Meraas

Meraas is government-affiliated via Dubai Holding (owned by the ruler of Dubai). This gives it implicit stability backing, similar to Nakheel and Dubai Properties — all consolidated under Dubai Holding's real estate platform.

City Walk is a 4.7 million sqft mixed-use lifestyle district in Jumeirah, opened 2014, featuring retail boulevards, Coca-Cola Arena, Roxy Cinemas, and ~600 residential units. Premium apartments (AED 2.5M+ for 1BR) with strong rental demand from urban professionals. Capital growth ~9% CAGR 2020–2025.

Bluewaters is a 30-acre man-made island off JBR, opened 2018. Home to Ain Dubai (the world's largest observation wheel), Caesars Palace Hotel, Bluewaters Residences (10 apartment buildings), and recently the Caesars Palace residences. ~1,700 residential units total. Strong STR demand due to proximity to JBR + tourist visibility.

Yes — Bluewaters is one of Dubai's top 5 STR locations. ADR ranges AED 700–1,000+ for 1BR, occupancy 75–82%. Holiday-home license required (DTCM). Net STR yields can reach 6–7% on a 1BR Bluewaters unit (~AED 2.5–3M) vs 4–5% for long-term rental.

Yes — all Meraas projects priced AED 2M+ qualify for the 10-year UAE Golden Visa. Most Meraas 1BR apartments start above this threshold given the premium positioning.

Meraas service charges average AED 25–35/sqft for apartments — higher than Emaar/DAMAC due to premium amenity and concierge levels at City Walk + Bluewaters. Cherrywoods townhouses are more moderate at AED 8–10/sqft.

Meraas has delivered ~87% of projects on time across 2020–2025 — solid mid-pack performance behind Emaar (92%) and Sobha (90%). Bluewaters opened 6 months later than originally announced (2018 vs 2017); City Walk Phase 3 also slipped. Recent launches have improved discipline.

Meraas typically uses 70/30 or 80/20 payment plans: 10–20% on signing, 50–70% during construction milestones, 20–30% at handover. Less aggressive than DAMAC; post-handover plans are rare but appear on premium Cherrywoods or Pearl Jumeira launches.

Meraas's product is concentrated in 5 lifestyle destinations (City Walk, La Mer, Bluewaters, Port de la Mer, Cherrywoods). The company does not develop traditional mid-market mass communities — that segment is covered by sister Dubai Holding entity Dubai Properties (DP) and Nakheel.

Yes — all Meraas projects are in designated freehold zones (City Walk, Bluewaters Island, La Mer, Cherrywoods, Port de la Mer) and open to foreign buyers with no residency requirement.

Meraas resale is moderately liquid — premium positioning narrows buyer pool but boutique inventory keeps supply tight. Days-on-market typically 45–75 for apartments, 60–90 for townhouses. Better liquidity in City Walk than Bluewaters (smaller building, narrower buyer pool).

Meraas is headquartered at Boulevard Plaza Tower 1, Sheikh Mohammed bin Rashid Boulevard, Downtown Dubai. The company is part of the Dubai Holding group.