The Island: Dubai's $1.2bn Extravaganza

Wasl Asset Management selects China State Construction Engineering Corporation for "The Island," a lavish 10.5-hectare
The Island
The IslandImage Source: Wasl Asset Management

Synopsis:

Wasl Asset Management selects China State Construction Engineering Corporation for "The Island," a lavish 10.5-hectare resort on reclaimed land in Dubai. The development, featuring hotels from renowned brands and a marina, has progressed with land reclamation and foundation installation.

 

Article:

Dubai's real estate dynamo, Wasl Asset Management, has tapped China State Construction Engineering Corporation to materialize "The Island," a sprawling $1.2bn resort situated on reclaimed land off Jumeirah beach, as reported by MEED. This ambitious project, initially unveiled in 2017, promises an opulent array of hotels from prestigious names like MGM, Aria, and Bellagio, coupled with a magnificent marina.

Significant groundwork has been accomplished, including land reclamation activities and the establishment of foundational structures, marking tangible progress in this ambitious endeavor.

Contributing their expertise to this grand project are a roster of esteemed consultants, including Dutch architectural stalwart UNStudio, UK-based Brewer Smith Brewer Group, and Germany's Buro Kling Architectural Engineering Consultants.

MGM Resorts, synonymous with the vibrant casino culture in Las Vegas and various American cities, fuels speculation regarding a potential casino establishment on The Island, contingent upon the UAE's gambling regulations evolving.

There are indications of forthcoming changes in the UAE's gaming landscape, evident from the establishment of a General Commercial Gaming Regulatory Authority in September, aimed at formulating a regulatory framework for national lotteries and commercial gaming. Emirati state media WAM emphasizes the responsible unlocking of economic potential through commercial gaming.

Conclusion:

"The Island" stands as a testament to Dubai's ongoing pursuit of grandeur and extravagance, set to redefine luxury and leisure on reclaimed coastal territory. With leading hospitality names and expansive plans for recreation, this development signals an exciting chapter in Dubai's evolution as a global tourism and entertainment hub.

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