Meraas is a large holding company based in Dubai that actively invests in real estate, tourism, hotel and restaurant business, healthcare, and other sectors of the UAE economy.
Meraas is a large holding company based in Dubai that actively invests in real estate, tourism, hotel and restaurant business, healthcare, and other sectors of the UAE economy. Founded in 2007 as a private enterprise, the company became part of the Dubai Holding State Investment Group in 2020, whose shares are almost entirely owned by the ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. Currently, Meraas' board of directors is led by Sheikh Ahmed bin Saeed Al Maktoum, a member of the ruling royal family, also known as the founder and head of the largest Middle Eastern aviation holding, The Emirates Group.
As a general contractor, Meraas has implemented a number of projects that have become iconic for Dubai. This list includes the construction of Dubai Harbour, a cruise port and yacht marina covering about 2 sq. km, artificial islands Bluewaters Island, Jumeirah Bay, and Pearl Jumeirah, the commercial and residential area of City Walk, popular coastal locations La Mer and The Beach JBR, 3-kilometer Dubai Water Canal promenade, and 2-kilometer Al Seef promenade. The company's portfolio includes the construction of the world's largest observation wheel, Ain Dubai, the opening of unique multifunctional complexes Coca-Cola Arena and Museum of the Future, and the launch of the first resort under the Bulgari brand in the region.
One of Meraas' largest projects is the construction of the artificial island Bluewaters Island, located next to another famous resort area - Dubai Marina. The western part of the island is occupied by the residential complex Bluewaters Residences, consisting of ten buildings with heights of 9, 13 and 15 floors. The complex offers about 700 apartments with 1-4 bedrooms, 17 townhouses and 4 exclusive penthouses with five bedrooms. Also provided are several pools and fitness centers, sports and children's playgrounds, landscaping and well-equipped places for recreation.
On the west side of the complex is a microdistrict with numerous shops, restaurants, cafes, and salons grouped around the giant Ain Dubai Ferris wheel. Here you can also find the Madame Tussauds Dubai wax figure museum, bowling, trampoline center, and other entertainment venues. On the north part of the island is the five-star Caesars Palace hotel.
The island is well connected to the mainland of the city by sea transport and a car bridge leading to Sheikh Zayed Road. It can be reached from the JBR area via a pedestrian bridge. Thanks to its own infrastructure and proximity to Dubai Marina and Palm Jumeirah attractions, rental property on the island is in high demand, providing an ROI of up to 7.5%.
Another major project is the Port De La Mer, a mid-rise elite waterfront community. It is located on an artificial peninsula that extends from the popular La Mer beach area, also built by Meraas. Surrounding a cozy marina with a modern yacht club and a 190-berth harbor are terraced Mediterranean-style buildings that form six residential complexes. Each complex has its own pools, fitness centers, children's playgrounds, and other amenities, while a beautiful promenade with a public park, restaurants, and shops will connect all parts of the community. Port De La Mer residents also have access to a private beach, near which several luxury hotels are planned to be built.
Port De La Mer offers more than two thousand modern residential units, including 1-5 bedroom apartments and penthouses. As one of the few projects that represent full ownership rights to foreigners in the prestigious Jumeirah area, there is a high level of interest. There is expected to be significant demand for rental properties in this elite area, and ROI can reach up to 6.3%.
Our experts will help you choose the best. You will get full information about the object you are interested in and the available layout options
By submitting this form, you agree to the Privacy Policy
.svg)
Senior Property Consultant – Metropolitan Premium Properties
.webp)
Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts
By submitting this form you agree to our privacy policy.
Chief Real Estate Investment Expert at Metropolitan Premium Properties
Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts
By submitting this form you agree to our privacy policy.
.svg)
Our experts will help you choose the best. You will get full information about the object you are interested in and the available layout options
By submitting this form, you agree to the Privacy Policy
