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Dubai Parks & Resorts says Costs Higher than Anticipated

entrance to bollywood parks

Dubai's mega-theme park resort, Dubai Parks and Resorts, has said it anticipateshigher costs than previously thought in its first full year.

The operating company, DXB Entertainmentsrevealed with its Q3 results itstotalassets atDhs12bn ($3.26bn) and it estimatedrevenue outlook for its first full year at Dhs2.4bn ($653.4m).


“However we expect to see a slightly higher cost structure than originally anticipated largely due to an increase in staff costs and facilities management costs. The company continues to identify means to mitigate these costs, ” itsaid.

Although originally planning to open all four parks on the same date, the openings are in fact slightly staggered.The first, Legoland Dubai-together with the adjacentRiverland entertainment district -opened on October 31st and Bollywood Parks and the movie-themed Motiongate will follow on November 17th and December 16th respectively.

DXB Entertainments'CEO Raed Kajoor Al Nuaimi, said analysts forecastinternational sales efforts to generate70% of visitors to the theme parks powered byby marketing activitiesin China, Nigeria, Russia, Saudi Arabia, the UK, GermanyandIndia.

Dubai theme park operator DXB Entertainments says costs higher than anticipated