Wynn Al Marjan Island is expected to open in September 2027. Here’s what the latest resort update means for Al Marjan Island property buyers, from waterfront prices to the wave of new homes still to come.
Why the Wynn Al Marjan Island budget rose to $5.7 billion
Wynn first estimated the Ras Al Khaimah resort would cost $3.9 billion in 2023. The estimate moved to $5.1 billion in 2024 and rose by another $600 million in August 2026. Roughly half of that latest increase came from regional disruption, including higher material and shipping costs, pre-opening expenses and interest tied to the longer construction schedule. The rest came from revised construction measurements, trade coordination and other project costs.
In its 5 November 2026 earnings update, Wynn retained September 2027 as the expected opening month. Skift reported that management expects to decide around February 2027 how to structure the opening. Wynn owns 40% of the venture with Marjan and RAK Hospitality Holding. Its UAE resort holds the country’s first land-based commercial gaming licence and remains the sole facility listed in that category on the regulator’s public register.
Sources Wynn Resorts Q3 results · Wynn Q2 earnings call · Gulf News · Skift · GCGRA licence register
Wynn Al Marjan Island Features and Amenities
- Accommodation: Wynn’s November 2026 resort update lists 1,540 rooms and suites, including 323 accommodations in its premium Enclave collection. Wynn has also unveiled private townhomes and marina estates.
- Dining and lounges: The resort plans 22 restaurants, bars and lounges, plus Wynn Beach Club.
- Luxury shopping: A skylit shopping promenade will house luxury retailers and boutiques.
- Entertainment and events: Coral Court will host weddings and other events. Wynn Theater will seat up to 900 guests and feature a production by immersive theatre company Punchdrunk.
- Gaming: The UAE’s first licensed land-based gaming resort is expected to feature a main casino and a private gaming area on the 22nd floor, as reported by Skift. The resort has discussed a possible third gaming area.
Sources Wynn Resorts’ November resort update · Wynn Resorts’ resort design update · The National · Skift
Al Marjan Island Property Prices and Branded Residences
CBRE reported that apartment values on Al Marjan Island rose 23.1% year on year in the first half of 2026. Across Ras Al Khaimah, apartment values rose 18% to AED 2,298 per sq. ft., and apartment rents increased 14.3%. CBRE also reported that growth across the emirate had moderated since February.
The resort’s 550-metre beach, marina and Coral Court events centre give visitors several reasons to travel to Al Marjan Island. The tourism market was already growing before Wynn’s opening. RAK welcomed 1.35 million overnight visitors in 2025, up 6%, while tourism revenue rose 12%.
| Development | What the developer has announced |
|---|---|
| W Residences Al Marjan Island | Dalands and Marriott are developing 201 furnished beachfront homes alongside the W hotel. Dalands lists Q4 2027 as the expected completion. |
| Fairmont Residences Al Marjan Island | Ardee’s current development information lists 523 branded residences. Accor announced a separate 250-key Fairmont hotel targeted for the end of 2028. |
CBRE projects more than 24,000 residential completions across RAK between 2028 and 2030. Buyers comparing apartments for sale on Al Marjan Island should factor in how many comparable homes could be available when their unit is ready to rent or resell.
Sources CBRE H1 2026 · CBRE community figures · Emirates News Agency · RAK Tourism Development Authority · Dalands · Ardee · Accor
Buying Property Near Wynn Al Marjan Island
Start with how you’ll use the home. For a second home, direct beach access, a usable layout and year-round services may matter most. For a rental property, compare achievable rent, operating costs and the number of similar units due to hand over. For an off-plan purchase, check how the payment schedule and projected completion fit your budget.
Wynn Al Marjan Island and RAK Property FAQs
When will Wynn Al Marjan Island open?
Wynn’s 5 November 2026 earnings update lists September 2027 as the expected opening month. Management expects to decide around February 2027 how to structure the launch.
Is Wynn Al Marjan Island in Dubai?
Wynn Al Marjan Island is in Ras Al Khaimah, on Al Marjan Island. Wynn’s November resort release places it approximately 75 km from Dubai International Airport.
Will the Wynn opening raise nearby rents?
The resort could bring additional visitor demand. Actual rental income will depend on the building, operating costs, occupancy and how many comparable homes enter the market.
Are any other UAE casino resorts licensed?
As of 12 November 2026, the UAE regulator’s public register lists Wynn Al Marjan as the sole land-based gaming facility licensee. MGM’s chief executive previously said the company had submitted an application in Abu Dhabi.
How much does Wynn Al Marjan Island cost to build?
The estimated budget for the entire integrated resort is $5.7 billion. Wynn’s original 2023 estimate was $3.9 billion.
How many rooms and restaurants will Wynn Al Marjan Island have?
Wynn’s November 2026 update lists 1,540 rooms and suites and 22 restaurants, bars and lounges, plus Wynn Beach Club.
What amenities will Wynn Al Marjan Island offer?
Wynn plans a 550-metre private beach, 12 pools, a theatre, luxury shopping, the Coral Court events venue and a 98-berth marina.
What is the difference between Wynn Al Marjan Island and Al Marjan Island?
Al Marjan Island is the wider waterfront development in Ras Al Khaimah. Wynn Al Marjan Island is the integrated resort within it. Nearby branded residences are separate developments.
Which branded residences are near Wynn Al Marjan Island?
Examples include W Residences Al Marjan Island and Fairmont Residences Al Marjan Island. Compare handover targets, unit layouts, beach access, service charges and operator arrangements project by project.
How much have Al Marjan Island apartment prices risen?
CBRE reported a 23.1% year-on-year increase in Al Marjan Island apartment values in H1 2026. For a specific unit, check recent comparable sales for its building, layout and view.
Should I compare ready and off-plan property near Wynn?
Ready property lets you inspect the building and assess current rental evidence. For off-plan units, compare the payment plan, handover date and the number of similar units expected to complete at the same time.
What costs should I include when estimating rental returns?
Start with comparable rents and allow for vacancy, service charges, furnishing, maintenance and management fees. Confirm building and local holiday-let requirements if you plan to rent short term.
Can M R ONE PROPERTIES help me compare options near Wynn?
Yes. Share your budget, preferred handover date and whether you plan to live in the home or rent it out. The team can help you compare the features and costs that matter for your purchase.
Speak with M R ONE Properties
M R ONE Properties, a Dubai-based real estate brokerage serving UAE buyers, was named Emaar’s No. 1 agency at the H1 Broker Awards 2026. If you’re looking for a trusted real estate broker in Dubai or comparing waterfront property in Ras Al Khaimah, speak with our team about your budget, preferred handover date and what to ask before reserving a unit.
Contact our property team · +971 50 990 2467 · Read about the Emaar award
Sources Wynn’s November resort update · Wynn Marina release · Khaleej Times on MGM · EP Log Off Plan background
About the author
Aldrin Thomas
Associate Partner
With over a Billion in closed transactions, Aldrin Thomas has earned a trusted reputation as one of Dubai’s most accomplished real estate advisors. As an Associate Partner at M R ONE PROPERTIES, Aldrin is recognized for his in-depth market knowledge, integrity, and client-first approach, values that resonate with high-net-worth investors, entrepreneurs, and global professionals alike. Specializing in Dubai’s most prestigious neighborhoods, Palm Jumeirah, Dubai Hills, Downtown, and beyond, Aldrin delivers strategic, ROI-focused guidance whether you're buying a trophy home or building a wealth-generating portfolio. Respected by developers and clients alike, Aldrin is a regular presence at exclusive launches, private briefings, and international investor summits. When experience, trust, and results matter. Aldrin Thomas is the name to know in Dubai real estate.
About the author
Aldrin Thomas
Associate PartnerWith over a Billion in closed transactions, Aldrin Thomas has earned a trusted reputation as one of Dubai’s most accomplished real estate advisors. As an Associate Partner at M R ONE PROPERTIES, Aldrin is recognized for his in-depth market knowledge, integrity, and client-first approach, values that resonate with high-net-worth investors, entrepreneurs, and global professionals alike. Specializing in Dubai’s most prestigious neighborhoods, Palm Jumeirah, Dubai Hills, Downtown, and beyond, Aldrin delivers strategic, ROI-focused guidance whether you're buying a trophy home or building a wealth-generating portfolio. Respected by developers and clients alike, Aldrin is a regular presence at exclusive launches, private briefings, and international investor summits. When experience, trust, and results matter. Aldrin Thomas is the name to know in Dubai real estate.
