The Wynn Al Marjan Island in Ras Al Khaimah, UAE, is set to be a landmark development, being the first of its kind in the Middle East and North Africa region. This integrated resort, under the banner of Wynn Resorts, is poised to open in 2027. It represents a significant step in the region’s tourism and entertainment industry, marking the debut of Wynn Resorts’ first international beachfront property.
Located on Al Marjan Island, a man-made archipelago in Ras Al Khaimah, the resort is about an hour’s drive from Downtown Dubai. The island itself is a network of four separate man-made islands, constructed with 2.7 million sqm of reclaimed sand, extending into the Arabian Gulf. This location offers stunning views of the Arabian Gulf and provides access to 7.8 km of pristine beaches.
The Wynn Al Marjan Island resort will feature a comprehensive array of amenities, including approximately 1,500 rooms, suites, and villas. It’s designed to cater to a variety of tastes and preferences, offering a gaming area, more than 24 dining and lounge experiences, a high-end shopping esplanade, an advanced events center, and a theatre capable of hosting large production shows. The resort’s architecture is inspired by the natural landscape, with a design echoing the curved shape of the beach, reminiscent of a grand opera house.
In terms of environmental sustainability, Wynn Resorts has a notable commitment to renewable energy. Their properties, such as Wynn and Encore Las Vegas, use renewable energy to meet a significant portion of their energy needs. This commitment is likely to be a part of the Wynn Al Marjan Island resort as well.
The project, with an estimated cost of approximately US$3.9 billion, is a significant investment in the region. It is expected to enhance Ras Al Khaimah’s position as a potent investment and tourism hub, attracting both foreign investment and international visitors.
Overall, the Wynn Al Marjan Island resort is shaping up to be a major destination in the UAE, bringing a new dimension of luxury and entertainment to the region.
The Casino Effect
Historically, the introduction of a large-scale entertainment facility like a casino often leads to increased real estate demand in its vicinity. The casino is expected to attract a surge in tourism, which could, in turn, boost demand for both residential and commercial properties. This phenomenon, often termed as the “casino effect,” has been observed in various parts of the world where casinos have led to a revitalization of local real estate markets.
Residential Market Uplift
The Wynn Al Marjan Island is expected to draw a considerable number of visitors and expatriates, potentially leading to increased demand for housing. This demand could drive up property prices and rents, especially for high-end and waterfront properties. Additionally, the influx of casino staff and their families might create a steady demand for rental properties in the area.
Commercial and Retail Boom
The presence of a high-profile casino resort can significantly enhance the commercial appeal of the surrounding area. Retail spaces, restaurants, and other entertainment venues might see a spike in demand, potentially leading to higher rental yields for commercial property owners. The need for supporting infrastructure and services could also stimulate the development of new commercial projects.
Hospitality Sector Expansion
Given the expected increase in tourists, the hospitality sector in RAK could witness substantial growth. New hotels, serviced apartments, and resorts may emerge, catering to the diverse needs of visitors. This sector’s expansion could also have a multiplier effect, benefiting related industries like food and beverage, transportation, and tourism services.
Exploring Hospitality Gems: A Guide to Al Marjan Island’s Premier Hotels Post-Casino Launch
Following the launch of the casino on Al Marjan Island, Ras Al Khaimah, there will be several notable hotels in the area:
- Marjan Island Resort & Spa: This resort is managed by ACCOR and offers various accommodations, including one-bedroom Marjan suites with large living and dining areas, two-bedroom suites on the highest floor, three-bedroom suites with full sea views, and a luxurious Royal Suite
- Rixos Bab Al Bahr: This all-inclusive resort offers a range of room types, including Deluxe Rooms with garden, pool, or sea views, Premium Rooms with garden or sea views, and various suite options such as Kids Escape Family Suites, Two Bedroom Family Suites, and Interconnecting Family Suites
- Radisson Resort Ras Al Khaimah Marjan Island: The Radisson Resort features a variety of rooms and suites, including Standard Rooms, Superior Rooms, Family Rooms, Premium Rooms with sea views, Junior Suites, and One and Two Bedroom Suites. It’s a beachside resort with direct access to the beach and spectacular views
- Address Al Marjan Island: This is a resort-style development by Address Hotels + Resorts, offering a luxurious lifestyle with direct access to the beachfront. The properties include apartments, townhouses, and sea villas.
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Marriott Hotel: Known for its world-class service and luxurious amenities, the Marriott hotel on Al Marjan Island is expected to enhance the island’s appeal to both business and leisure travelers. With its commitment to quality and guest satisfaction, the Marriott hotel will likely offer a range of accommodations, from standard rooms to lavish suites, along with various dining options, a wellness center, and meeting facilities.
- Nikki Beach Resort & Spa: This resort promises a blend of upscale comfort and contemporary style, characterized by Nikki Beach’s signature modern, all-white décor and a vibrant beach club atmosphere. It typically features elegantly designed rooms and suites, gourmet restaurants, a relaxing spa, and an exclusive beach club known for its entertainment and events.
These hotels and resorts offer a variety of accommodations and amenities, catering to a wide range of preferences and needs, making Al Marjan Island a desirable destination for tourists and visitors to the area.