Emaar Properties
Meraas
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, Central Park at City Walk, Cherrywoods, Bluewaters Residences, Bvlgari Residences, 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”.
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, 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.
Meraas’ real estate division comprises property development, sales and asset management across the 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 of Bvlgari branded residences which were first handed over to residents from February 2018.
Central Park at City Walk is an urban residential development, while Nikki Beach Residences are a set of branded homes adjacent to Nikki Beach Resort & Spa Dubai in Pearl Jumeirah. The development includes one to four-bedroom apartments, penthouses and apartment townhouses.
The company also owns a number of real estate plots in Dubai, including Jebel Ali Hills, Jebel Ali Industrial Development, Jumeirah Bay and Al Warsan Industrial Plot.
HH Sheikh Ahmed bin Saeed Al Maktoum is the Chairman of Dubai Holding and has been at the forefront of Dubai’s remarkable economic growth and development journey for over 38 years.
With a corporate leadership trajectory dating back to 1985, Sheikh Ahmed has achieved extraordinary success. He is currently the President of Dubai Civil Aviation Authority (DCAA), the Chairman of Emirates NBD, the Chairman of Dubai Airports and the Chairman and Chief Executive of Emirates Airline and Group, which includes Dnata.
Sheikh Ahmed also holds several influential government positions, including serving as Second Vice Chairman of the Executive Council of Dubai, which is responsible for formulating policies and strategies for Dubai, Chairman of Dubai’s Supreme Fiscal Committee and Board Member of the Investment Corporation of Dubai (ICD).
Sheikh Ahmed holds a Bachelor’s in Political Science from the University of Denver in the United States. He has received many international honours, including the fellowship of the British Royal Aeronautical Society, Commandeur de l’Ordre de la Legion d’Honneur (the Legion of Honour) – the highest French civilian award, the Verfassungsportugaleser, one of Germany’s highest honours, and an honorary degree of Doctor of Science from City University London, Cass Business School.
“HH Sheikh Ahmed bin Saeed Al Maktoum is the Chairman of Dubai Holding and has been at the forefront of Dubai’s remarkable economic growth and development journey for over 38 years.”
HH Sheikh Ahmed bin Saeed Al Maktoum
Chairman of MERAAS Properties