Key Moments:
- The Wynn Al Marjan Island project remains on track for a 2027 launch, according to Marjan Properties CEO Abdulla Al Abdouli.
- The resort is projected to help Ras Al Khaimah attract more than 3.5 million annual visitors by 2030.
- Wynn Resorts and partners completed a US$2.4 billion construction loan in February 2025, with the full project valued at up to US$5.1 billion.
Project Overview and Timeline
Wynn Al Marjan Island is being developed as one of the UAE’s largest hospitality destinations. The project, headed by Wynn Resorts Ltd in partnership with Marjan Properties, is progressing according to its targeted completion year of 2027. Situated in Ras Al Khaimah, the multibillion-dollar integrated resort is expected to significantly boost local tourism and hospitality, with over 1,542 rooms and more than 22 dining venues.
Anticipated Impact on Tourism
The property sits on a 1.49 million square foot parcel owned by Marjan Properties. The Ras Al Khaimah Tourism Development Authority anticipates that the resort will aid in reaching a goal of more than 3.5 million visitors annually by 2030, reflecting the scale and anticipated draw of this high-profile development.
| Resort Statistics | Details |
|---|---|
| Projected Completion | 2027 |
| Rooms | 1,542 |
| Food & Beverage Outlets | 22+ |
| Annual Target Visitors by 2030 | 3.5 million+ |
| Total Project Value (Including Land & Financing) | US$5.1 billion |
| Construction Loan Secured | US$2.4 billion (February 2025) |
| Wynn Resorts’ Equity Stake | 40% |
| Estimated Annual GGR | US$1.33 billion |
Investment, Financing, and Ownership Structure
Wynn Al Marjan Island is estimated at approximately US$3.9 billion, though overall spending, including land and financing costs, brings the figure to US$5.1 billion as reported by Wynn Resorts Ltd in November of last year. Wynn Resorts, the parent company of Wynn Macau Ltd, has secured a 40 percent ownership stake in the project. The partnership finalized a US$2.4 billion construction loan in February 2025.
Broader Economic Effects and Employment Initiatives
The development is designed to drive not only hospitality but also overall economic expansion by increasing accommodation capacity and encouraging property investment in the emirate. According to Mr. Al Abdouli, the resort will be a vital element for Ras Al Khaimah’s growing economic landscape, with the potential to spur additional business and residential ventures. As of September 21, 78 job opportunities have been listed, while Wynn Resorts had already hired 80 employees in April, aiming for a workforce of 300 by the end of the year.
Construction Progress and Casino License
In August, Craig Billings, CEO of Wynn Resorts, reported that construction had advanced to the 61st floor of the main tower, with plans to top it out later in 2025. The resort boasts an exclusive, renewable 15-year casino license in Ras Al Khaimah. Property projections indicate annual gross gaming revenue of not less than US$1.33 billion.
Expansion and Long-Term Commitment
Wynn Resorts and its local partners have announced an additional agreement to develop a second integrated resort featuring a casino in Ras Al Khaimah. This move reflects a long-term commitment to the regional growth of the gaming and hospitality sectors. The development of Wynn Al Marjan Island stands at the forefront of Ras Al Khaimah’s ambition to double tourist arrivals by 2030 and marks a significant milestone in elevating the UAE’s hospitality sector.
Looking Forward
With persistent investment and cooperation, Wynn Resorts and Ras Al Khaimah are positioning the integrated resort to play a pivotal role in the area’s international and regional growth for years to come.
- Author
Daniel Williams
