Meraas
About Meraas Holding in Dubai
Meeras is a private holding company headquartered in Dubai that is dedicated to projects and real estate development. Meraas, which has existed since 2007, has been part of Dubai Holding from 2020. The move was made in accordance with the Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum, where the idea was to combine services, diversify the economy of Dubai and maximize its influence on the global market.
Nowadays Meraas Holding is one of the most well-known companies specializing in real estate in the Emirate. The Chairman of Meraas is Sheikh Ahmed bin Saeed Al Maktoum, one of the most remarkable individuals in Dubai. The company provides Dubai’s development with various projects in real estate, hospitality, leisure, food as well as other spheres. Meraas creates innovative projects in Dubai which are distinguished with a mix of Arabic and European styles.
Meraas has an immersive portfolio as the company has projects in exclusive areas such as Jumeirah Bay, Bluewaters Island and Dubailand. Among other successfully implemented projects are City Walk, The Beach, La Mer, the Outlet Village and much more. Meraas uses innovative technologies to make the lives of Dubai residents better.
Since its inception, Meraas Properties has developed over 80M sq.ft. of residential and commercial real estate in Dubai, including retail and 3,500 residential units. As one of the largest and most reliable developers in the UAE, Meraas is creating luxury residences and hotels in the most sought-after areas of the emirate. The most popular Dubai properties by Meraas for sale include:
The developer’s most popular projects include:
- The multibillion-dollar project of the artificial Bluewaters Island, home to the world’s largest Ferris wheel, Ain Dubai, and the Madame Tussauds Museum of Wax Figures.
- Port De La Mer, an exclusive artisanal community.
- Luxury resort-style residences Bvlgari Resort & Residences Dubai, developed in collaboration with the international brand Bulgari.
- The first-class gated community of Cherrywoods Townhouses and the premium Nikki Beach Residences.
- Since its opening in 2013, City Walk has become one of the best places for shopping, fine dining, and a favorite destination for locals and tourists alike.
These are far from all the projects launched by Meeras. From its foundation days to now, Meraas continues to improve the shape of Dubai with luxurious projects. It’s worth noting that most of their projects are known outside the United Arab Emirates as the company realizes and executes innovative ideas which make the city modern and attractive to both tourists and investors.
Besides projects in leisure, Meraas has also launched residential and commercial real estate projects. The mission of Meraas is to develop new heights in construction and create projects which will be unique and comfortable for living. Beautiful views, convenient location and private territories with areas for sports and leisure activities are inherent to the luxurious Meraas real estate projects.
Economic Attractiveness of Meraas Properties
Meraas properties for sale have many benefits and special features, including attractive payment plans and waived DLD fees for buyers and investors. In addition, the developer offers a wide range of exclusive properties, namely luxury apartments and penthouses in some of the best developments in Dubai, such as Port De La Mer or Bluewaters Residence.
Why is it economically proficient to invest in Meraas’ projects? Firstly, the company has established itself as stable and is widely known worldwide. Secondly, Meraas has a range of partners to make Dubai a better place to live.
Meraas is in a strategic partnership with Carnival Corporation, which aims to build a Dubai Cruise Terminal to make it a major maritime tourism hub. Another Meraas partner is Caesars Entertainment Corporation, known for Caesars Palace in Las Vegas. Together they are working on Bluewaters projects such as hotels, a beach club and a conference center. The Dubai Water Canal was produced by the efforts of Meeras, Meydan and the Dubai Roads and Transport Authority. Dubai Hills Estate is also a joint venture of Meraas and Emaar Properties, as well as Rove Hotels.
The strong economy and stable housing prices in Dubai make buying property from Meraas a great investment option, providing a high return on investment at 6% to 9% ROI per annum. When buying off-plan properties from developers like Meraas, investors can count on convenient payment plans and lower prices compared to finished properties. In addition, as construction nears completion, real estate prices rise, which will allow you to add capital when you resell your chosen property.
Popular Projects by Meraas
All Meraas developments are ideal investments, looking at Dubai’s development and attractiveness. In case you want to invest in real estate or buy a property for yourself, take a look at Meraas’ projects. One of the most popular developments is Bluewaters Residences, Central Park at City Walk and Port de La Mer.
Bluewaters Residences
One of Meraas’ real estate projects on Bluewaters Island is Bluewaters Residences, a wide range of 1-4 bedroom apartments and a limited collection of 5-bedroom penthouses and 4-5-bedroom townhouses ranging in size. All apartments boast incredible views of the sea, Ain Dubai, Dubai Marina, a garden or one of the many beautifully lit boulevards. Bluewaters Residences is just a 5-minute drive from Dubai Marina and is directly connected to the Sheikh Zayed Road, which allows you to reach downtown in 20 minutes.
Bluewaters is an ideal place for living for both singles and families who want to be close both to the quiet waterfront and noisy city life. Bluewaters Residences are a good investment both for living and renting. The price for a 1 bedroom apartment with a 1,148 sq.ft area in Bluewaters Residences starts from AED 2.3М (USD 640К). The asking price for a 9,405 sq.ft penthouse is AED 27M (USD 7.35M) and a 6,531 sq.ft five-bedroom townhouse is AED 17M (USD 4.63M).
Since the complex was fully commissioned in 2019, there are also properties available for rent here, with prices starting from AED 130К (USD 36К) per year. Return on investment in real estate in this area is from 5% per year. And it might grow after the development of Bluewaters Island.
*The price is valid for 2023
Port De La Mer
Port De La Mer is one of the most popular low-rise residential complexes in Dubai, located in Jumeirah 1. The buildings are designed in a Mediterranean style, and you can find luxury seaside recreation, as well as access to the marina for 190 yachts and a private beach overlooking Pearl Jumeirah. Buyers are presented with residences of 1-5 bedrooms as well as full access to first-class amenities such as private landscaped terraces, family parks, swimming pools and fitness clubs, 4 and 5-star hotels, restaurants, cafes and leisure facilities.
This Meraas project is divided into 6 phases: La Cote, Le Pont, La Rive, Sur La Mer, La Voile and La Sirene, each offering residences with their own set of premium amenities. One-bedroom apartments in Port De La Mer start at AED 1.4M (USD 381K).
*The price is valid for 2023
La Sirène
La Sirène is the latest addition to Port de La Mer, set in the Jumeirah 1 district and is an ideal beachfront destination, inspired by the Mediterranean. Port de La Mer is considered one of the most prospective Dubai projects with various spaces located along the promenade from cafes restaurants to retail outlets and hotels which are easily connected. Seaside and marine promenades, fascinating swimming pools and private amenities make this place ideal for living. Another benefit is fast connectivity to downtown. City Walk, Dubai Mall and other popular sights can be reached in a 20-minute drive of the development.
There is a selection of apartments from 1 to 4-bedrooms, with a more exclusive option of a 6-bedroom penthouse. Each of the apartments boasts a marina view and a terrace or balcony. The cost of a 1-bedroom apartment with a 840 sq.ft area is AED 1.2M (USD 346K).
The estimated construction completion date is around Q1 2024. Meraas proposes a payment plan divided into 6 installments with 10% upon booking. The last payment is equivalent to 50% of the whole apartment price which can be made at handover. Return on investment in real estate in this area is from 5% per year.
*The price is valid for 2023