Meraas is a privately held holding company headquartered in Dubai with operations and assets in the United Arab Emirates. As of 2020, Meraas was reportedly due to become a subsidiary of Dubai Holding.
Type Private company
Founded 2007
Headquarters Dubai, United Arab Emirates
Products Real estate, tourism, retail, F&B, leisure and entertainment, hospitality, healthcare
Parent Dubai Holding
History
Since its founding in 2007, the Dubai-based conglomerate has launched several projects in multiple sectors including real estate, retail, hospitality, food and beverage, leisure and entertainment and healthcare. Sheikh Ahmed bin Saeed Al Maktoum serves as the Group Chairman of Meraas.
The Meraas real estate portfolio comprises property development sales and asset management across Dubai. Projects include Port de La Mer, Central Park at City Walk, Cherrywoods, Bluewaters Residences, Bvlgari Residences, Nikki Beach Residences and Villa Amalfi.
In 2019 Meraas launched its latest destination, Dubai Harbour. When complete, the development will become the Middle East’s first yachting community hub and the largest marina in the Middle East and North Africa, comprising a total of 1,100 berths. It is also due to be home to the 135-metre Dubai Lighthouse.
In 2020 Meraas is set to open Ain Dubai.[9] Standing at more than 250-metres tall and has over 9,000 tonnes of steel, the Ain Dubai is located on the Bluewaters island destination. The structure is set to be tallest observation wheel once complete in time for Expo 2020 Dubai.
Lines of business
The firm’s real estate division comprises property development sales and asset management. Projects include City Walk, Bluewaters Island, Jumeira Bay, Pearl Jumeira, La Mer, and Dubai Harbour. In 2019, Meraas launched its first townhouse community in Dubai, Cherrywoods.
The firm’s “Leisure & Entertainment” division operates entertainment destinations and venues, including the Dubai Safari. Other projects include The Green Planet in City Walk, a destination that recreates a tropical forest, Hub Zero in City Walk, an indoor entertainment centre comprising rides and virtual reality experiences, Hawa Hawa in La Mer, an inflatable playground, and Ain Dubai in Bluewaters, the world’s tallest observation wheel.
The hospitality division handles hotel operation for the group and has partnered with hotel operators such as Bvlgari Hotels and Resorts, Jumeirah, Marriott, Nikki Beach Hotels and Resorts, Caesars Entertainment. Meraas Hospitality properties include La Ville Hotel & Suites, Caesars Palace Bluewaters Dubai, Caesars Resort Bluewaters Dubai, Zabeel House, Zabeel House MINI and Al Seef Hotel.
Meraas also has a retail division, food and beverage division, and a healthcare division.The latter include the Valiant Clinic in City Walk.
Real estate
Meraas’ real estate division comprises property development, sales and asset management across Dubai.
Bluewaters Residences
Bluewaters Residences is a collection of one to four-bedroom apartments, penthouses and townhouses located on the man-made island of Bluewaters. The properties are set over a podium that is designed to capture views of the Persian Gulf. Handover to first residents started in February 2019.
Bvlgari Residences
Bvlgari Residences is located in Jumeira Bay and comprises one to three-bedroom apartments, four-bedroom penthouses and three to six-bedroom mansions. The development has been designed by Italian architect Antonio Citterio and is one of only six Bvlgari branded residences globally. First handover to residents was announced in February 2018.
Central Park at City Walk
Central Park at City Walk is a residential neighbourhood which will surround a 40,000 square metre private park in the heart of Dubai. The one to four-bedroom apartments will offer residents views of the park as well as of Dubai’s skyline.
Nikki Beach Residences
Nikki Beach Residences are a set of branded homes adjacent to Nikki Beach Resort & Spa Dubai in Pearl Jumeira. The development includes one to four-bedroom apartments, penthouses and apartment townhouses. Handover to residents started in March 2018.
The company also owns a number of real estate plots in Dubai, including Jebel Ali Hills, Jebel Ali Industrial Development, Jumeira Bay, La Mer, Nad Al Sheba Gardens, Al Mamzar Front, Al Satwa, Al Warsan First Redevelopment and Al Warsan Industrial Plot.
