In the wake of the new economic strategy of the local authorities, premium real estate in Dubai began to be dynamically rebuilt in new locations. In particular, due to the fact that in order to obtain a UAE residence permit, it has become possible to invest in a property at any stage of construction.
In 2024, APEX Capital Partners announced landmark projects in the Ras Al Khaimah archipelago, near the region’s first casino resort, Wynn Al Marjan Island, from a hotel operator renowned for its casino hotels in Las Vegas, Boston and Macau. Wynn AI plans to open in early 2027. In November 2024, the resort officially announced that 55% of the structural concrete work had been completed. The construction crew is reported to be building one floor per week: in 100 days, the resort tower has grown by 44 meters.
Of course, Wynn AI for the archipelago will become the epicenter for the development of all infrastructure around it. It is expected that from the moment of the launch of this resort, the cost and prestige of real estate, in particular, and its rental, will increase sharply.
