United Arab Emirates (UAE)-based real estate firm Meraas has announced plans to develop a new AED2.2bn (£382m, EUR459m, US$599m) movie-based theme park.

Dubai Adventure Studios will be located at Meraas' master development near to the Arabian Ranches intersection and is to form the first stage in a three-phase scheme covering 8 million sq ft (743,224sq m) of land.

The theme park itself will span 2 million sq ft (185,806sq ft) and comprise five zones, each of which will feature latest-in-technology games and new-generation rides and attractions.

Hospitality and food/beverage areas are also proposed as part of efforts to establish an "all-inclusive entertainment destination". It is hoped work will commence in early 2012, with the new theme park opening in late 2014.

Meraas chief business development officer Sina Al Kazim said: "Meraas recognises the need for a theme park in Dubai that will complement the UAE's growing popularity as a tourism hub.

"Dubai Adventure Studios will offer a truly unique experience that will set a distinctive benchmark in the evolution of the theme park industry."