Ras Al Khaimah, a rising star in the UAE, is set to launch its first legal casino in 2027, posing a rival market to Dubai’s real estate. Spearheaded by Wynn Resorts, this ambitious project aims to position the emirate as a formidable competitor and attract a wealthier clientele. With its sprawling luxury resort spanning 18,500 square meters on Al Marjan Island, it will claim the title of the world’s largest casino.
This groundbreaking announcement has sparked a surge in investment activity, with esteemed developers showing heightened interest and optimism in the market. The presence of this colossal casino is set to revolutionize the local real estate scene and establish Ras Al Khaimah as a dynamic and lucrative property market within the UAE.
The forthcoming luxury casino resort, poised to become the globe’s largest and first legally sanctioned casino in the UAE, is propelling Ras Al Khaimah towards a coveted status as a premium destination. This major attraction is expected to exert a substantial influence on the local real estate landscape, enticing a significant influx of tourists and visitors. As a result, there will be a surge in demand for residential properties, driving up their value and desirability.
Moreover, the development of the casino will serve as a catalyst for infrastructure enhancements, bolstering transportation links, amenities, and public facilities. These improvements will further augment the area’s allure and contribute to its overall appeal.
To oversee this momentous endeavor, the Ras Al Khaimah Department of Entertainment and Gaming Regulation was established by the emirate’s government. Since Wynn’s announcement last year, no other plans for casinos have been unveiled. Furthermore, the ongoing pandemic has played a pivotal role in boosting domestic tourism within the city, with over 1.13 million overnight arrivals recorded in 2022 alone—an impressive 15.6% increase compared to the previous year.
This surge in tourism has enticed major players in the hospitality industry, including Intercontinental Hotels Group, Movenpick, and Radisson brands, to enter the market for the first time. This influx has resulted in a remarkable 17.5% annual growth rate in hotel supply, further bolstering Ras Al Khaimah’s appeal as a burgeoning tourist hub.
Over the past decade, Ras Al Khaimah has quietly undergone a transformation, positioning itself as an alternative tourist destination to its illustrious neighbor, Dubai. The construction of the 1,500-room casino serves as a testament to the emirate’s long-term plan to establish itself as a prominent player in the tourism industry.