Meraas
Meraas is a Dubai real estate developer behind destinations such as City Walk, Bluewaters, La Mer and Port de La Mer. The brand belongs to Dubai Holding Real Estate, the real estate arm of the Dubai Holding group, which also includes Nakheel, Dubai Properties and Meydan, with an announced land bank of 752 million sq ft. Its residential offer covers waterfront, urban and suburban projects, from apartments to villas, including hotel-branded residences such as Jumeirah or Bulgari.
- Founded
- 2007
- Projects delivered (DLD)
- 30
- Homes delivered (DLD)
- 5,279
- Median resale vs off-plan gap
- +63%
Profile
- Founded
- 2007 · according to aggregators, not officially confirmedsource ↗
- Group
- Dubai Holding, the Government of Dubai's holding company, since June 2020source ↗
- Presence
- United Arab Emirates (Dubai)
Published figures
Landmark projects
- City Walk
- La Mer
- Bluewaters Island
- Bulgari Resort & Residences
- La Vie
- Cherrywoods
Key dates
2007
Meraas founded, according to aggregators.source ↗
2020
Meraas joins Dubai Holding under the directives of Sheikh Mohammed bin Rashid (9 June).source ↗
2023
Handover of La Vie (29 November) and Cherrywoods (4 December).source ↗
2024
Nakheel and Meydan join Dubai Holding, which groups its developers under Dubai Holding Real Estate.source ↗
2024
Handover of Bulgari Ocean Mansions (15 November) and Central Park Building 1 at City Walk (1 November).source ↗
In the Dubai Land Department registry
What the DLD's open data on projects, sales and leases says about the projects registered to the developer and its companies.
Registered projects
55
Homes delivered
5,279
Homes under construction
3,695
Average progress of ongoing projects: 24%
Median construction time
38 months
In the registry for
13 years
2013
Sales registered on its projects
14,052
Its sales, year by year
Apartment and villa sales registered on the developer's projects. The line tracks the median price per square foot of apartments (for a villa, the registry area is the plot).
Median apartment price on its projects: AED 1,410/sq ft (≈ EUR 3,740 per m²) in 2016, AED 3,326/sq ft (≈ EUR 8,820 per m²) in 2026.
What buyers of its delivered projects have seen
For each delivered project, we compare the median price per square foot of apartments paid off-plan with the median price of their resales over the last 24 months, and the median rent of apartment Ejari leases signed over 12 months with that resale price.
Median gap, resale vs off-plan
+63%
out of 21 measurable projects
Per year (median)
+8.6%
Projects reselling above their off-plan price
100%
out of 21 measurable projects
Median gross rental yield
5.3%
21 delivered projects with leases
| Project | Delivered | Off-plan / sq ft | Resale / sq ft | Gap | / yr | Gross yield |
|---|---|---|---|---|---|---|
| BV RESIDENCESIsland 2 | 2016 | 3,409 | 10,307 | +202% | +16.1% | 4.7% |
| Bluewaters ResidencesMarsa Dubai | 2019 | 2,213 | 5,569 | +152% | +13.5% | 4.7% |
| NO. 6A AND NO.6B CITYWALK RESIDENTIALAl Wasl | 2016 | 1,403 | 2,630 | +88% | +7.3% | 5.5% |
| NO.1, NO.2A, NO.2B, NO.3A AND 3B CITYWALK RESIDENTIALAl Wasl | 2017 | 1,352 | 2,430 | +80% | +7% | 5.1% |
| NO. 4A, NO.4B, NO.5 CITYWALK RESIDENTIALAl Wasl | 2016 | 1,456 | 2,566 | +76% | +6.6% | 5.3% |
| NO.9 & NO.10 CITYWALK RESIDENTIALAl Wasl | 2016 | 1,383 | 2,385 | +73% | +6.5% | 5.8% |
| Central Park at City Walk -Building 1Al Wasl | 2021 | 1,671 | 2,785 | +67% | +13.4% | 6% |
| No.17, No.18a,No.18b and No.19 Citywalk ResidentialAl Wasl | 2017 | 1,599 | 2,664 | +67% | +5.7% | 5.4% |
| NO.20, NO.21A, NO.21B AND NO.22 CITYWALK RESIDENTIALAl Wasl | 2017 | 1,627 | 2,695 | +66% | +5.9% | 5.3% |
| ViridianAl Wasl | 2024 | 1,911 | 3,129 | +64% | +12.6% | 5.5% |
Past observations based on medians per square foot, to give you a concrete benchmark: not a valuation of any property, not a forecast and not a promise of return. Price gaps are gross, before purchase costs (4% DLD fee, commissions) and resale costs; the yield is gross, before service charges, vacancy and management.
Its projects under construction
| Project | Launched | Homes | Off-plan / sq ft | Progress |
|---|---|---|---|---|
| Bluewaters BayMarsa Dubai | 2023 | 679 | 3,678 | 37% |
| Jumeirah Residences Emirates TowersTrade Center Second | 2025 | 754 | 4,795 | 4% |
| DESIGN QUARTERZaabeel Second | 2023 | 564 | 2,671 | 41% |
| Verve City WalkAl Wasl | 2024 | 440 | 3,038 | 14% |
| Atelis at d3Zaabeel Second | 2025 | 280 | 2,643 | 1% |
| Central Park PlazaAl Wasl | 2023 | 212 | 3,203 | 44% |
| City Walk Northline 2Al Wasl | 2024 | 192 | 2,721 | 37% |
| City Walk Crestlane 2Al Wasl | 2025 | 203 | 3,253 | 7% |
Its projects on sale with SwissPro360
The Edit at d3
Dubai Design District (d3), Dubaï
From AED 2,000,000 (≈ EUR 493,000)▶ 3
City Walk Crestlane
City Walk (Al Wasl), Dubaï
From AED 2,700,000 (≈ EUR 665,000)▶ 4
Jumeirah Residences Emirates Towers
Trade Centre 2 (Sheikh Zayed Road, près de DIFC), Dubaï
From AED 3,510,000 (≈ EUR 865,000)▶ 3
Madinat Jumeirah Living Nourelle
Madinat Jumeirah Living, Umm Suqeim, Dubaï
From AED 3,680,000 (≈ EUR 907,000)▶ 2
Solaya
La Mer (Jumeirah 1), Dubaï
From AED 13,800,000 (≈ EUR 3,400,000)▶ 4
Jumeirah Asora Bay
La Mer (Jumeirah 1), Dubaï
From AED 49,000,000 (≈ EUR 12,070,000)▶ 6
Information taken from the official website of the developer, an agency partner. Prices and availability move quickly: before any booking, an advisor confirms them to you in writing.
Where Meraas's available projects are
One marker per area, larger where projects are numerous. Click a marker to see its projects. Only projects still on sale, launching or under construction: never sold-out projects.
4 available projects in 3 areas
Method and sources
- Projects: DLD project registry. A project is attributed to the developer when the company holding it in the registry belongs to its group (company name or known project company). Projects by other developers built in its communities are not attributed to it.
- Sales and prices: DLD transaction registry. Volumes count apartments and villas; prices per square foot, gaps and yields cover apartments only, offices, shops and hotel rooms excluded, because a villa's area in the registry is its plot (1 m² = 10.764 sq ft). 'Off-plan' covers first sales and resales before handover.
- Resale vs off-plan gap: only for delivered projects with at least 10 off-plan sales and 10 resales over 24 months. The annual equivalent runs between the median date of off-plan sales and that of resales.
- Rents: residential Ejari leases for a single apartment, signed over 12 months, at least 10 per project.
- Profile facts: official websites, annual reports, press releases and aggregators (Propsearch, etc.), each linked to its source. Figures 'according to the developer' are quoted as published: the registry cannot confirm them.
Computed by SwissPro360 from DLD open data, up to 12 November 2026.
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