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.
Wynn AI construction progress for November 2024.
Premium real estate in Dubai. Ras Al Khaimah
The development of Al Marjan Island has significantly raised the profile of Ras Al Khaimah as a leading tourist destination. Time to Dubai Airport – 45 minutes, to Ras Al Khaimah Airport – 30 minutes. There are already luxury hotels, luxury residential complexes, fashionable restaurants, and a casino will soon open (Wynn AI interactive gaming resort).
The Ras Al Khaimah housing market is growing faster than the Dubai real estate market. In 2024, according to the emirate’s municipality, sales increased by 118% compared to 2023, reaching a record 15.08 billion dirhams ($4.1 billion). Ras Al Khaimah is attractive to local and foreign investors due to the fact that premium real estate offers are more affordable here than in Dubai.
We recommend that everyone who wants to successfully invest in premium real estate in Dubai pay attention to the latest lots in projects under construction: there are only three options, we will talk about them in detail below.
Prestigious apartment complex with sea views
Prestigious complex of 412 apartments and 11 townhouses. Apartments with a view of the sea, but not of the casino. This is the other side of the archipelago compared to Wynn AI.
A special feature of the project is a large private adjacent area, where there will be an open-air cinema, a barbecue area, tennis courts and tennis courts, a yoga lawn, a children’s pool, an infinity pool with a pool bar, an outdoor gym and a play area for children.
Example of an apartment available. Apartment with sea view on the ground floor with one-bedroom, total covered area – 83.94 m2, balcony – 57.29 m2. USD $559,198.
The latest residential project on the first line of Al Marjan Island
Modern residential building opposite The Wynn Casino with direct access to the beach. In total, the project has 151 residences: studio apartments, one-bedroom and two-bedroom apartments. Some apartments overlook the island, some overlook the sea and the casino. The project infrastructure includes a swimming pool, a modern gym and a stylish co-working space.
The expected completion date is the 4th quarter of 2027.
Example of an apartment available. Apartment with sea and casino views on the ground floor, one bedroom, covered area 61 m2, balcony 5.11 m2, USD $577,008.
Luxury residential project overlooking the casino
The project is a residential complex of nine-story buildings with communal swimming pools for a total of 88 apartments. One-bedroom lofts, as well as 2- and 3-bedroom apartments. Some overlooking the island, some overlooking the bay.
Example of an apartment available. Apartment with sea and casino views on the 7th floor, one bedroom, covered area 107.84 m2, balcony 27.88 m2, USD $1,233,144.
Don’t hesitate to contact APEX to get to know more about those real estate projects. You can purchase real estate by contacting APEX, and also receive a UAE residence permit (UAE Golden Visa) for 10 years with the right to extend it.
