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Wynn Resorts secures $2.4B for UAE luxury resort

Key Takeaways

Wynn Resorts has secured financing of USD 2.4 billion for the construction of Wynn Al Marjan Island in the United Arab Emirates (UAE). The integrated resort in Ras Al Khaimah will be the first of its kind in the region. The opening is planned for 2027.

Financing Details and Construction Progress

The financing is structured as a “Delayed Draw Facility,” providing project partners with flexibility in fund utilization. The loan has a seven-year term and competitive interest rates.

Construction is progressing rapidly: 64% of the structural concrete for the main tower and elevator cores has already been completed. The construction management team plans to complete one floor per day to celebrate the topping-out ceremony by December 2025.

Wynn Al Marjan Island: A New Luxury Resort

The resort will offer 1,542 rooms, with 1,226 located in the main tower. The design and execution are being handled by Wynn Design and Development in collaboration with Marjan and RAK Hospitality Holding.

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The resort’s location has been strategically chosen: Just 50 minutes from Dubai International Airport, it aims to serve as a luxurious travel destination on the coast of Ras Al Khaimah.

Significance for Wynn Resorts

With this project, Wynn Resorts strengthens its position in the global hospitality market. A company spokesperson emphasized that the resort will set new standards for luxury and hospitality in the UAE.

Our Assessment

The financing demonstrates investor confidence in the project and Wynn Resorts’ expansion strategy. The rapid construction pace suggests that the timeline can be met. If the resort opens as planned, it could play a key role in the UAE’s growing tourism sector.

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