based Union Properties has signed an agreement with Formula 1 owner Bernie Ecclestone to build a Formula 1 sports and entertainment park in the emirate. The approximate amount of the contract is $ 360 million. The authors of the project intend to begin construction in the second half of next year and open a park for visitors in early 2008, “Formula 1 World”, which is what the new park will be called, located on the territory of Dubai Autodrome, and will occupy an area of about 40 million square meters. feet (over 370 hectares). As the organizers promise, the park will offer all kinds of entertainment for motorsports lovers of all ages.
An entertainment park dedicated to Formula 1 will be built in Dubai
Another luxury hotel will open its doors in Dubai this year - the Canal Central Hotel in Business Bay will be launched during Eid al-Fitr in mid-June as part of a technical launch. The hotel has 280 rooms and suites with views of the Dubai Canal and Burj Khalifa, as well as meeting rooms, a gym and spa, a panoramic pool and lounges for men and women. Read More
