Meraas doesnt see itself as a traditional developer. Were here to deliver a legacy for this city, said Michelle Seywood, Vice President of Design at Meraas, back in April. That assessment got to the heart of what this extraordinary developer is trying to be. Projects successfully concluded to date – The Beach at JBR, Citywalk, Boxpark, Last Exit and Dubai Parks and Resorts have each introduced completely new concepts to a city previously better known for shopping malls and skyscrapers.
The government-controlled company is quite literally on a mission to change the face of Dubai. The biggest project Meraas is working on right now is undoubtedly Dubais Bluewaters Island. This mega development on an artificial island off JBR includes hospitality, residential and retail topped off with the worlds tallest observation wheel. Some of the biggest names in the construction business are hard at work to bring the project to fruition in early 2018. Another major project is The Bulgari Resort & Residences Dubai, a first-of-itskind master development in scale and magnitude, situated on another manmade island 300 metres off the coast of Jumeirah.
Spreading over 1.7 million square feet, the luxury marine complex is only the sixth Bulgari Hotels & Resorts property in the world. A penthouse apartment in the exclusive project recently sold for a record AED 60mn ($16.3mn). Future projects include Dubai Arena, a new state-of-the-art multi-purpose arena with a capacity of 20,000 to host large scale concerts and sporting events.