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, City Walk, Bluewaters island, Bulgari Resort, Nikki Beach Resort, Spa & Residences and Villa Amalfi in Jumeirah bay. In 2019 Meraas launched its latest destination, Dubai Harbour. The proposed development was promoted as "the largest marina in the Middle East and North Africa", comprising a total of 1,100 berths. It was also due to be home to the 135-metre Dubai Lighthouse. In 2021, Meraas unveiled Ain Dubai. 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. During construction, the structure was described as the "largest Ferris wheel in the world".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 operations 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 Saray, and Al Seef Hotel, Nikki Beach Resort & Spa. 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 UAE. Its developments have included Bluewaters Residences, a collection of one to four-bedroom apartments, penthouses and townhouses located on the man-made island of Bluewaters. The first phase of Bluewaters Residence was handed over to residents from February 2019. Other developments include Bvlgari Residences, a series ofDestinations
Al Seef Al Seef is a 1.8-kilometre waterfront promenade. It has a marina with 56 berths for private yachts. Bluewaters Bluewaters features residential, retail and hospitality zones bordered by walkways and a private beach. The destination is home to Ain Dubai, the world's tallest and largest observation wheel that stands at a height of 250+ metres. Boxpark In 2015, Meraas launched Boxpark, a destination spanning across 1.2-kilometres located on Al Wasl road. City Walk In December 2013, Meraas launched City Walk, an open-air lifestyle destination. Dubai Harbour In January 2017, His Highness ShaikhEnterprises
The enterprise division is responsible for the management of shareholders’ investments, joint ventures and commercial partnerships. The division assesses business opportunities and engages partners that add value to the firm's portfolio. This division manages Dubai Parks and Resorts, Rove Hotels, Dubai Hills Estate, Dubai Water Canal, Caesars Bluewaters Dubai and Dubai Cruise Terminal. Dubai Cruise Terminal, located in Dubai Harbour, is proposed to include two cruise terminals, capable of accommodating up to three cruise ships concurrently and up to 13,200 passengers. Caesars Bluewaters Dubai, a strategic partnership by Meraas and Caesars Entertainment Corporation, includes two hotels, a beach club and theatre to the man-made island of Bluewaters Island. DXB Entertainments, a Meraas company, is the largest leisure and entertainment company in the region and the owners of Dubai Parks and Resorts, the region's largest integrated theme park destination which is responsible for the operation of Roxy Cinemas and Shooting Stars. Rove Hotels is a contemporary hospitality brand. Dubai Hills Estate, a joint venture by Meraas andInitiatives
In 2018, Meraas launched Visit Hatta, an initiative which comprises an adventure and activity centre, and a number of resort properties. The company is also responsible for implementing Hala China, a joint initiative by Meraas andReferences
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