Construction of Wynn Al Marjan Island in Ras Al Khaimah remains firmly on track for its planned early 2027 opening, according to Wynn Resorts' latest financial results. The UAE's first integrated gaming resort reached a major structural milestone in Q4 2025 when its 70-storey hotel tower officially topped out.
70-Storey Resort to Feature 1,530 Rooms and Luxury Amenities
Wynn Al Marjan Island is a joint venture between Wynn Resorts and RAK Holding. Once complete, the 70-storey tower will feature 1,530 rooms and suites, alongside 22 food and beverage venues, a theatre, luxury retail outlets, and a marina.
Craig Billings, CEO of Wynn Resorts, described the topping-out as a significant milestone toward completing the landmark development. The $5.1 billion (Dh18.7 billion) project is progressing rapidly, with both construction and pre-opening planning advancing ahead of the targeted Q1 2027 launch.
The project is expected to play a transformative role in Ras Al Khaimah's tourism sector, positioning the emirate as a high-end global destination for leisure and entertainment. Wynn Resorts described the UAE as one of the most exciting new markets for integrated resort development in decades, highlighting the project's strategic importance within its global portfolio.
Construction and Financial Commitments
Wynn Resorts confirmed that construction remains on schedule, with interior works now progressing following the tower's structural completion in December 2025.
During Q4 2025, the company contributed $79.2 million in cash to the joint venture, bringing its total life-to-date cash contributions to $914.2 million.
The company expects to contribute an additional $375 million to $400 million in equity during 2026, followed by a further $75 million to $100 million in 2027. Wynn Resorts estimates the remaining equity contribution for the project will range between $450 million and $550 million.
Economic Impact and Market Outlook
Wynn Resorts anticipates that the Ras Al Khaimah gaming resort could generate between $3 billion and $5 billion in gross gaming revenue in the UAE market. The company projects that the resort will contribute approximately $345 million in EBITDAR, including cash flow and management fees.
The development is widely seen as a catalyst for a new wave of international tourism in Ras Al Khaimah, significantly enhancing the emirate's global profile and hospitality offering.
With construction progressing as planned and major financial commitments already secured, Wynn Al Marjan Island remains one of the most high-profile tourism and entertainment projects in the UAE, ahead of its expected opening in early 2027.
