Meraas

When locals and tourists look for the best places to visit in Dubai, they all consider a handful of unique projects, including Kite Beach, Last Exit, Boxpark, The Beach, City Walk, La Mer and Al Seef. These projects have one thing in common: having been developed by Meraas, one of the few developers that has managed to carve a niche in the competitive UAE market.

The government-owned holding company operates in such sectors as food, retail, leisure, hospitality, health and education. Renowned for creating innovative urban living destinations, Meraas’ latest feather in its cap is the AED6 billion ($1.63 billion) Bluewaters Island off the coast of the Jumeirah Beach Residence, which opened at the end of 2018. The project features a 210m-high Ferris wheel, and has an automated system of driverless vehicles to the island from the nearby Nakheel Harbour and Tower metro station.

Meraas is developing a brand new 1.9 million sq m project called Dubai Harbour, which was announced by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai. It will be located between the Jumeirah Beach Residence and Palm Jumeirah.

Although Meraas is one of the newest entrants into the Dubai property market, it has already made its mark on the world stage.