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 |
| Spring 2027 | Resort opening (Wynn target; modest-delay risk flagged) | 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.
Wynn Resorts' stated target is Spring 2027. As of February 2026, the company has flagged a possible modest delay caused by regional shipping disruption, while noting deliveries have largely continued. The structure topped out in December 2025, so the remaining schedule risk sits in fit-out and logistics, not in the build itself.
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.
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