Meraas was founded by Sheikh Ahmed bin Saeed Al Maktoum in 2007. In 2020, Dubai Holding became the parent company of Meraas. Meraas is not only active in real estate but also in the tourism, retail, leisure and entertainment, hospitality, and healthcare sector. Meraas is a private company headquartered in Dubai, UAE. Since its inception, Meraas has shaped numerous projects in shaping Dubai’s urban landscape. They have delivered over 80 million square feet of residential and commercial properties, including more than 3,500 residential units. Its developments, such as Ain Dubai, City Walk, and Bluewaters Island, have become iconic destinations, reflecting Dubai's modernity and innovation.
Meraas has a strong financial base that sets it apart in the market. The estimated value of Meraas’ assets is around an impressive $1.4 billion. When it comes to land, Meraas holds more than 700 hectares, which includes a mix of residential and commercial properties. This means they have ample space for homes, offices, and more, adding a lot of variety to what Dubai has to offer. Being a part of Dubai Holding has made the company stronger financially. This means they have more money and resources to work on large-scale projects and team up with other strategic partnerships.
Meraas has played a significant role in transforming Dubai’s urban landscape through a series of iconic developments that blend luxury, innovation, and a sense of community. Here’s a look at some of their standout projects that illustrate what makes them special. Bluewaters Island is a man-made island located just 400 meters from Jumeirah Beach Residence, boasting a $1.6 billion price tag. It features Ain Dubai, the tallest observation wheel in the world at 250 meters, offering stunning skyline views. Bluewaters includes 10 mid-rise residential buildings, luxury hotels, and over 200 retail and dining options, attracting more than three million visitors annually. City Walk is an urban hub spanning over 900,000 square meters in the Al Wasl community, opened in 2016. It mixes residential, commercial, and entertainment spaces, with attractive spots like the Coca-Cola Arena and The Green Planet bio-dome, promoting community interaction. La Mer, located in Jumeirah 1, is a vibrant beachfront development perfect for leisure and entertainment, featuring beautiful beaches alongside diverse dining and shopping options for locals and tourists. Al Seef is a waterfront area along Dubai Creek that blends traditional Dubai architecture with modern design. Opened in 2017, it celebrates the city’s heritage while providing lively retail and dining experiences. The Beach at JBR is an entertainment complex right on the beach, with four unique plazas full of shops and dining options, offering a vibrant seaside experience where relaxation meets activities. Meraas’s projects reflect their commitment to creating lively communities that enhance Dubai’s urban experience, contributing to an extraordinary place to live and visit.
As Meraas is part of Dubai Holding Real Estate, and recently, they signed a huge contract worth over AED 2 billion with Arabian Construction Company LLC. This partnership will begin the construction of Design Quarter at d3. Excitingly, this will be the very first residential community in the Dubai Design District (d3), which is all about creativity and design on a global scale. In 2024, Visionary Real Estate LLC received the notable Meraas Black Onyx Award, which is a big deal. This award highlights how dedicated they are to building strong relationships and delivering top-quality projects.
At Meraas, the focus on sustainability and community engagement is at the heart of everything they do. The Visit Hatta initiative is one of the examples which not only promote eco-tourism but also invite people to explore the adventure and rich cultural experiences that the Hatta region has to offer.Then there's Al Seef, a vibrant 1.8 km waterfront path that beautifully intertwines Dubai’s heritage with modern flair. It’s a place for the community to come together, encouraging connections while enjoying the beautiful views and diverse activities available along the waterfront.Another captivating gem is The Green Planet, an indoor tropical rainforest home to more than 3,000 plants and animals. This project goes beyond mere aesthetics; it serves as a vital platform for environmental education, raising awareness about biodiversity and sustainability. Lastly, the Hala China Initiative is all about strengthening ties through economic and cultural exchanges between Dubai and China. This partnership opens doors for collaboration and learning, enriching the community as a whole.All these initiatives demonstrate Meraas’s dedication to creating sustainable environments and vibrant community spaces that bring people together and celebrate culture and nature.
