Casino Giant WYNN Resorts is planning a $4Billion Dollar project in the UAE
Hotel and Casino Giant Wynn Resorts To Spend $4 Billion to Open a 1,500-Room Resort in the UAE, Shaping Up to be “Larger than its U.S. gaming venue” in Las Vegas, Nevada.
According to recent news reports, premier casino developer and hotelier Wynn Resorts has has planned a massive multi-billion dollar project to open in 2027 in Ras al Khaimah, and will include a hotel, restaurants, spas, entertainment, and gaming. Ras Al Khaimah is a approximate an hour drive from Dubai, the gateway to the region.
Wynn Resort’s press release states that “the region offers tremendous potential for the hospitality and tourism industry,” according to the brand’s CEO.
Dubai has already been crowned the #1 global destination for the 2nd year in a row according to Forbes and CNN, and is ranked as the #1 ultra luxury prime real estate market in the world, with significant capital appreciation and rental returns, and no property taxes.
Known for its unique landscape, stunning architecture, luxury shopping, and vibrant dining and nightlife, this planned resort is a new reason to purchase investment property in the “city of gold” of Dubai, as it will continue to drive tourism and business to the area.
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