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The biggest real estate boom in the world right now is not happening in Gurgaon, New York, London, Dubai or Hong Kong… It’s happening in a city where prices per square foot of land are jumping up practically every day… And every builder of the world wants to buy a plot of land here and develop a colony… I’m talking about Ras Al Khaimah So Wynn Casinos, the casino operator and resort from Las Vegas, got the approval from the UAE govt last year to build the world’s largest casino at Al Marjan Island, and from the moment the news broke… Everyone who was earlier trying to invest in Dubai real estate is diverting surplus funds to get land in RAK So much that in the past 12-15 months, the prices of real estate have more than doubled. Wynn has committed to spend USD 4 Bn on the resort facilities, which are expected to open for tourists in 2027... and RAK is expected to see a 5 fold increase in tourists over the next 30 months... So everyone who was thinking of getting an apartment in Dubai as an investment is thinking they might as well book a villa in RAK. You know, UAE sees a huge influx of money into the economy whenever something drastic happens in any other part of the world. The Russia Ukraine war brought Russian money into the country over the past 2 years... Covid got money here... The economies of Pakistan, Syria are struggling, so the wealthy are bringing in their money here. UK is proposing to tax all of its citizen’s global income, so the British passport holders are bringing their money here. If such events continue (which I think they will somewhere or the other in the world)... RAK may see a lot more funds flowing compared to Dubai till 2030. ---------------------------------------------------------------------------------- Click here to subscribe to my YouTube channel: https://bit.ly/3cpTleK ---------------------------------------------------------------------------------- Like, Share, Subscribe for more! Follow me on my other social media handles for all updates, events and live sessions- Instagram: / casarthakahuja LinkedIn: / sarthak-ahuja Website: http://www.casahuja.com/ ---------------------------------------------------------------------------------- A Chartered Accountant with about 10 years of experience in areas of Tax Advisory, Startup Consulting, Fundraising, Audits, Deal Advisory, Business Modelling and contract CFO services. Winner of the ISB Young Leader Award 2017 and the Best All Rounder, PGP Class of '17, Sarthak has also been published about in the leading financial newspapers such as The Financial Express as possibly the youngest Indian to have completed the courses of CA, CS and CMA along with a graduate degree in Financial & Investment Analysis from University of Delhi, all by the age of 23 years.
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