January 28, 2015 5:14 PM ET

Real Estate Management and Development

Company Overview of Meraas Holding LLC

Company Overview

Meraas Holding LLC is a holding company. The company through its subsidiaries operates in real estate activities including real estate development and real estate sales and marketing. Meraas Holding LLC is based in Dubai, United Arab Emirates.

Dubai,  

United Arab Emirates

Key Executives for Meraas Holding LLC

Compensation as of Fiscal Year 2014.

Meraas Holding LLC Key Developments

Emaar Properties and Meraas Holding Announce New Joint Venture Mid-Market Hotel Brand

Emaar Properties and Meraas Holding announced a new joint venture mid-market hotel brand with 10 locations to open across the Dubai and the region by 2020. Rove Hotels will be developed by Emaar Hospitality Group, the unit responsible for hotels, and is a rebranding of Dubai Inn, which was announced by Emaar and Meraas in 2013. The first hotel, Rove Za'abeel, is already under construction opposite The Dubai Mall and will feature 420 rooms over 14 floors. The opening date of the first hotel was not stated. Other Dubai locations will be Al Wasl, Port Saeed, Al Jafiliya, Oud Metha and Dubai Marina.

Meraas Holding’S Dubai Parks and Resorts Announces New Family Hotel

Meraas Holding’s Dubai Parks and Resorts announced New Family Hotel. A Polynesian-themed family hotel is the latest component of Meraas Holding’s Dubai Parks and Resorts project in Jebel Ali. Construction of the property, called Lapita Hotel, started in February. It is scheduled to open in 2016. The 503-room hotel will be operated by Marriott International. Alongside the Lapita Hotel, the development will include Bollywood Parks Dubai, Legoland Dubai and Motiongate Dubai. Also, located between the three theme parks, Riverpark will be an entrance plaza with retail, dining and entertainment options. The development is due to be completed in 2016.

Meraas May Launch IPO

Meraas Holding is considering launching an initial public offering (IPO), sources close to Meraas have claimed. Three sources told the Wall Street Journal the Dubai government-backed real estate firm has sent requests for proposals to several banks looking for advice on how to boost the company’s capital, including the possibility of selling shares as part of an IPO.

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