An English engineering firm (Walter Basset) built the giant Ferris wheel from 1896-97. Others of the same era, built for world exhibitions and other parks in Chicago, London, Paris, etc. have long since been torn down. The Riesenrad has become a well-known symbol of Vienna, featured in many movies (most famously in The Third Man) and picture postcards. It has 15 gondolas, some of which are incredibly ornate and large enough to host an extended family inside, offering a spectacular panorama of the city. Additionally, the cabins are available to rent, for cocktails, dinners, or special events. The travelling time is 10-20 minutes.

The Wiener Riesenrad (German: [ˈviːnɐ ˈʁiːzn̩ˌʁaːd]; 'Vienna Giant [Ferris] Wheel'), or simply Riesenrad, is a 64.75-metre (212 ft) tall Ferris wheel at the entrance of the Prater amusement park in Leopoldstadt, the 2nd district of Austria's capital Vienna. It is one of Vienna's most popular tourist attractions, and symbolises the district as well as the city for many people. Constructed in 1897, it was the world's tallest extant Ferris wheel from 1920 until 1985.