THE tiny emirate of Ras Al Khaimah (RAK) is silently transforming itself as the next haven for billionaires.
The tiny emirate welcomed 2023 with a bang after it made it to the news for being the most favorable destination wedding venue.
Luxury villas dot the Persian Gulf Coast while a Las Vegas-based Wynn Resorts Limited is planning a project a few miles away.
The international gambling company says it is intended to be a $3.9 billion gaming resort.
The UAE’s northern territory is best known for its mountain peaks and ceramics company but is now pitching itself as a haven for high-net-worth individuals.
RAK’s success is attributed to its ambitious foreign direct investment strategy that’s luring five-star hotels, industrialists, and adventure-seeking tourists.