History of MERAAS
Meraas is a private holding company and one of the largest developers in the UAE. The company has implemented numerous projects in various sectors, including the restaurant business, leisure and entertainment, retail, residential and other real estate. Meraas uses the most advanced technologies for the development and construction of its buildings, creating a comfortable life for the people of Dubai.
Meraas was founded in 2007 as a subsidiary of the Dubai Holding corporation. Since its inception, the company has undertaken several projects in various sectors, including food, entertainment, leisure, hospitality, retail, and healthcare. Sheikh Ahmed bin Saeed Al Maktoum became the chairman of the organization.
During its operation, Meraas has delivered a staggering 80 million square feet of both commercial and residential real estate. The company quickly became one of the largest developers in the United Arab Emirates. Today, Meraas has a vast portfolio, including projects of various scales that have already been completed.
The company offers a wide range of real estate options that are still under construction. Meraas' services are characterized by numerous advantages, including a range of special offers such as a favorable payment scheme and no need for investors or buyers to pay for long-distance communication.
The investment attractiveness of the developer's real estate, which is at the construction stage, can be attributed to several reasons:
- Lower price compared to already finished properties.
- Possibility to use a special payment plan, where only the first installment is required to become the owner of a property. This widens the potential customer base for the company as buyers do not need to pay the entire amount upfront.
- Purchasing property or any other real estate in Dubai is a profitable investment that can provide good returns.
The company focuses on innovation in its projects, ensuring that its finished properties not only meet modern architectural and technological trends but also surpass them in some aspects. This is achieved through the employment of the best specialists in the field.