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Land 1 room Ras al-Khaimah, United Arab Emirates

United Arab Emirates
$11,34M
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Land 1 room Ras al-Khaimah, United Arab Emirates
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ID: 1776435
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In CRM: 544753
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Last update: 28/05/2025

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  • Country
    United Arab Emirates
  • State
    Ras al-Khaimah

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Plot near the casino A development project with a plot for construction on the island of Al Marjan of the emirate of Ras Al Khaimah is for sale G+7 Plot: 80,000 sf AED 35 million Aed Excellent investment offer for the construction of a hotel 5* next to the first casino in the UAE, Wynn Al Marjan Island Resort, a complex with a casino, which is being built on the island of Al Marjan of the emirate of Ras Al Khaimah. The resort's doors won't open until 2027, but rendered images suggest it will become a new architectural landmark in the United Arab Emirates. According to Wynn Resorts, the resort in Ras Al Khaimah will have an area of 18,500 square meters. m and will be larger than a similar casino hotel in Las Vegas. With a construction cost of Dh14 billion, Wynn Al Marjan Island Resort will offer 1,500 rooms, suites and villas, and 24 restaurants, shops and spas. The resort will be designed for both 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 UAE’s first hotel with a casino and will be a game-changer in the Ras Al Khaimah tourism market. The tourist flow targets, previously set by the local Tourism Development Authority, 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 in the economy. The largest increase in tourist flow is expected in the year of the opening of the resort. Ras Al Khaimah will be visited by 3.8 million tourists in 2027. 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. Currently, the Emirate of Ras Al Khaimah is updating the legal framework and writing laws on gambling, taking as a model the rules in force in Singapore and the United States. The Ras Al Khaimah Tourism Development Authority has set up a new department to regulate gaming establishments, which will deal with licensing, taxation, operations and consumer protection. Object number: #254/544753/8864

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United Arab Emirates

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Land 1 room Ras al-Khaimah, United Arab Emirates
United Arab Emirates
$11,34M
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