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Official. A $1.2 billion Vegas-style island is being built in Dubai.

The contract to build the island, which will include 1,400 hotel rooms, is the largest construction contract awarded in Dubai since 2017.

The mega-project island to be built off the coast of the Jumeirah district is a combination of three iconic Las Vegas hotels (MGM, Bellagio and Aria).

The estimated investment is $1.2 billion (AED 4.4 billion). The deal is being advertised as the largest construction transaction in Dubai since 2017.

This is another example of how Dubai is becoming an investment powerhouse, and in this case the city also proves that it is a very liberal and open center of world entertainment.

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