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Meraas: Dubai Destinations and Residential Projects

Meraas is a Dubai developer inside Dubai Holding Real Estate, founded in 2007 and part of Dubai Holding since June 2020. It built City Walk, La Mer and Bluewaters as public destinations first and sold homes into them afterwards. Eight residential projects have been handed over with published dates, and seven more launched or added a phase during 2025.

Last verified: 20 August 2026

Active in City WalkDubai Design DistrictLa MerJumeira BayBluewatersNad Al ShebaDubailandMadinat Jumeirah Living

About Meraas

Meraas is a Dubai real-estate brand within Dubai Holding Real Estate. It creates homes and destinations across waterfront, urban and suburban settings, with established names including City Walk and Bluewaters.

Current Dubai portfolio

Recent projects include Jumeirah Residences Emirates Towers, Atélis at Dubai Design District, The Edit at d3, The Acres, Nad Al Sheba Gardens and Nourelle at Madinat Jumeirah Living.

Atélis was unveiled as a 45-storey building with 280 residences, designed by SOM. The Edit adds 557 residences across three towers at d3. Jumeirah Residences Emirates Towers was introduced with 754 branded residences and a design by SCDA.

Communities and phases

A June 2025 update described City Walk's residential masterplan as 22 buildings with 2,625 units overall. At The Acres, a November 2025 contract covers 642 villas, while a July 2025 Nad Al Sheba Gardens phase added 201 villas and townhouses.

Dubai Holding Real Estate

Meraas and Nakheel sit within Dubai Holding Real Estate. Group-wide figures, including its published land-bank total, describe the wider platform and are kept separate from Meraas project numbers.

Dubai destinations and homes from City Walk to The Acres and d3

PremiumMaster developerCommunitiesWaterfrontDubai

Who owns Meraas?

Meraas is not independently owned. It is a development brand inside Dubai Holding Real Estate, and its own website is signed "Meraas By Dubai Holding Real Estate". Meraas became part of Dubai Holding on 9 June 2020, on the directive of Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, and Dubai Holding published that announcement itself. Sheikh Ahmed bin Saeed Al Maktoum chairs the group and Khalid Al Malik is chief executive of Dubai Holding Real Estate. In March 2024 Nakheel and Meydan were placed under the same holding, so Meraas, Nakheel and Dubai Properties now sit side by side. Meraas is privately held and publishes no shareholder register.

Source: Dubai Holding — Meraas to become part of Dubai Holding, 9 June 2020 · Dubai Holding Real Estate — company page

Track record

Buildings that made the name

01 City Walk Opened to the public in February 2016; over 900,000 sq m of urban district in Al Wasl. 2016 completed
02 Nikki Beach Resort & Spa Dubai Opened December 2016 on Pearl Jumeira with Nikki Beach Hotels & Resorts: 132 keys, 63 residences, 52,000 sq m. 2016 completed
03 La Mer Beachfront destination at Jumeirah 1, opened October 2017; now carries a 190-berth marina. 2017 completed
04 Bluewaters Island built 400 m off Jumeirah Beach Residence for AED 6 billion; opened November 2018. 2018 completed
05 Caesars Palace Bluewaters Dubai Opened 15 November 2018 as a joint venture between Caesars Dubai and Meraas Venture. 2018 completed
06 Coca-Cola Arena Opened 6 June 2019 at City Walk; 17,000 seats; developed by Meraas under a ten-year Coca-Cola naming deal. 2019 completed
07 Ain Dubai Opened 21 October 2021 on Bluewaters; 258 m tall, 250 m diameter, 48 cabins, about 9,200 tonnes of steel. 2021 completed

Meraas track record: delivered and under construction

Residential projects handed over, with dates published

Meraas handovers page, Port de La Mer 2021 to Bulgari Ocean Mansions 2024

Residential launches and new phases in 2025

Dated releases, May to November 2025

Villas contracted at The Acres

642

AED 1.9bn contract awarded 25 November 2025, target Q4 2027

Residential and land plots delivered, Dubai Holding Real Estate

106,700+

Group figure — Meraas, Nakheel and Dubai Properties together

Land bank, Dubai Holding Real Estate

752 million sq ft

Group figure, published by Meraas as a Dubai Holding Real Estate total

2021

2023

2024

2025

2027

Delivered Under construction

Handed-over projects and their dates come from Meraas's own handovers page. Launched and under-construction projects are counted separately and are never added to the delivered count.The two Dubai Holding Real Estate figures cover Meraas, Nakheel and Dubai Properties together, not Meraas alone.

Project	Area	Type	Status	Date
Port de La Mer	La Mer, Jumeirah 1	Marina apartments	Handed over	28 November 2021
Sur La Mer	La Mer, Jumeirah 1	Beachfront townhouses	Handed over	16 January 2023
Bulgari Marina Loft	Jumeira Bay	Branded residences	Handed over	31 August 2023
Marsa Al Arab	Umm Suqeim	Waterfront residences	Handed over	28 October 2023
La Vie	Jumeirah Beach Residence	Beachfront apartments	Handed over	29 November 2023
Cherrywoods	Al Qudra, Dubailand	Townhouse community	Handed over	4 December 2023
Central Park Building 1	City Walk	Park-side apartments	Handed over	1 November 2024
Bulgari Ocean Mansions	Jumeira Bay	Branded mansions	Handed over	15 November 2024
Atélis at d3	Dubai Design District	45 storeys, 280 residences	Launched	12 May 2025
Jumeirah Residences Emirates Towers	Emirates Towers	754 branded residences	Launched	9 June 2025
City Walk Crestlane	City Walk	Masterplan of 22 buildings, 2,625 units	New phase launched	26 June 2025
Nad Al Sheba Gardens	Nad Al Sheba	201 villas and townhouses	New phase launched	24 July 2025
The Edit at d3	Dubai Design District	557 residences, three towers	Launched	17 November 2025
The Acres	Wadi Al Safa 7, Dubailand	642 villas under an AED 1.9bn contract	Under construction	Target Q4 2027

Source: Meraas — Handed Over Projects · checked 20 August 2026

What Meraas is known for

Handovers published with the exact date

8 residential projects, 28 November 2021 to 15 November 2024

Dated launches and new phases in 2025

7, from Atélis at d3 in May to The Edit at d3 in November

Destinations built before the homes were sold

City Walk 2016 · La Mer 2017 · Bluewaters 2018

Largest published construction contract

AED 1.9bn to UNEC, 25 November 2025, 642 villas at The Acres

Group behind it, Dubai Holding Real Estate

106,700+ plots delivered · 752 million sq ft land bank

The last row is a Dubai Holding Real Estate group figure covering Meraas, Nakheel and Dubai Properties together.It is not a Meraas figure.

Emulating Meraas' commitment to exceptional urban experiences, these residences combine innovative design, premium amenities, and renowned Jumeirah hospitality, setting a new standard for residential excellence and reinforcing Dubai's leadership in global luxury real estate.

Khalid Al Malik Chief Executive Officer, Dubai Holding Real Estate Meraas, 30 June 2025

Where Meraas builds

From See project page

View project →

How Meraas differs from other Dubai developers

Meraas built the destinations before it sold the addresses. City Walk, La Mer and Bluewaters opened as public places with retail, hotels and an arena, and the apartments were released into them afterwards.

Placemaking first: City Walk opened to the public in 2016, La Mer in 2017 and Bluewaters in 2018. Each carried retail, hotels and attractions before the residential phases were released.
The owner is named, and it is the state: Meraas became part of Dubai Holding on 9 June 2020 on the directive of the Ruler of Dubai. Dubai Holding published the announcement itself.
Handovers are dated, not summarised: Meraas lists eight completed residential projects and prints the exact day each was handed over.
Hotel brands are attached to the address: Bulgari on Jumeira Bay, Nikki Beach on Pearl Jumeira, Caesars Palace on Bluewaters, Jumeirah at Emirates Towers and at Asora Bay.
Releases are small: Jumeirah Residences Asora Bay was launched with 35 residences, Atélis at d3 with 280 and The Edit at d3 with 557.
One landlord across three brands: Since March 2024 Nakheel and Meydan sit under the same holding, so Meraas, Nakheel and Dubai Properties share Dubai Holding Real Estate and its financing arrangements.

Why GRAF recommends Meraas

Meraas suits a buyer who is buying the district as much as the apartment. City Walk, La Mer and Bluewaters were finished as public places first, so what the community looks like is visible on the ground rather than described in a brochure.

What the record shows

Handover dates are published, not promisedEight completed residential projects each carry the exact handover date on the developer's own site, the most recent being Bulgari Ocean Mansions on 15 November 2024.
Construction money is contracted publiclyThe Acres has an AED 1.9 billion contract with UNEC, awarded 25 November 2025, covering 642 villas against a Q4 2027 target.
The destinations stay in the groupCity Walk, The Beach and La Mer are owned and operated through Merex Investment, the AED 5 billion joint venture with Brookfield Asset Management.

What to check before signing

Which entity signs the SPAMeraas is a brand inside Dubai Holding Real Estate. Confirm the company name printed on the contract.
Target period versus handover dateQ4 2027 at The Acres is the target stated in the contract announcement. Handover dates are published only after the fact.
Which phase the unit belongs toCity Walk Crestlane, Nad Al Sheba Gardens and The Acres are released in phases with different terms. Confirm the phase, its unit count and its price list.

GRAF editorial team

Meraas — frequently asked questions

Who owns Meraas?

Meraas is a development brand inside Dubai Holding Real Estate. It became part of Dubai Holding on 9 June 2020 on the directive of Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai. Sheikh Ahmed bin Saeed Al Maktoum chairs the group. Meraas is privately held and publishes no shareholder register.

Source: Dubai Holding — Meraas to become part of Dubai Holding, 9 June 2020

When was Meraas founded?

Meraas Holdings was founded in Dubai in 2007 and its headquarters are still in Dubai. No primary source names an individual founder. Sheikh Ahmed bin Saeed Al Maktoum is Group Chairman and Khalid Al Malik is chief executive of Dubai Holding Real Estate.

Source: Meraas — Wikipedia

What has Meraas actually built?

City Walk opened to the public in 2016, La Mer in 2017 and Bluewaters in 2018. Meraas also developed the 17,000-seat Coca-Cola Arena, opened 6 June 2019, and Ain Dubai, opened on Bluewaters on 21 October 2021 at 258 metres tall.

Source: Bluewaters Island — Wikipedia

How many Meraas homes have been handed over?

Meraas publishes eight handed-over residential projects with the exact date of each, from Port de La Mer on 28 November 2021 to Bulgari Ocean Mansions on 15 November 2024. Its parent, Dubai Holding Real Estate, reports 106,700+ residential and land plots delivered across Meraas, Nakheel and Dubai Properties together. The two counts are separate.

Source: Meraas — Handed Over Projects

What is Meraas building now?

During 2025 Meraas launched Atélis at d3 with 280 residences, Jumeirah Residences Emirates Towers with 754, a City Walk Crestlane phase of 198 units, a Nad Al Sheba Gardens phase of 201 villas and townhouses, Nourelle at Madinat Jumeirah Living, and The Edit at d3 with 557 residences. At The Acres it awarded an AED 1.9 billion contract for 642 villas.

Source: Government of Dubai Media Office — The Edit at d3, 17 November 2025

Is Meraas the same company as Nakheel?

No. They are two separate brands inside Dubai Holding Real Estate. Nakheel and Meydan were placed under Dubai Holding in March 2024; Meraas joined in June 2020. Dubai Holding Real Estate's own releases name Meraas, Nakheel and Dubai Properties side by side.

Source: The National — Nakheel and Meydan merge under umbrella of Dubai Holding, 16 March 2024

Guides that cover this developer

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Dubai Off-Plan Investment Guide 2026: Areas, Payment Plans & ROI

The five decisions that actually determine what an off-plan purchase in Dubai returns — payment structure, who funds the amenity, the handover date, district supply and the exit — each shown against a real project.

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Official sources

Official website Meraas — official site Meraas — Wikipedia Meraas — Wikidata (Q60775641)Meraas — LinkedIn Dubai Holding Real Estate — parent company

About this profile

Maintained by the GRAF editorial team from public sources and our own project data. Updated 20 August 2026. Contact us