RAK Property: 7 Major Developments Near Wynn Casino Resort in 2025

REAL ESTATE3 weeks ago

Wynn Casino Resort : Ras Al Khaimah (RAK) is transforming into a global investment hotspot, with AED 13.7B in real estate transactions in 2024 (up 30% YoY) and a projected 50% price surge by 2030, fueled by the AED 14.3B (USD 3.9B) Wynn Al Marjan Island, the UAE’s first casino resort, set to open in Q1 2027.

Located on Al Marjan Island, a 2.7M sq.m. man-made archipelago with 7.8km of beaches and 23km of waterfront, the Wynn project (1,542 rooms, 22 villas, 225,000 sq.ft. casino) is driving a real estate boom, with prices expected to reach AED 10,000/sq.ft. by 2030 (from AED 1,500–3,000).

Seven major developments MASA Residence, Address Residences, Waldorf Astoria Residences, Nobu Hotel and Residences, Rixos Residences, Al Marjan Island Villas, and Anantara Mina Al Arab offer apartments, villas, and townhouses (AED 800K–49M) with 6–9% ROI and 19–58% appreciation over 3–5 years.

Backed by 100% foreign ownership, RAK’s Tourism Vision 2030 (3.5M visitors by 2030), and infrastructure like RAK International Airport’s expansion (2M passengers), these projects attract HNWIs and investors from India, UK, and Russia. This guide details each development’s features, incentives, and investment potential, backed by 2024–2025 data.

1. MASA Residence, Al Marjan Island

Details: Developed by Luxe Developers, a 16-story waterfront project designed by Philippe Starck, offering 349 apartments and penthouses (AED 1.7M–10M). Q1 2025 sales: AED 500M. Completion: Q4 2026.
Features: Units (600–3,500 sq.ft.) with Gulf views, private balconies, and luxury finishes. Includes a rooftop infinity pool, spa, and retail. Near Wynn’s 420m beach and 101-berth marina. Connected to E11 (50 minutes to Dubai).
Government Incentives: 100% foreign ownership via RAKEZ, 0% corporate tax, Golden Visa eligibility (AED 2M+), and 20/80 payment plan (20% during construction, 80% over 5 years).
Investment Potential: 6–9% ROI (rentals AED 80K–250K/year), 36% appreciation over 3 years (Realiste AI study). Appeals to HNWIs (20% UK/Indian buyers). Risks: premium pricing, mitigated by 25% sales growth and escrow accounts. Ideal for luxury investors seeking high returns.

2. Address Residences, Al Marjan Island

Details: Emaar’s luxury project, offering 234 apartments (AED 1.7M–5M). Q1 2025 sales: AED 400M, with one-bedroom units at AED 1.705M (AED 2,220/sq.ft.). Completion: Q2 2027.
Features: Units (500–2,000 sq.ft.) with modern designs, smart home tech, and access to a private beach, gym, and retail. Near Wynn’s 15,000 sq.m. shopping esplanade and 12 pools. Eco-friendly (Estidama-certified).
Government Incentives: 100% foreign ownership, Golden Visa eligibility, 10/50/40 payment plan (10% down, 50% during construction, 40% over 5 years), and 2% registration fee waivers via RAK DLD.
Investment Potential: 6–8% ROI (rentals AED 70K–150K/year), 10% annual resale profit (Realiste). High demand from tourists (1.28M in 2024) and expats. Risks: competitive luxury segment, mitigated by Emaar’s brand and 85% absorption. Suits lifestyle-driven buyers.

3. Waldorf Astoria Residences, Al Marjan Island

Details: Al Hamra Properties’ ultra-luxury project, offering villas and apartments (AED 10M–49M). Q1 2025 sales: AED 300M. Completion: Q1 2027. Opposite Wynn Al Marjan Island.
Features: Units (1,500–7,000 sq.ft.) with private pools, concierge services, and Gulf views. Includes Waldorf Astoria spa, dining, and retail. Near Wynn’s 24 dining venues and marina. Estidama-certified.
Government Incentives: 100% foreign ownership, 0% corporate tax via RAKEZ, Golden Visa eligibility, and 20/80 payment plan.
Investment Potential: 6–8% ROI (rentals AED 200K–500K/year), 19.3% annual resale profit. Appeals to ultra-HNWIs (15% GCC buyers). Risks: high entry costs, mitigated by limited supply and 20% sales growth. Ideal for exclusivity-focused investors.

4. Nobu Hotel and Residences, Al Marjan Island

Details: Nobu Hospitality’s upscale project, offering 200 apartments and branded residences (AED 2M–8M). Q1 2025 sales: AED 350M. Completion: Q4 2026. Marketed by Dubai Sotheby’s.
Features: Units (600–3,000 sq.ft.) with Nobu restaurant access, private beach, and wellness facilities. Near Wynn’s Showroom and 7,500 sq.m. convention space. Smart home tech and eco-friendly designs.
Government Incentives: 100% foreign ownership, Golden Visa eligibility, 20/80 payment plan, and 0% corporate tax.
Investment Potential: 6–9% ROI (rentals AED 100K–250K/year), 20–30% appreciation by 2027. Appeals to lifestyle buyers and tourists. Risks: longer completion timeline, mitigated by 25% tourism growth (1.28M visitors). Suits hospitality-driven investors.

5. Rixos Residences, Al Marjan Island

Details: Rixos’ luxury project, offering apartments and townhouses (AED 1.5M–6M). Q1 2025 sales: AED 250M. Completion: Q3 2026.
Features: Units (500–2,500 sq.ft.) with access to Rixos’ all-inclusive amenities, beach club, and retail. Near Wynn’s 12 pools and 420m beach. Connected to E11. Estidama-certified.
Government Incentives: 100% foreign ownership, Golden Visa eligibility, 20/80 payment plan, and 2% registration fee waivers.
Investment Potential: 7–9% ROI (rentals AED 80K–200K/year), 15–25% appreciation by 2027. High demand from families and tourists. Risks: competitive mid-luxury segment, mitigated by 85% occupancy. Ideal for family-oriented investors.

6. Al Marjan Island Villas, Al Marjan Island

Details: Marjan’s project, offering 600 holiday villas (AED 3M–10M). Q1 2025 sales: AED 600M. Completion: Ongoing phases through Q2 2027.
Features: Villas (2,000–5,000 sq.ft.) with private pools, beach access, and smart home tech. Near Wynn’s 101-berth marina and retail esplanade. Eco-friendly designs.
Government Incentives: 100% foreign ownership, 0% corporate tax via RAKEZ, Golden Visa eligibility, and 10/50/40 payment plan.
Investment Potential: 6–8% ROI (rentals AED 150K–300K/year), 20–30% appreciation by 2027. Appeals to HNWIs and vacation home buyers (20% European buyers). Risks: oversupply in villas, mitigated by 25% sales growth. Suits second-home investors.

7. Anantara Mina Al Arab, Mina Al Arab

Details: Minor Hotels’ luxury project, offering apartments, villas, and townhouses (AED 1.5M–7M). Q1 2025 sales: AED 400M. Completion: Q1 2027.
Features: Units (600–4,000 sq.ft.) with lagoon views, Anantara spa, and dining. Near Wynn’s gaming facilities and Al Marjan’s 23km waterfront. Eco-friendly with smart home tech.
Government Incentives: 100% foreign ownership, Golden Visa eligibility, 20/80 payment plan, and 0% corporate tax via RAKEZ.
Investment Potential: 6–9% ROI (rentals AED 80K–250K/year), 15–25% appreciation by 2027. Appeals to wellness-focused buyers and tourists. Risks: developing infrastructure, mitigated by 20% tourism growth. Ideal for eco-luxury investors.

Market Trends and Outlook for 2025

Yields and Appreciation: Developments offer 6–9% ROI (apartments at 7–9%, villas at 6–8%) and 19–58% appreciation (MASA at 36%, Address at 10% annually), driven by AED 13.7B in 2024 transactions and Wynn’s catalytic effect (50% price surge forecast). Short-term rentals yield 15–20% due to 1.28M tourists.
Infrastructure Impact: RAK International Airport’s expansion (2M passengers by 2030) and Etihad Rail (Q4 2025–2027) cut Dubai travel to 40 minutes, boosting values by 10–15%. Wynn’s 101-berth marina and 15,000 sq.m. retail enhance tourism appeal.
Investor Drivers: 100% foreign ownership, 0% corporate tax via RAKEZ, and Golden Visa attract 25% more foreign buyers (India, UK, Russia). RAK’s Tourism Vision 2030 (3.5M visitors) and 4,000 jobs from Wynn drive demand. Prices (AED 1,945/sq.ft.) remain 30% lower than Dubai’s AED 2,203.
Risks: Oversupply (8,000 hotel keys, 12,000 units by 2027) and off-plan delays (6–12 months) pose a 10% correction risk in H2 2025. Mitigated by 85% absorption, RAK DLD oversight, and escrow accounts. AML compliance (KYC) adds scrutiny for high-value deals.
Regulatory Framework: RAK DLD ensures transparency with 2–4% registration fees. RAKEZ offers 0% corporate tax until 2029. GCGRA regulates Wynn’s casino (4% of resort area) with a 15-year license.

Investment Strategy

Diversification: Combine MASA and Address for high-yield apartments, Waldorf and Nobu for ultra-luxury, Rixos and Anantara for mid-luxury, and Al Marjan Villas for vacation homes.
Entry Points: Off-plan apartments (AED 800K–2M in Address, Rixos) offer 15–20% gains by 2026–2027. Villas (AED 3M–49M in Waldorf, Al Marjan) suit HNWIs.
Process: Verify freehold status via RAK DLD, pay 2–4% registration fees, and secure No Objection Certificate (NOC). Use RERA-registered agents and platforms like Property Finder or Bayut.
Platforms: Contact developers like Emaar (info@emaar.com), Luxe Developers, or Dubai Sotheby’s (info@sothebysrealty.ae) for listings.

Conclusion

In 2025, MASA Residence, Address Residences, Waldorf Astoria Residences, Nobu Hotel and Residences, Rixos Residences, Al Marjan Island Villas, and Anantara Mina Al Arab near Wynn Al Marjan Island drive RAK’s real estate boom, offering AED 800K–49M properties with 6–9% ROI and 19–58% appreciation.

Fueled by AED 13.7B in 2024 transactions, 100% foreign ownership, and RAK’s Tourism Vision 2030 (1.28M tourists), these projects leverage Wynn’s 225,000 sq.ft. casino, 101-berth marina, and 15,000 sq.m. retail. Despite a 10% correction risk, 85% absorption and RAK DLD oversight ensure stability. Explore opportunities via Property Finder, Bayut, or developers like Emaar and Luxe to capitalize on RAK’s luxury real estate surge in 2025. wynn