Wynn Al Marjan, the Middle East’s first integrated resort in Ras Al Khaimah, is making rapid progress, with construction reaching the 38th floor and topping off expected by the end of 2024. The $3.9 billion project, a joint venture between Wynn Resorts, Marjan, and RAK Hospitality Holding, is set for completion in 2027.

Featuring over 1,500 rooms, luxury villas, a shopping mall, 20+ restaurants, and a 225,000 sq. ft. gaming area, the resort is expected to drive long-term free cash flow growth for Wynn Resorts. The company has already invested $557.3 million in 2024 and estimates its remaining equity share at $700-$775 million.

With Ras Al Khaimah’s tourism sector booming—average daily rates up 14% year-on-year—Wynn Al Marjan is cementing the emirate’s status as a global destination. Additionally, Wynn Resorts’ recent acquisition of Crown London aims to attract high-net-worth individuals to the upcoming UAE resort.