Developer Meraas Properties in Dubai

Meraas was established in 2007 under the leadership of Sheikh Majid bin Mohammed bin Rashid Al Maktoum, a member of Dubai’s ruling family. Since its inception, Meraas has focused on creating unique projects that blend modern design with functionality.

Meraas is a diversified holding company owning a portfolio of over 50 assets across the real estate, hospitality, retail, and entertainment sectors. The company comprises more than 1,500 employees working in various divisions, including project development, marketing, management, and maintenance.

Meraas actively develops projects in key Dubai areas such as Jumeirah Beach Residence (JBR), City Walk, Bluewaters Island, La Mer, and Al Seef. These locations are highly sought after due to their prestige, developed infrastructure, and appeal to both tourists and residents.

Meraas properties are characterized by high returns. Average rental yields for Meraas real estate reach between 7-9% annually, significantly above the regional average. Investments in the company’s projects demonstrate a stable capitalization growth of approximately 15% per year, providing investors with reliable and profitable investment opportunities.

Among Meraas’ successfully completed projects are City Walk — a modern urban complex featuring shops, restaurants, and entertainment venues; Bluewaters Island — home to the famous Ain Dubai observation wheel; La Mer — a beachfront area with beaches and cafes; and Al Seef — a cultural and entertainment district along Dubai Creek. All Meraas projects have been recognized for their innovative approach, high construction quality, and unique architectural designs.