«Too many new buildings near the casino – won’t it be hard to rent out?». Why that’s a myth

We’re kicking off a new series where we unpack the most common questions and myths we hear from clients in 2025.

Let’s start with this one:

«Too many projects are launching near the casino. Won’t there be too much competition for rentals?»

Sounds logical—but it’s far from reality.

The UAE is gearing up for its next tourist boom. Ras Al Khaimah is about to welcome the world’s largest Wynn Casino in 2027. And the market already feels the impact: off-plan sales in 2024 jumped 118% compared to 2023. In other words, the city is taking off—and now is the time to invest.

We asked top broker Yulia Sarssam to explain why rental fears are overblown. Here's why.

Year-Round Rental Demand Is Only Growing

Tourist arrivals in Ras Al Khaimah climbed 12% in 2024, reaching 1.28 million visitors. By 2030, the government expects that number to nearly triple to 3.5 million. All thanks to the buzz around the casino.

Everyone is preparing for the launch and snapping up nearby properties. Buy an apartment now and you’re looking at year-round demand. From across the Arab world and beyond, people are coming for sun, sea, and upscale beachside living.

The Vegas of the Middle East

This isn’t just any casino. It’s being built in partnership with Wynn Resorts, one of the most iconic gaming brands in Las Vegas. A $3.9 billion investment that's already transforming Ras Al Khaimah into a global luxury destination.

So no—too many buildings won’t be the issue. Too much demand might be.