Ras Al Khaimah is poised for a transformative leap in its tourism and economic landscape with the development of the Wynn integrated resort on Al Marjan Island. Industry experts predict that this project will more than double the emirate’s visitor numbers, positioning it as a key player in the UAE’s hospitality sector. Tariq Bsharat, Chief Strategy and Business Development Officer at Marjan, emphasized that the resort is not merely a luxury addition but a ‘game-changer’ designed to elevate Ras Al Khaimah’s global tourism profile. Speaking at the International Real Estate Investment Summit, Bsharat drew parallels with global destinations like Singapore, Macau, and Las Vegas, where integrated resorts have significantly boosted tourism. The Wynn project, set to open in 2027, will feature 1,530 rooms, 22 dining venues, luxury retail, a spa, and entertainment areas. Extensive studies by EY, Colliers, and JLL forecast a surge in visitors from 1.3 million in 2023 to 3.8 million in 2027, eventually reaching 5.5 million. Colliers estimates that the resort could increase UAE-wide visitor arrivals by up to 9 per cent, highlighting its national significance. Beyond tourism, the project is expected to drive population growth, demand for residential units, and job creation, creating a virtuous cycle of development. Marjan is also advancing flagship projects like RAK Central and Marjan Beach to support this growth. Investor confidence has surged since the Wynn announcement, with increased land transactions and development activity across Al Marjan Island. Abdulla Al Abdouli, CEO of Marjan, highlighted the emirate’s diverse landscape as a magnet for varied investments, from luxury retreats to waterfront developments.
