fairyland vs faery

fairyland and faery both are nouns.

Word	Noun	Adjective	Verb	Adverb
fairyland	Yes	No	No	No
faery	Yes	No	No	No

As nouns, fairyland and faery are synonyms defined as:

Other synonyms of fairyland include faerie.

fairyland (noun)	faery (noun)
something existing solely in the imagination (but often mistaken for reality)	the enchanted realm of fairies
the enchanted realm of fairies	a small being, human in form, playful and having magical powers