Beachgoers swim backdropped by the Rixos Bab Al Bahr hotel on Al Marjan Island in Ras Al Khaimah, United Arab Emirates, on June 25.
Photographer: Christopher Pike/Bloomberg
Move Over Dubai. This Tiny Emirate Wants to Be the Next Haven for Billionaires
Ras Al Khaimah looks to lure rich from around the world
From the top of the RAK International Corporate Centre, foreign tycoons can catch a glimpse of a city transforming.
A long stretch of desert lies toward the north. Luxury villas dot the Persian Gulf coast to the west. A few miles away, Las Vegas-based Wynn Resorts Ltd. is planning a project that it says is intended to be a $3.9 billion gaming resort.