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Meraas
History and Background
- Founded: 2007
- Headquarters: Dubai, United Arab Emirates
- Ownership: Meraas is a private company and a subsidiary of Dubai Holding, which is owned by the Government of Dubai.
Overview
- Meraas is a Dubai-based holding company and developer known for creating innovative urban destinations that combine modern design, leisure, culture, and community living. Its developments are designed to enhance Dubai’s position as a global tourism, retail, and real estate hub.
- Meraas is behind some of Dubai’s most popular lifestyle and entertainment districts, blending waterfront living, retail experiences, and outdoor environments.
Key Milestones in Meraas’ History
- 2007: Meraas is established with the goal of supporting Dubai’s economic diversification and urban development.
- 2013–2015: Starts delivering iconic mixed-use developments across the city, including beachfront and entertainment-focused projects.
- 2017: Launches Bluewaters Island, including Ain Dubai — the world’s tallest observation wheel.
- 2018–2019: Integrates more closely with Dubai Holding, consolidating government-owned real estate portfolios for efficiency and scale.
- 2020–Present: Focuses on revitalizing heritage districts, creating sustainable communities, and expanding retail and tourism sectors.
Notable Developments by Meraas
- Bluewaters Island – Home to Ain Dubai, residential towers, retail outlets, and hotels.
- City Walk – An open-air urban destination with boutique retail, fine dining, and entertainment in a pedestrian-friendly environment.
- La Mer – A beachfront development with cafes, shops, and water activities.
- Boxpark – A unique retail concept made from repurposed shipping containers.
- The Outlet Village – A Tuscan-themed luxury outlet mall.
- Al Seef – A waterfront cultural destination that celebrates Dubai’s heritage along the Creek.
Upcoming/Recent Projects
- Port de La Mer – A seafront residential community offering marina views and Mediterranean-inspired architecture.
- Dubai Harbour – A mega marina and cruise terminal project with waterfront residences and hotels.
- Central Park at City Walk – A green residential community in the heart of Dubai.
- And ATELIS RESIDENCE in D3 recently
Legacy and Strategic Role
- Meraas plays a strategic role in diversifying Dubai’s economy beyond oil by investing in real estate, hospitality, tourism, retail, and entertainment. As part of Dubai Holding, it benefits from synergies with other state-backed entities, helping execute Dubai’s long-term urban development vision.
