Wynn is creating a new chapter for the UAE’s tourism and entertainment sector with its upcoming casino resort on Al Marjan Island. The $5.1 billion project is already well advanced, with 67% of its budget spent or contractually secured, and $3.4 billion locked in through procurement and buyouts aimed at keeping costs and timelines under control.
The resort is scheduled to open in early 2027 and will introduce the country’s first casino, setting a new benchmark in the region’s hospitality landscape. Construction has reached major milestones, the full tower structure is complete, almost all guest-room frameworks are in place, and the 353-metre tower will stand among the tallest hospitality buildings in the Middle East. Facade installation is 70% finished, interior fit-outs have begun, and low-rise buildings are 97 percent complete. Nearly 18,000 workers and specialists are active on site each day.
Wynn’s arrival has changed the course of Al Marjan Island’s development. Land prices have almost tripled since the project was announced, encouraging leading global brands such as JW Marriott, Fairmont, Nikki Beach, and Janu to secure plots for their own future projects, all of which have already sold out.
Ras Al Khaimah’s broader transformation adds to this momentum. More than $35 billion is being invested under the emirate’s Vision 2030 plan, supporting major upgrades such as the expansion of Emirates Road, an enlarged airport terminal designed for three million passengers by 2028, and an electric air-taxi route linking Dubai International Airport to Al Marjan Island by 2027.
Tourism is set to reach 11.2 million visitors by 2030, and hotel supply is forecast to grow from 7,472 rooms to over 16,000. A Colliers study shows that by 2027, demand will exceed supply by more than 8,400 rooms.
The road ahead
Once operational, Wynn Al Marjan Island is expected to generate $1 – 1.7 billion in gross gaming revenue, contributing to an estimated $3 – 5 billion annual gaming market for the UAE. The resort is projected to deliver annual property EBITDAM of $500–800 million, with a project return of 9.8 – 15.7% and a return on equity of 16.7 – 34.3% after a three-year ramp-up.
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