Meraas is a private holding company based in Dubai and a subsidiary of Dubai Holding. The company was founded in 2007 and has been operating in several spheres ever since including real estate, leisure and hospitality. The chairman of Meraas is Sheikh Ahmed bin Saeed Al Maktoum. Since its foundation, Meraas has successfully delivered over 80 million sq. ft of property in Dubai both residential and commercial, including retail units and more than 3500 residential units. Meraas quickly became one of the largest and most trusted developers in UAE with an impressive portfolio which includes many Dubai’s iconic destinations such as La Mer, City Walk and Bluewaters Island. Moreover, Meraas Properties will soon complete its 250-m tall observation wheel, Ain Dubai, which was scheduled for completion before the start of Expo 2020. The record-breaking Ain Dubai will feature 48 capsules and carrying capacity of 1400 passengers. Meraas is famous for their luxury developments in Dubai’s most sought-after locations. As a rule, most of Meraas’ residential projects include top-class amenities and feature its own facilities. The most popular projects by Meraas are Bluewaters Residences, Port De La Mer, Sur La Mer, BVLGARI, Cherrywoods and Nikki Beach Residences.