Meraas Real Estate

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.

$ 379 000
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on 5%
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on 0%
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About the Company

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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.

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Meraas launches new ambitious projects

The company is also actively involved in the construction of residential complexes and has already completed more than a dozen projects. Within the City Walk Residences alone, 34 residential buildings were built. Meraas' extensive portfolio includes mid-rise buildings, townhouses, luxury villas, branded apartments, housing in resort areas and city centers. Soon, this collection will be expanded with high-rise residential complexes and self-sufficient remote communities.  

The company's projects often generate tremendous interest: for example, a penthouse in the under-construction exclusive Bulgari Lighthouse residential tower was recently sold for a record AED 410 million (USD 112 million), and apartments in the La Rive complex were sold out even before the official start of sales. Sometimes, project completion can be delayed by a whole year, as was the case with the La Côte complex in Port De La Mer. Reports on the progress of construction with photo and video materials can be found on the company's official website, where brochures, floor plans and payment schedules are also available for download.

The Acres

The Acres

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from $ 1 400 000
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Villas

283 - 558 m²

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Erin

Erin

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from $ 433 000
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Apartments, penthouses

72 - 620 sq. m.

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Design Quarter at d3

Design Quarter at d3

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from $ 509 000
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74 - 233 sq. m.

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Cherrywoods by Meraas

Cherrywoods by Meraas

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from $ 612 000
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Townhouses

207 - 245 sq. m.

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Elara

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from $ 626 000
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Jomana

Jomana

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$ 520 000
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74 - 317 sq. m.

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Company's Largest Projects

Bluewaters Island

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.

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ROI in this area reaches 7.5%

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%.

Port De La Mer

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.

a mid-rise elite waterfront community
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ROI in Community is 6.3%

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%.

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Marina Mikhalenko

Senior Property Consultant – Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
Metropolitan Expert
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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

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Marina Mikhalenko

Chief Real Estate Investment Expert at Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Consult with an expert

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

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