Meraas
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About the Developer
Meraas is a well-known private company based in Dubai that focuses on real estate and development projects. Established in 2007, Meraas became part of Dubai Holding in 2020. This decision was made under the direction of Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum, aiming to combine services and diversify Dubai's economy for a stronger global impact.
Today, Meraas Holding is a prominent company in Dubai's real estate scene. It is led by Chairman Sheikh Ahmed bin Saeed Al Maktoum, a key figure in the city. Meraas contributes to Dubai's growth through various projects in real estate, hospitality, leisure, and food, among other sectors. Their projects blend Arabic and European styles, creating unique developments in the city.
Meraas has an impressive portfolio with projects in upscale areas like Jumeirah Bay, Bluewaters Island, and Dubailand. Some of their successful projects include City Walk, The Beach, La Mer, and the Outlet Village, among others. Meraas uses innovative technology to improve the lives of Dubai residents.
Since it started, Meraas Properties has built over 80 million square feet of residential and commercial spaces in Dubai. This includes retail and 3,500 homes. As one of the biggest and most trusted developers in the UAE, Meraas creates luxury homes and hotels in the most desirable areas of Dubai.
Some of Meraas Properties' most popular projects include:
- Bluewaters Island: This impressive project features the world’s largest Ferris wheel, Ain Dubai, and the Madame Tussauds Museum of Wax Figures.
- Port De La Mer: A unique, high-end community with an artisanal touch.
- Bvlgari Resort & Residences Dubai: Luxury resort-style residences developed in partnership with the international brand Bulgari.
- Cherrywoods Townhouses and Nikki Beach Residences: These are premium gated communities that offer top-quality living spaces.
Since its opening in 2013, City Walk has become one of the best spots for shopping, fine dining, and is a favorite destination for both locals and tourists.
Meraas has many projects beyond those mentioned. Since its start, Meraas has been shaping Dubai with luxurious developments. Many of their projects are known outside the UAE due to their innovative ideas that make the city modern and appealing to tourists and investors.
In addition to leisure projects, Meraas also focuses on residential and commercial real estate. Their goal is to reach new heights in construction and create unique and comfortable spaces for living. Beautiful views, great locations, and private areas for sports and leisure are typical features of Meraas's luxury real estate projects.
Meraas properties for sale come with many perks, such as flexible payment plans and no fees to the Dubai Land Department (DLD) for buyers and investors. The developer offers luxury apartments and penthouses in top areas like Port De La Mer and Bluewaters Residence.
Investing in Meraas projects is smart for several reasons. The company is known worldwide for its stability, and its partnerships aim to make Dubai an even better place to live.
Meraas has a partnership with Carnival Corporation to create a Dubai Cruise Terminal, aiming to make Dubai a major maritime tourism hub. Another Meraas partner is Caesars Entertainment Corporation, known for Caesars Palace in Las Vegas. They are working together on Bluewaters projects like hotels, a beach club, and a conference center. Meraas, along with Meydan and the Dubai Roads and Transport Authority, developed the Dubai Water Canal. Dubai Hills Estate is a joint venture between Meraas and Emaar Properties, as well as Rove Hotels.
Dubai's strong economy and stable housing prices make buying property from Meraas a smart investment. You can expect high returns of 6% to 9% ROI per year. Buying off-plan properties from developers like Meraas offers convenient payment plans and lower prices compared to finished properties. As construction nears completion, real estate prices rise, giving you potential to earn more when you resell your chosen property.
Popular Projects by Meraas
Bluewaters Residences
Bluewaters Residences on Bluewaters Island offers a range of 1-4 bedroom apartments, 5-bedroom penthouses, and 4-5 bedroom townhouses. These apartments feature amazing views of the sea, Ain Dubai, Dubai Marina, gardens, or well-lit boulevards.
Bluewaters Residences is just a 5-minute drive from Dubai Marina and has easy access to Sheikh Zayed Road, letting you reach downtown Dubai in about 20 minutes.
Bluewaters is great for singles and families who want a mix of quiet waterfront living and lively city life. The residences are suitable for both living and renting.
Prices for a 1-bedroom apartment with an area of 1,148 sq.ft in Bluewaters Residences start from AED 2.3M (USD 640K). A 9,405 sq.ft penthouse is priced at AED 27M (USD 7.35M), and a 6,531 sq.ft five-bedroom townhouse costs AED 17M (USD 4.63M).
The complex was finished in 2019, so rental properties are available, starting at AED 130K (USD 36K) per year. Return on investment in this area is around 5% per year and may go up as Bluewaters Island develops further.
Port De La Mer
Port De La Mer is a well-loved low-rise residential complex in Dubai, situated in Jumeirah 1. The buildings have a Mediterranean design and offer luxury seaside living with access to a marina for 190 yachts and a private beach with views of Pearl Jumeirah. Buyers can choose from 1-5 bedroom residences and enjoy top-notch amenities like private landscaped terraces, family parks, pools, fitness clubs, hotels, restaurants, cafes, and leisure facilities.
This Meraas project is made up of 6 phases: La Cote, Le Pont, La Rive, Sur La Mer, La Voile, and La Sirene, each with its own set of high-quality amenities. Prices for one-bedroom apartments in Port De La Mer start at AED 1.4M (USD 381K).
La Sirène
La Sirène is the latest addition to Port de La Mer, located in Jumeirah 1. This Mediterranean-inspired beachfront spot offers a range of cafes, restaurants, retail outlets, and hotels along the promenade. The area features lovely seaside and marine walkways, beautiful pools, and private amenities, making it a great place to live. It also offers quick access to downtown; you can reach City Walk, Dubai Mall, and other popular attractions within a 20-minute drive.
You can choose from apartments with 1 to 4 bedrooms, or a more exclusive 6-bedroom penthouse. Every apartment comes with a marina view and a terrace or balcony. Prices for a 1-bedroom apartment with 840 sq. ft. start at AED 1.2M (USD 346K).
The project is expected to be completed around Q1 2024. Meraas offers a payment plan in 6 installments, with 10% due at booking. The final payment, which is 50% of the total apartment price, is made at handover. Returns on investment in this area are around 5% per year.
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Kingdom Capital Real Estate
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Office 513, AB centre, sheikh Zayed road, Dubai, UAE
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