Ras Al Khaimah is set to welcome one of its biggest tourism developments as Wynn Resorts has confirmed that Wynn Al Marjan Island will officially open in September 2027.
The announcement was made during the company’s second-quarter 2026 earnings call, where Wynn also revealed that the total cost of the project has increased to approximately $5.7 billion, up from the previously announced $5.1 billion.
Located on Al Marjan Island, the resort is expected to become a major addition to the UAE’s hospitality sector, attracting international visitors and further strengthening Ras Al Khaimah’s position as a leading tourism destination.
Craig Billings, Chief Executive Officer of Wynn Resorts, said the company is continuing to invest in the project as part of its long-term growth strategy. He added that Wynn Al Marjan Island is expected to be one of the most exciting integrated resort openings globally in more than ten years.
During the second quarter, Wynn invested an additional $48.1 million into the joint venture developing the resort, bringing its total contribution to $1.06 billion.
The company holds a 40% stake in the joint venture behind the development, which is expected to become one of the region’s landmark hospitality projects.
Alongside the project update, Wynn Resorts reported improved financial performance for the second quarter ended 30 June 2026.
Operating revenue rose to $1.86 billion, compared with $1.74 billion during the same period last year, while net income more than doubled to $140.1 million.
The company said the growth was driven by strong performances at its Macau properties and record monthly earnings from its Las Vegas operations.
Looking ahead
Once completed, Wynn Al Marjan Island is expected to boost tourism, support the local economy and further establish the emirate as one of the UAE’s fastest-growing leisure and hospitality destinations.
At One Investments, we see developments like this as a strong reminder of the value of forward planning. We prioritise understanding our investors objectives and identifying opportunities that match their vision, ensuring a careful balance between potential growth and security.
