Colliers International predicts that Wynn Resorts’ planned hotel in Ras Al Khaimah, set to open in 2027, will revolutionize tourism in the region, drawing in 5.5 million visitors by 2030, exceeding the targeted number of 3 million. The Wynn Al Marjan Island Resort, valued at over $2 billion and the largest foreign direct investment project in the emirate, will feature 1,200 hotel rooms, 20,000+ square meters of retail and food and beverage space, and dedicated gaming facilities.
Colliers anticipates that the opening of the resort will trigger significant demand, resulting in over 3.8 million visitors by 2027 and continued growth, positively impacting the economy across all factors. The top five international markets for tourism in Ras Al Khaimah in 2022 were Russia, Kazakhstan, the UK, Germany, and India, according to the report.