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  • Founder: Dubai Holding
  • Head Office: UAE, Dubai
  • Year of Establishment: 2007
  • Flagship Projects: Bluewaters Island & City Walk

MERAAS

Introduction to Meraas

Meraas is one of Dubai’s prominent lifestyle-focused developers, emphasizing the creation of modern, experience-driven urban spaces that differ from traditional residential developments. The company has played a key role in redefining urban living in Dubai through projects that combine residential, recreational, cultural, retail, and public spaces.

Today, Meraas operates as part of Dubai Holding, and its projects are often located in prime and strategic areas of the city.

History and Management Structure

Meraas was established in 2007 and later became one of the urban development arms of Dubai Holding. Unlike common perceptions, Meraas is presented as a developer brand rather than a company led by a well-known CEO; its management is integrated within the broader Dubai Holding structure.

This distinction is important for professional accuracy, as attributing Meraas to specific executives is not entirely precise.

Key and Recent Meraas Projects:

Meraas is best known for its urban, waterfront, and lifestyle-oriented developments. Notable projects include:

  • City Walk – A modern urban district combining residential, commercial, dining, and cultural spaces

  • Bluewaters Island – A luxury island near JBR, home to Ain Dubai (Dubai Eye)

  • Port de La Mer – A low-density, Mediterranean-inspired coastal development

  • La Mer – A recreational and tourist-focused beachfront area (under redevelopment)

  • Jumeirah Bay Island – An ultra-luxury villa island emphasizing privacy

  • Central Park at City Walk – A new residential project with a focus on green spaces and modern urban living

  • Design Quarter at d3 – A unique project in Dubai Design District centered on creativity and artistic lifestyle

Meraas’ recent projects focus more on urban lifestyle, distinctive design, and experience-driven living rather than high-volume construction.

Meraas’ Position in Dubai’s Real Estate Market

Meraas appeals to buyers seeking a unique lifestyle, prime urban locations, and innovative design. Its projects typically feature lower density, strong public spaces, and a high emphasis on the living experience, placing the company in the lifestyle and mid- to high-end luxury developer category.

FAQs

Can foreigners buy property in Dubai ?

Yes. Foreigners can own 100% of a property in designated areas of Dubai, known as Freehold Areas. This ownership is permanent, and they have the legal right to buy, sell, rent, and transfer the property title.

What is the process of buying property in Dubai ?

The process of buying property in Dubai is transparent and structured. First, a suitable property (ready or under construction) is selected. After agreeing with the seller or developer, the unit is reserved, and a down payment is made.

Next, a formal Sale and Purchase Agreement (SPA) is signed, and the property is registered with the Dubai Land Department (DLD). Finally, after completing the payments, the official property title is transferred to the buyer’s name.

Is it possible to buy property in Dubai on installments ?

Yes. Many projects in Dubai, especially off-plan projects, are offered with installment payment plans and long-term payment terms. These terms vary depending on the developer, project, and delivery time, and may include payments during construction or even after delivery.

What is the minimum property investment required to obtain Dubai residency ?

To obtain a two-year UAE residency visa through property purchase, the minimum property value must be AED 750,000. The property can be either ready or off-plan and must be registered in the applicant’s name.

What is the UAE Golden Residency Visa, and what are its benefits ?

The UAE Golden Residency Visa is a long-term visa valid for 5 or 10 years, with the possibility of renewal. Its key benefits include stable residency, the ability to sponsor family members, no requirement for a local sponsor, and greater freedom in travel as well as long-term life and investment planning.

How much investment is required to obtain the UAE Golden Residency Visa ?

To obtain the Golden Residency Visa through property purchase, the applicant must buy one or more properties with a total value of at least AED 2,000,000. These properties can be either ready or off-plan and must be registered in the applicant’s name.

Can a residency visa be obtained for family members through property purchase in Dubai ?

Yes. By purchasing property and obtaining Dubai residency, it is possible to get residency visas for your spouse and children. Under certain conditions, it is also possible to apply for residency for parents.

What is the property rental tax rate in Dubai ?

In Dubai, there is no tax on rental income and no personal income tax. For this reason, investing in Dubai’s property rental market is attractive to many international investors.

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