Wynn Resort to Ignite a 58% Boom in Luxury Real Estate on Al Marjan Island Near Dubai

The UAE’s real estate landscape is set for an extraordinary transformation, driven by the ambitious $4 Billion Wynn Resort project on Al Marjan Island in Ras Al Khaimah (RAK). A recent AI-driven study by Realiste, a Dubai-based proptech company, forecasts a 58% surge in luxury property values on the island. Here’s a detailed look at the key developers and projects shaping this exciting growth, particularly for investors from the U.S. and Canada.

Al Marjan Island
Image Credit: Construction Week Online

Key Developers and Projects

Wynn Resorts

  • Project: Multibillion-dollar integrated resort
  • Features: Over 1,000 luxury rooms, premium shopping mall, state-of-the-art convention center, gaming area
  • Completion: 2026
  • Impact: Largest foreign direct investment in RAK’s hospitality sector

MASA Residence

  • Developer: MASA Residences
  • Design: Inspired by Philippe Starck
  • Features: 16-storied waterfront residential project
  • Return on Investment: Up to 58% over five years, 19.3% annual profit on resale

Address Residences by Emaar

  • Developer: Emaar Properties
  • Features: 234 high-end apartments
  • Return on Investment: Up to 58% over five years, 10% annual profit on resale

Abu Dhabi National Hotels (ADNH)

  • Investment: Recent land purchase for new hotel

Aldar Properties

  • Investment: Acquiring existing resort and additional land, totaling AED 810 million

Global Hotel Chains

  • Hilton and Marriott
  • Plans: New investments in the emirate

Anantara Mina Al Arab

  • Project: 306-room project, including overwater villas

Conrad Marjan Island

  • Project: 120-room project

Rove Al Marjan Island

  • Project: 450 rooms, distinct beach club

Saij, A Mantis Collection Mountain Lodge

  • Project: 35 lodges for eco-tourism enthusiasts

Sofitel Ras Al Khaimah Resort

  • Upcoming Project

The Westin Ras Al Khaimah

  • Upcoming Project

Transformative Impact of the Wynn Resort Project

Wynn Resorts’ multibillion-dollar project is not just a testament to RAK’s potential; it is a magnet for further investments. This development is transforming Al Marjan Island into a world-class hospitality destination, attracting significant investments from regional and global entities.

Investment Opportunities and Market Dynamics

  • Projected Returns: Up to 58% return on investment over five years for properties in MASA Residence and Address Residences.
  • Price Appreciation: 36% over three years for high-end apartments on the island.
  • Annual Profits on Resale: 19.3% for MASA Residence, 10% for Emaar’s Address Residence.

Affordability and Competitive Pricing

  • RAK vs. Dubai: Average price per square foot in RAK is AED 1,627 compared to AED 2,203 in Dubai.
  • Al Marjan Island: Highest price per square foot in RAK at AED 1,945, yet competitively priced relative to Dubai.

Enhanced Appeal for Tourism and Hospitality

The Wynn Resort project has significantly enhanced Al Marjan Island’s appeal as a prime destination for tourism and hospitality. The island is witnessing a robust pipeline of investments from renowned hotel chains and developers, reinforcing its status as a premium leisure destination.

Economic Impact of Casinos on Real Estate

Research indicates that casinos can drive economic development, increasing local real estate values through heightened demand and investment. The Wynn Resort project is expected to mirror these effects, significantly boosting the local economy, creating job opportunities, and promoting industry growth.

Conclusion: Seize the Opportunity

For global real estate investors, particularly from the U.S. and Canada, the Wynn Resort development on Al Marjan Island represents a prime opportunity to capitalize on the predicted real estate boom. With substantial projected returns, competitive property prices, and a robust influx of hospitality investments, Al Marjan Island is set to become a premier destination for luxury living and tourism in the UAE.

Don’t miss out on this exceptional investment opportunity. Stay updated on the latest real estate trends in Dubai and RAK by subscribing to our blogs.

Back to Blog

Latest Posts

  • Dubai Housing Affordability

    Navigating Dubai Housing Affordability: A Global Perspective

    The housing market has undergone significant changes over the past 20 years, especially in countries like the United States and Canada, making homeownership increasingly difficult. This growing unaffordability may be one factor driving more North Americans to consider investing in Dubai real estate.Key Findings on Housing Affordability A recent study has captured the challenges faced […]

    Read more
  • Payment Plans for Off-Plan Properties in Dubai

    Understanding Payment Plans for Off-Plan Properties in Dubai

    Welcome to GG Benitez International! In my latest video on YouTube, I walk global real estate investors through the step-by-step process of purchasing off-plan properties in Dubai. Also known as pre-construction properties, off-plan investments offer unique opportunities and flexible payment schedules that can make your entry into the Dubai real estate market smooth and manageable. […]

    Read more
  • How to Buy Real Estate in Dubai from the USA

    How To Invest in Dubai Real Estate From the USA.

    Dubai, the city of innovation and opportunity, has become a prime destination for global real estate investors. For those in the USA looking to tap into this burgeoning market, the journey may seem daunting. However, my latest YouTube video on the GGBenitezInternational channel, titled “How to Invest in Dubai Real Estate from the USA,” simplifies […]

    Read more
  • NEW LAUNCH in Dubai Creek Harbour

    NEW LAUNCH in Dubai Creek Harbour

    🚨 Upcoming Launch Alert! 🚨 Introducing the latest exclusive new launch in Dubai Creek Harbour place is a game changing investment place. This luxurious project stands out in one of the top five most desirable locations for global real estate investors, offering unparalleled capital appreciation and rental returns in a tax-free environment. Here’s why Dubai […]

    Read more

Join us

Edit Search

  • Email Updates
  • Only Update me On
Email Sent! Your email was sent successfully
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    When are you looking to purchase?
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    Need assistance with financing?
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    Need to also sell your property?