Wealthy investors from East Asia will invest in property in the UAE if casinos open in the country, according to a report from Knight Frank.

Knight Frank’s new Destination Dubai report, in partnership with YouGov, surveyed 183 ultra-high-net-worth individuals all over the world, who collectively have a spending power of US$2.5 billion and a net worth of US$3.2 billion.

The aim was to gain a comprehensive understanding of the global perception surrounding the upcoming gaming developments on Ras Al Khaimah’s Al Marjan Island, primarily the 1,500-room Wynn Resort.

At the time of writing, Wynn Al Marjan Island, opening in 2027, is the UAE’s only confirmed casino, though the country’s laws currently forbid gambling.