Celeste by Meraki Developers at a glance
Celeste is a new residential project by Meraki Developers in Dubai South. Meraki announced its move into Dubai South in October 2026. It said it will launch a new mixed use development in the district and unveil it officially in November 2026. In the same announcement Founder and Chairman Ajay Rajendran named Celeste and said the aim is to position it among the top three residential projects in the area. Prices, unit types and the payment plan are not yet published. This page tracks every official fact as Meraki releases it.
| Project name | Celeste, as named by Meraki Founder and Chairman Ajay Rajendran (Gulf News, 20 October 2026) |
| Developer | Meraki Developers, part of Meraki Group (UAE and Singapore) |
| Location | Dubai South, Dubai. Exact plot: Not yet published by the developer |
| Project type | Meraki describes its Dubai South plan as a new mixed use development. Celeste is described as a residential project |
| Official unveiling | November 2026, as stated by Meraki |
| Unit types and sizes | Not yet published by the developer |
| Starting price | Not yet published by the developer |
| Price per sq ft | Not yet published by the developer |
| Payment plan | Not yet published by the developer |
| Handover date | Not yet published by the developer |
| Service charge | Not yet published by the developer |
| RERA registration and escrow | Not yet published by the developer |
| Meraki pipeline | Seven projects worth nearly US$1 billion and about 2,400 homes under construction (TradeArabia, 21 October 2026) |
About Meraki Developers
Meraki Group is based in the UAE and Singapore. The company says it has delivered more than 100 projects across the UAE over 25 years. Its Dubai pipeline has seven projects worth nearly US$1 billion with about 2,400 residential units under construction.
Its completed project The Haven I in Dubailand was handed over with a 73% snag free handover rate, the company says. Meraki also reports that one bedroom apartments at The Haven I rent for about AED 75,000 a year against an area average of AED 63,000.
Dubai South as a location
Dubai South is a master planned district of about 145 sq km around Al Maktoum International Airport. The AED 128 billion airport expansion was approved in April 2024. It is designed for 260 million passengers and 12 million tonnes of cargo a year, with the first operational phase targeted for 2032. The district is planned for about one million residents and 500,000 jobs, according to the Anarock report cited by Khaleej Times.
This is not Celestia by DAMAC
Celeste by Meraki is a different project from Celestia, an existing DAMAC building in Dubai South. Check the developer name on any brochure or listing.
What this means for a buyer
Celeste will launch into one of the busiest off plan markets in Dubai. These are the registered numbers and official facts a buyer should hold the launch price against, and the honest limits.
- Market depth. Dubai South recorded 12,428 residential transactions from January to August 2026. That is 27% more than the whole of 2025, according to the Anarock report cited by Khaleej Times.
- Price levels to compare. Dubai Land Department data shown on Property Finder puts the average registered price in Dubai South Residential District at AED 1,340 per sq ft over the last year, across 3,067 transactions. The Anarock report puts the Dubai South average at AED 1,656 per sq ft for January to August 2026. The two figures cover different areas and periods. When Meraki publishes Celeste prices, compare the price per sq ft with both.
- Rents and gross yield. Anarock reports an average annual rent of AED 82,063 in Dubai South for January to August 2026. It puts the 2025 average gross yield for apartments at 4.3%, before service charges, vacancy and transaction costs.
- Resale depth. 94% of Dubai South sales in 2026 so far were off plan and the secondary market was under 6%. Resale demand for ready units is thinner than the headline volume suggests.
- Supply risk. 38,116 units are scheduled for delivery in Dubai South from 2027 to 2029, with a peak of 16,094 in 2028. That is more than 3.5 times the units delivered from 2016 to 2026. Heavy new supply can hold back rents and resale prices around handover.
- Total cost to buy. The Dubai Land Department charges a 4% transfer fee on the purchase price. Imagine a home bought for AED 1,300,000. The fee would be AED 52,000 on top of the price. This is a scenario, not a Celeste price. The Celeste service charge is not yet published by the developer.
- Golden Visa. A property purchase of AED 2 million or more can qualify for the UAE Golden Visa. Whether any Celeste unit reaches that level is not known until prices are published.
- Developer record. Meraki reports a 73% snag free handover at The Haven I. It is one reported data point on delivery quality, not a guarantee for Celeste.
The value case for Celeste is early access in a district with deep registered demand and a major airport expansion. The limit is that nobody can judge value until Meraki publishes the price list, payment plan, handover date and escrow registration. Register now and you will see those numbers as soon as they are released.
What the developer has not published yet
- The exact unveiling date and launch event details
- Unit types, sizes and floor plans
- The price list and price per sq ft
- The payment plan
- The handover date
- The plot location within Dubai South
- The number of units and floors
- The architect, interior designer and main contractor
- The amenities
- The service charge per sq ft
- RERA project registration and escrow account details
- Whether Celeste is the whole mixed use development or one part of it
Frequently asked questions
What is Celeste by Meraki?
Celeste is a residential project in Dubai South named by Meraki Developers Founder and Chairman Ajay Rajendran in October 2026. Meraki says its new Dubai South development will be officially unveiled in November 2026.
Where is Celeste located?
Celeste is in Dubai South, the district around Al Maktoum International Airport. The exact plot has not been published yet.
What is the price of Celeste?
Prices are not yet published by the developer. For context, Dubai Land Department data shown on Property Finder puts the average registered price in Dubai South Residential District at AED 1,340 per sq ft over the last year.
What is the Celeste payment plan and handover date?
The payment plan and handover date are not yet published by the developer. Cresco will update this page when Meraki releases them.
Who is Meraki Developers?
Meraki Developers is part of Meraki Group, a UAE and Singapore based group. It says it has delivered more than 100 projects in the UAE over 25 years and has seven projects worth nearly US$1 billion in its pipeline. It handed over The Haven I in Dubailand.
Can buying at Celeste qualify for a UAE Golden Visa?
A property purchase of AED 2 million or more can qualify for the UAE Golden Visa. Celeste prices are not published yet so it is not known which units will reach that level.
Is Celeste the same as Celestia in Dubai South?
No. Celeste by Meraki is a new project. Celestia is a different, existing DAMAC building in Dubai South.
Speak to Cresco Real Estate about Celeste by Meraki
Cresco Real Estate is a RERA registered brokerage in Dubai, ORN 34288. Register your interest and we will send the official price list, payment plan and floor plans as soon as the developer releases them. Call us on 1-833-CRESCO-6 or send us your requirement.
Facts on this page come from the developer and published reports, checked 9 November 2026: gulfnews.com · tradearabia.com · gulfbusiness.com · khaleejtimes.com · propertyfinder.ae (DLD transactions)
More about Dubai South
Read the Cresco area guide to Dubai South. Prices, rental yields, handover timelines, schools, commute times and what actually sells there.
Open the Dubai South area guide
You may also want to read how buying off plan works and work out the rental yield.
What buyers actually registered in Dubai South
Dubai Land Department registered transactions, not advertised asking prices.
Between 1 September 2026 and 11 October 2026, 984 residential sales were registered in Dubai South. The median was AED 779,377 and the middle half fell between AED 637,735 and AED 1,296,916.
| Registered median price, Dubai South | AED 779,377 |
| Middle half of registered sales | AED 637,735 to AED 1,296,916 |
| Registered median per sq ft | AED 1,638 |
| Registered median unit size | 632 sq ft |
| Share bought off plan | 93% |
| Ready stock, median per sq ft | AED 1,087 from 65 sales |
| Off plan stock, median per sq ft | AED 1,654 from 919 sales |
| Registered residential sales in the period | 984 |
Registered sales by bedroom count in Dubai South
| Type | Sales | Median price | Per sq ft | Median size |
|---|---|---|---|---|
| Studio | 475 | AED 639,000 | AED 1,728 | 361 sq ft |
| 1 B/R | 268 | AED 1,130,760 | AED 1,560 | 726 sq ft |
| 2 B/R | 151 | AED 1,795,598 | AED 1,394 | 1,130 sq ft |
| 3 B/R | 29 | AED 2,556,360 | AED 1,493 | 1,676 sq ft |
| 4 B/R | 36 | AED 4,725,000 | AED 1,302 | 3,400 sq ft |
| 5 B/R | 25 | AED 6,150,000 | AED 1,476 | 4,023 sq ft |
Source: Dubai Land Department open data. Registered sales of residential units between 1 September 2026 and 11 October 2026. Mortgages and gift transfers are excluded because they are not arms length sales. Sizes are converted from square metres at 10.7639 sq ft per sq m. The entry price shown for this project is our advertised starting price and is not a registered transaction. Community figures are medians across every project in the community, not this project alone. We do not publish a price per square foot for this project because advertised size ranges are not a reliable basis for that calculation.
What actually transacted in Dubai South
Before you judge a launch price, look at what the community around it registered. Over the last twelve months Dubai South recorded 5,845 registered rental contracts, all filed with the Dubai Land Department. These are signed contracts, not asking prices.
Registered rents in Dubai South moved +7.9 against the twelve months before.
The shorter window disagrees. On the most recent three months of contracts the same community reads +0.0%. Summer seasonality and smaller samples both sit inside that number, but we publish it rather than quote only the figure that flatters the market.
| Unit type | Contracts registered | Average annual rent (AED) | Rent per sqft (AED) | Change vs 12 months earlier |
|---|---|---|---|---|
| Studio | 1,376 | 40,196 | 95 | +9.2 |
| 1 bedroom | 2,408 | 50,388 | 82 | +6.6 |
| 2 bedroom | 1,768 | 78,796 | 66 | +11.0 |
| 3 bedroom | 293 | 102,421 | 50 | +6.4 |
| All apartments | 5,845 | 59,190 | 78 | +7.9 |
Full Dubai South guide · Live Dubai market update · Run these numbers on a specific unit
Data verified 27 September 2026. Dubai Land Department registered transactions via Bayut TruView, rolling 12 months to September 2026.
