MGM Resorts International reached an agreement with Wasl
Asset Management Group to operate a non-gaming beachfront resort in Dubai expected to open
in 2021.
MGM will operate two hotels totaling 1,000 rooms under the
MGM and Bellagio brands. MGM will also oversee a luxury-residential component
that will have as many as 60 units.
The 2 million-square-foot project, which sits on 26 acres on
Jumeirah Beach, is slated to break ground by September and will take four years
to build. The project will include a half-million square feet of restaurant,
retail and entertainment facilities. Neither MGM nor Wasl Asset Management
Group disclosed how much the project will cost to build.