Discovering Meraas: A Guide to the Diverse Real Estate Options in the UAE

Dubai's real estate landscape is synonymous with luxury and innovation, and at the forefront of this transformation is Meraas, a leading master developer renowned for creating iconic projects and its visionary approach to luxury living. 

For high-net-worth individuals and savvy investors looking to explore prime real estate opportunities in the UAE and add a superb property in Dubai to their real estate investment portfolio, Meraas offers an enticing array of residential real estate properties for sale in Dubai. 

In this handy guide, we will walk you through some of our key residential real estate projects in Dubai, and also highlight recent policies that favour discerning homebuyers and investors.

Meraas’ Residential Properties

As a renowned developer in Dubai, Meraas offers an exceptional portfolio of residential properties in gated communities that not only cater to the unique tastes and preferences of residents but also set new standards for luxury living in the city. Each of these flagship developments represents the epitome of luxury, innovation, and convenience:

Madinat Jumeirah Living (MJL)

Madinat Jumeirah Living offers luxury apartments for sale in Dubai’s prime location with attractive payment plans. These residences offer modern amenities and are strategically situated for convenience. Designed for individuals who prioritise quality and location, MJL ensures a comfortable and upscale apartment living experience right in the heart of Dubai.

Bluewaters Residences

Situated on the iconic Bluewaters Island, Bluewaters Residences offers a captivating blend of luxury and coastal living. This project features a selection of luxurious apartments and townhouses with breathtaking views of the Arabian Gulf and the world's largest observation wheel, Ain Dubai. Residents here experience a unique seaside lifestyle, complete with a vibrant community and a wide array of amenities - all testament to seaside living at its finest.

Port de La Mer

Port de La Mer is a seaside haven nestled in the heart of La Mer, Dubai's renowned beachfront destination. This development seamlessly merges Mediterranean charm with contemporary luxury. It offers an impressive range of apartments and townhouses for sale, all with direct access to pristine beaches and a vibrant marina promenade. Port de La Mer creates a coastal retreat like no other, perfect for those seeking a relaxed yet sophisticated lifestyle.

Cherrywoods

If you're looking for a family-friendly community, Cherrywoods in Dubailand is the ideal choice. This project boasts spacious townhouses enveloped by lush greenery and world-class amenities. It is designed to provide a serene environment where families can flourish and enjoy a wholesome, community-oriented lifestyle.

City Walk

City Walk is a vibrant, urban community that combines residential living with a dynamic retail and entertainment district. This project offers luxury apartments for sale in the heart of Dubai, allowing residents to enjoy a cosmopolitan lifestyle with easy access to high-end shopping, dining, and entertainment options.

Nad Al Sheba Gardens

Nad Al Sheba Gardens is a residential neighbourhood in Dubai, offering bespoke villas and semi-detached townhouses for sale in a gated community. Designed with a nod to classic aesthetics, it provides a unique environment in the city. The development is ideal for families valuing privacy, style, and an unmatched living experience.

Recent Policies and Legislations in Place for Dubai Property Buyers and Investors

Dubai has introduced several policies that make it an attractive destination for homebuyers and investors alike. These initiatives are designed to create a nurturing environment for those looking to invest in Dubai's booming real estate market. Here is a closer look at these policies:

1. UAE Golden Visa

A game-changer for investors, Golden Visa in Dubai allows eligible individuals, who invest in properties worth AED 2M or more, to obtain long-term renewable residence visa valid for 10 years. This initiative not only offers stability but also opens up a wealth of opportunities for those looking to establish a more permanent presence in Dubai. To be eligible to apply for a renewable 10-year residence visa, you must invest in real estate in the UAE with a property valued at or above 2 million AED. This visa can be extended to cover your spouse, children, and parents. For properties purchased with a mortgage, a bank letter confirming a payment of at least 2 million AED is required as proof.

2. Reduced Property Registration Fees

Dubai has reduced property registration fees to attract more investors. Lower transaction costs make real estate investments more appealing, particularly for foreign investors. By reducing the financial burden associated with property transactions, Dubai has made it easier for investors to diversify their portfolios and explore the myriad opportunities available in the city's real estate market. The Dubai Land Department (DLD) in the UAE charges 4% of the purchase price of the property as property registration fees, which may vary depending on the type and value of the transaction, as well as other factors.

3. Ease of Doing Business

Dubai continues to streamline its processes for investors. The ease of doing business in the city, combined with its strong legal framework, offers a favourable environment for investments. This business-friendly environment not only attracts new investors but also encourages existing ones to expand their investments. With reducedbureaucracy and a clear path to property ownership, investors can confidently navigate the Dubai real estate landscape.

As Dubai continues to evolve and innovate, these policies are set to make it even more appealing for high-net-worth individuals and investors seeking long-term growth and success in the dynamic Dubai real estate market.

Navigating Your Real Estate Journey with Meraas

Investing in Meraas properties in Dubai is an exciting venture, promising both luxury and potential financial rewards. Here are some valuable tips to help you navigate your real estate journey with Meraas:

1. Define Your Investment Goals: Before diving into the world of real estate properties, it is crucial to define your investment goals. Ask yourself what you hope to achieve with your real estate investment. Are you looking for a family home, a high-yield property for rental income, or a long-term investment to diversify your portfolio? Knowing your objectives will help you align your choices with the right Meraas project.
    
2. Location Matters: Dubai is a city of diverse neighbourhoods, each offering a unique lifestyle and amenities. Consider your lifestyle preferences and choose a location that suits your needs. Meraas’ real estate projects are strategically located across Dubai to provide convenience and luxury. Whether you prefer the serene coastal ambiance of Bluewaters Island, the vibrant beachfront of La Mer, or the appeal of family-friendly community of Nad Al Sheba Gardens, selecting the right location influences your overall living experience and the property's investment potential in the long term.
    
3. Due Diligence: Conduct thorough research on the chosen property. Investigate its market value, historical performance, and future growth potential. With careful research and strategic decision-making, you can benefit from long-term capital gains without any potential risks in the future.
    
4. Finances and Documentation: Homebuyers and investors in Dubai have the choice of paying for properties outright in cash, a method many prefer for its straightforwardness and efficiency. However, if you are considering the mortgage route, eligibility is based on a set of standard documentation. This typically includes an income statement, recent payslips for income verification, and bank and credit card statements to ascertain creditworthiness. For identity validation, a copy of the Emirates ID, proof of address or passport with the visa is mandatory.

Whether you are looking for a sprawling penthouse or luxury mansion in Dubai, a beautiful villa with sea views or an elegant apartment for sale, Meraas has an extraordinary portfolio of residential real estate projects across top neighbourhoods in Dubai. Take the time to explore all our projects and seize the opportunity to own a piece of Dubai's captivating skyline and luxurious lifestyle.