Bahrain-based investment bank Gulf Finance House (GFH) has presented the masterplan and the various elements of its mega $3.8 billion mixed-use entertainment project in Dubai: Legends -Dubailand.

GFH also announced that Saudi Arabia-based real estate and investment firm Tanmiyat Group has joined the project as a strategic investor underwriting 40 per cent of the upcoming $302 million private placement floatation for the first phase of the project.
The group will also be responsible for the project management and design for the first phase of the project.
At the core of the project, which comprises six main components, are three world-class theme parks, which together will constitute the largest indoor theme park in the world. The three theme parks at Legends-Dubailand are Legends of Arabia, Legends of Nature and Legends of the World – all of which are inspired by the magic of mythology, natural wonders, and sensational places on the planet.
The Legends Leisure Complex is envisaged as a vibrant mixed destination for family entertainment, complete with innovative retail concepts within a themed environment. Further, the development will also feature four themed hotels, three of which will be based on Arabian, Caribbean and medieval concepts, respectively. Apartment complexes will envelope this destination.
Legends-Dubailand will also feature a golf course which will split this energy-bustling atmosphere from the tranquil residential component of the project – Living Legends – comprising independent and semi-detached villas.
The final component of the project –Trade Legends – will further offer offices, while featuring a covered arcade that envelopes all the various elements.
The first phase of Legends-Dubailand is set to begin in March 2005 and will be completed by 2007, when the first of the theme parks – Legends of Arabia – is scheduled to be operational.