Land 1 room Ras Al Khaimah, UAE
UAE, Ras Al Khaimah
€9,21M
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PLOT NEAR THE CASINO
A development project with a plot for construction on the island of Al Marjan Emirate of Ras Al-Khaimah is being sold
G+7
Plot: 80,000 sf
AED 35 million Aed
Excellent investment offer plot for hotel construction 5*
next to the first casino in the UAE Wynn Al Marjan Island Resort – complex with a casino, the construction of which is carried out on the island of Al Marjan Emirate of Ras Al-Khaimah.
The resort's doors will only open in 2027, but render images make it clear that it will become a new architectural landmark of the United Arab Emirates.
As reported in the Wynn Resorts network, the resort in Ras Al-Khaimah will have an area of 18,500 square meters and will exceed the size of a similar casino hotel in Las Vegas.
The cost of construction is estimated at 14 billion dirhams, Wynn Al Marjan Island Resort will offer 1,500 rooms, suites and villas, 24 restaurants, shops and spa salons will operate on its territory.
The resort will be designed for both one-day visits and multi-day stays. In particular, in the evenings guests will be waiting for ultra-modern laser and light shows.
Wynn Al Marjan Island Resort will be the first hotel in the UAE with a casino and, according to experts, will change the rules of the game in the tourist market of Ras Al-Khaimah.
The targets of the tourist flow, previously designated by the local tourism development department, are 3 million tourists. Thanks to the opening of the new resort, the Emirate will not only receive more tourists, but can also expect a general recovery of the economy.
The largest increase in tourist traffic is expected in the year of opening of the resort. In 2027, Ras Al-Khaimah can visit 3.8 million tourists. Thus, the average annual growth rate will be 28% compared to 2022. Do not forget that the resort will help create a large number of new jobs.
The Emirate of Ras Al-Khaimah is currently updating the legislative framework and writing gambling laws, taking as a model the rules in force in Singapore and the United States.
The Office for the Development of Tourism of Ras-Al-Khaimah has established a new department to regulate the activities of «game institutions, which will deal with licensing, taxation, operations and consumer protection.
Object number: #254/544753/8864
Updated at: 02/04/2024
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UAE, Ras Al Khaimah
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