[2] In September 2013, the project was stopped by the Ras Al Khaimah Investment Authority (RAKIA) due to a lack of funding, as the sheikdom was in the process of restructuring its debts.
[2] The island was supposed to feature sports and entertainment facilities, a 65,000-seat stadium, a 20,000-seat arena, an amusement park, yacht club and marina, a 450-room hotel, a Real Madrid museum, and a residential area.
[7] In June 2013, RAKIA announced that construction plans were indefinitely on hold and that the resort would probably not materialize, as the sheikdom was in the process of restructuring its debts.
[3] In September 2013, Real Madrid president Florentino Pérez announced that the project had "fallen through", and that they might pursue building the park in a different location.
[10][11] In September 2014, Perez confirmed that the club still planned to construct the project in Abu Dhabi stating, "We're getting there.