Tracked from Wynn Resorts' own project updates and GCGRA announcements — not brochures. Updated as new milestones are published.
Last verified February 2026 · Sources: Wynn Resorts project newsroom and investor updates (NASDAQ: WYNN), GCGRA, Gulf trade press
| Date | Milestone | Status |
|---|---|---|
| January 2022 | Project announced — Wynn Resorts, Marjan and RAK Hospitality Holding partnership | Announced |
| 2023 | Main construction underway on Al Marjan Island | Done |
| October 2024 | GCGRA grants Wynn the UAE's first commercial gaming operator licence | Done |
| December 2025 | Tower tops out at 299 m — structural concrete complete through floor 71 | Done |
| February 2026 | Façade 83% · fit-out in 1,504 rooms · bridge 48% complete, on schedule for late 2026 | In progress |
| Late 2026 | Access bridge completion (per current schedule) | Scheduled |
| September 2027 | Resort opening — Wynn Resorts’ earnings release of 4 August 2026 | Target |
Statuses reflect the latest published Wynn Resorts progress update (February 2026). This page is a tracker, not a promise: where Wynn hedges, we hedge.
The licence is the story. In October 2024 the UAE's federal General Commercial Gaming Regulatory Authority granted Wynn the country's first commercial gaming operator licence — making Al Marjan Island home to the first fully integrated gaming resort in the MENA region. Integrated resorts of this scale are destination anchors: they reprice the land around them by changing who visits, how long they stay, and what operators will pay for room stock nearby.
The corridor's arithmetic is on our Wynn property-prices guide: RAK waterfront entry still trades at a fraction of prime Dubai per square foot, with honest rental underwriting around 5.5% — the full comparison is in Al Marjan vs Dubai Marina.
As of February 2026: the 299-metre tower is structurally complete through the 71st-floor roof (topped out December 2025), façade installation is at 83% (21,852 of 26,471 façade panels installed), all 1,530 guest accommodations are structurally complete with interior fit-out underway across 1,504 rooms and suites, and the access bridge is 48% complete, on schedule for late 2026.
It holds the UAE's first commercial gaming operator licence, granted to Wynn Resorts by the federal General Commercial Gaming Regulatory Authority (GCGRA) in October 2024 — the first licence of its kind in the country, making the resort the first fully integrated gaming resort in the MENA region.
A $5.1 billion integrated resort on Al Marjan Island, Ras Al Khaimah: 1,530 keys (1,217 resort rooms and suites + 313 Enclave accommodations), a 299-metre tower — the tallest building in RAK — plus gaming floor, marina, and a dedicated access bridge.
Treat the opening as a demand catalyst, not a valuation guarantee. RAK waterfront entry pricing still sits far below prime Dubai per square foot, and honest rental underwriting on the corridor runs ~5.5% — our comparison guides put real numbers on both sides rather than promising a multiple.
| What | When | Evidence |
|---|---|---|
| Wynn Al Marjan Island opening | 2027 — September 2027 | Wynn Resorts’ Q2 2026 earnings release, 4 August 2026 (SEC filing) |
| Bay Views handover | Handed over; ready now | Property Finder project page shows completion 31 August 2026 (fetched 14 September 2026) |
| Bay Views one-bedroom | Available now, from AED 1,200,000 | Sofia Sands Realty unit records; approximately 826 sq ft |
Sources: Property Finder, RAK Properties — Bayviews project page (fetched 14 September 2026; expected completion 31 August 2026) and Wynn Resorts’ second-quarter 2026 earnings release, 4 August 2026 (“will open its doors to guests in September of 2027”). Prices, sizes and rents are Sofia Sands Realty asking figures from our own unit records, confirmed in writing before any commitment. We do not publish a handover month for Bay Views beyond the completion date on the developer project page.
This tracker carries only what we can attribute to a primary source, with the date we fetched it. Everything else is labelled as trade-press reporting or left out.
See the Al Marjan Island page for what already operates on the island, and the RAK Waterfront Pulse for the corridor’s weekly asking-price index.
A 2027 opening is not something you can buy. What you can buy now is completed stock a short drive away.
Bay Views on Hayat Island, Mina Al Arab, is handed over: twelve residences on floor 9, three studios, six one-bedrooms from AED 1,200,000 (approximately 826 sq ft, about AED 1,452 per sq ft) and three two-bedrooms, or the whole floor as one lot at AED 18,000,000. A one-bedroom lets for AED 65,000 to AED 70,000 a year, roughly 5.4% to 5.8% gross on price before a service charge of about AED 12 per square foot. Studio and two-bedroom prices are on request. Hayat Island is a 12 to 15 minute drive from Al Marjan Island by our own measurement — it is not on the island, and we do not imply that it is.
We do not forecast what the opening will do to prices, and nobody honest can. Ask for current availability and a viewing instead.
In 2027. Wynn Resorts’ own second-quarter 2026 earnings release, filed with the US Securities and Exchange Commission and dated 4 August 2026, states that Wynn Al Marjan Island “will open its doors to guests in September of 2027”. It is not open today. Trade press reports that this replaced an earlier Spring 2027 target, but we could not verify the original date from a primary document, so we do not state it as fact.
No. Bay Views is on Hayat Island, inside the Mina Al Arab community in Ras Al Khaimah, roughly a 12 to 15 minute drive from Al Marjan Island by our own measurement. Al Marjan Island is where Wynn Al Marjan Island is being built. Any listing that places Bay Views on Al Marjan Island is wrong.
Yes. Bay Views is handed over, so keys are available and the residences can be viewed rather than judged from a brochure. We hold twelve on floor 9: three studios, six one-bedrooms from AED 1,200,000 and three two-bedrooms, or the full floor at AED 18,000,000. Two ready one-bedrooms at Bay Residences, units 1001 and 1101, are also available at AED 1,191,000 each.
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