The whole market is trading one event: the UAE’s first casino resort opening in 2027. That concentration is the opportunity and the risk in one sentence. Launch pricing has already re-rated twice, so the easy money is behind us; what remains is picking developers who will actually deliver into the opening, and beachfront lines over island-interior ones. Exit liquidity before the resort opens is thinner than the marketing suggests. , Equity Edge analyst note
Al Marjan Island is four man-made coral-shaped islands off Ras Al Khaimah, and since the Wynn Al Marjan resort broke ground it has become the busiest off-plan story in the country outside Dubai. Beachfront apartments here still price at a fraction of comparable Dubai coastline.
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