Meraki Group, the UAE and Singapore-based conglomerate with a growing real estate portfolio in Dubai, has announced its expansion into Dubai South, with plans to launch a new mixed-use development in the district.
The expansion comes as Meraki continues to scale its real estate operations across Dubai, with seven projects worth nearly $1 billion in its development pipeline, with approximately 2400 residential units currently under construction.
The upcoming development will be centred around considered design, intelligent living and everyday experiences, reflecting Meraki’s wider approach to creating thoughtfully planned homes with long-term value. Further details of the project will be revealed ahead of its official launch.
Ajay Rajendran, Founder and Chairman of Meraki Group, said: “Dubai South represents an important next step in Meraki’s growth. We see strong potential in the area, supported by continued infrastructure development, connectivity and a growing residential community."
"Our approach has always been to create developments that are thoughtful in their design, relevant to the people who live in them, and built for long-term value. As we expand into Dubai South, our ambition is to set a new benchmark, positioning Celeste among the area’s top three residential projects while contributing to its long-term growth,” he stated.
"Backed by more than 25 years of experience across development, construction and education, the Group has delivered over 100 projects across the UAE, spanning residential and commercial developments, hospitals, academic institutions and recreational facilities. Our commitment to quality is reflected in the successful handover of The Haven I, which achieved a 73% snag-free handover rate," he stated.
Haven 1 by Meraki has also demonstrated strong rental performance, with one-bedroom apartments commanding approximately AED75,000 annually, compared to the area's average of AED 63,000, representing a premium of nearly 19%.
Together, these milestones reflect Meraki's focus on delivering quality developments that create long-term value for residents and investors, he said.
The new Dubai South development will be officially unveiled next month with further details to be announced in the coming weeks, he added.-TradeArabia News Service
