Disney’s new waterfront resort will be built next to SeaWorld, Ferrari World and Warner Bros. World theme parks on Yas Island in the United Arab Emirates.

Disney announced plans for its first Middle East theme park in Abu Dhabi, which will be fully indoors to combat extreme heat. Local developer Miral Group will fully fund, build, and operate the park, leveraging advanced technology and Disney's global expertise.

Could a Disney vacation in Abu Dhabi be a bargain compared with the American equivalent? Travelers may think of the Middle Eastern destination as a place of unbridled luxury, replete with Michelin-starred restaurants and hotels whose rates can run as high as $1 million per week.