Building on the anticipation for the opening of the world’s largest (and UAE’s first legal) casino in Dubai in 2027, neighbouring emirate Ras Al Khaimah has now also entered the race to open the UAE’s first legal casino, also in 2027.
Ras Al Khaimah expects the new casino to give a boost to its real estate sector, with many new luxury properties and other substantial projects planned to rival Dubai and attract more of the world’s wealthy.
The 18,500sqm casino, set to be the world’s largest, will be launched as part of a luxury resort by Wynn Resorts, which will have 1,500 rooms on Al Marjan Island.
Since the gaming industry announcement, there has been a spike in investment activity and increased market sentiment from reputable developers that were not previously present in the emirate.
“With increased demand, economic growth, rising property prices and major infrastructure developments, the presence of the world’s largest casino will not only transform the local real estate landscape, but also position the city as an exciting and lucrative property market in the UAE”, Simon Quinton, off-plan manager at Colliers MENA, told local press.
