MERAAS Dubai

Meraas was founded in 2007 and is headquartered in Dubai, United Arab Emirates. In June 2020, under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Meraas became part of Dubai Holding. Today it operates as a flagship brand under Dubai Holding Real Estate, alongside Nakheel and Dubai Properties.

That ownership structure matters more than most buyers realise. Being backed by the ruling family’s investment company gives Meraas government level financial stability, access to prime land in areas most private developers can never touch, and the capacity to build entire districts rather than single towers.

Meraas is not only a residential builder. Since 2007 the group has launched projects across real estate, retail, hospitality, food and beverage, leisure and entertainment, and healthcare. Its real estate arm covers property development, sales and asset management across Dubai.

The company’s approach is what sets it apart. Instead of adding standalone buildings to the skyline, Meraas builds complete destinations where homes, shops, restaurants, hotels and public spaces sit inside one master plan. City Walk and Bluewaters Island are the clearest examples. Every residential launch is anchored by a retail or leisure destination that gives the community life from day one.

According to published portal data, Meraas has delivered over 80 million square feet of residential and commercial property in Dubai, including more than 3,500 residential units, since its founding. Bayut records that as of 2025 the developer has delivered over 50 landmark ventures across real estate, tourism, hospitality, leisure and retail, and currently lists 106 active off plan projects by Meraas in Dubai. Property Finder lists 63 new and off plan Meraas projects on its platform.

Beyond housing, Meraas built some of the city’s most visited attractions: Ain Dubai, the world’s largest observation wheel on Bluewaters Island, plus Al Seef on Dubai Creek, Boxpark, The Beach at JBR, The Outlet Village, and Dubai Harbour, launched in 2019 as the largest marina in the Middle East and North Africa with 1,100 berths.

This is the full picture of where Meraas builds, confirmed through Bayut and Property Finder listings:

• City Walk, Al Wasl: the developer’s signature urban district, home to delivered residences plus Central Park (Fern, Erin, Laurel, Castleton, Thyme), City Walk Crestlane, City Walk Northline and Verve
• Bluewaters Island: Bluewaters Residences, Bluewaters Bay and Ain Dubai
• Madinat Jumeirah Living, Umm Suqeim: Lamaa, Al Jazi, Jomana, Riwa and Nourelle, all steps from the Burj Al Arab
• La Mer and Port de La Mer, Jumeirah: La Cote, La Voile, Le Pont, Sur La Mer, Solaya and the ultra luxury Jumeirah Asora Bay
• Jumeirah Bay Island: Bulgari Resort and Residences, Bulgari Lighthouse, Bulgari Ocean Mansions and Villa Amalfi
• Nad Al Sheba: Nad Al Sheba Gardens, now running past its tenth phase of villas and townhouses
• The Acres, Dubailand: a park focused villa community opposite Arabian Ranches with swimmable lagoons and themed gardens
• Dubai Design District (d3): Design Quarter, Atelis and The Edit, all facing the Dubai Water Canal
• Sheikh Zayed Road: Jumeirah Residences Emirates Towers, unveiled in 2025
• Pearl Jumeirah: Nikki Beach Resort and Residences
• Dubailand outskirts: Cherrywoods townhouses

The range runs from apartments priced around AED 1.4 million in Madinat Jumeirah Living to penthouses above AED 70 million at Bulgari Lighthouse, which tells you Meraas serves both first time buyers and the ultra wealthy inside the same portfolio.

Meraas is privately held and does not publish standalone annual revenue, so any website quoting exact yearly figures for the company alone is guessing. What the verified record does show is a clear expansion arc:

2020: Meraas joined Dubai Holding, gaining the balance sheet strength of a group whose assets exceed AED 130 billion.

2021 to 2022: Ain Dubai opened on Bluewaters and the group continued handovers at Port de La Mer and Madinat Jumeirah Living while Dubai’s total property transactions climbed from AED 69.8 billion in 2020 to AED 265.5 billion in 2022, based on Dubai Land Department data.

2023: Meraas launched The Acres in Dubailand, its first large suburban villa master plan, and Bulgari Lighthouse on Jumeirah Bay Island.

2024: Dubai Holding Real Estate consolidated Nakheel and Meydan into the group, and market reports tracking the sector put its residential sales momentum at AED 19 billion for the year. The final two Bulgari Lighthouse penthouses later sold for a combined AED 282 million, among the most expensive apartment deals in Dubai’s history.

2025 to 2026: Market reports compiling Dubai Land Department data ranked Meraas among Dubai’s top five developers by sales value, behind Emaar, DAMAC, Nakheel and Sobha. It unveiled Jumeirah Residences Emirates Towers on Sheikh Zayed Road, Jumeirah Asora Bay, The Edit at d3, and in January 2026 announced an 18 million square foot expansion of Dubai Design District. Its parent, Dubai Holding Real Estate, now oversees a land bank exceeding 752 million square feet.

Put simply, the company went from a respected destination builder to one of the highest selling residential developers in the city within five years, and it did that without leaving Dubai. Meraas has never diluted its focus with international projects, which is rare among developers of this size.

Three things come up again and again in verified portal data. First, timely handovers, which Bayut specifically credits the developer for. Second, prime freehold locations, since expats can buy Meraas off plan property with full ownership rights, and units from AED 2 million can qualify buyers for a UAE Golden Visa. Third, flexible payment plans, typically structured as 50/50, 60/40, 70/30 or 75/25 with booking deposits of 10 to 20 percent.