Meraas is a Dubai-based private holding company and a subsidiary of Dubai Holding, established in 2007. The company operates in multiple sectors, including real estate, hospitality, and leisure. Its chairman is Sheikh Ahmed bin Saeed Al Maktoum. With a track record of delivering over 80 million sq. ft of both residential and commercial properties, including retail units and more than 3500 residential units in Dubai, Meraas has become one of the UAE’s most prominent and reliable developers. The company has an impressive portfolio, featuring some of Dubai’s iconic destinations, such as City Walk, La Mer, and Bluewaters Island. Meraas Properties is currently putting the finishing touches on its latest project, Ain Dubai, a 250-meter-tall observation wheel that was due to be completed before Expo 2020. This record-breaking attraction will have 48 capsules and a carrying capacity of 1400 passengers.