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The highest hotel in the world is looking for investors from Israel
The First Group - a real estate company from Dubai, is building the tallest hotel in the world and will soon appeal to Israeli investors to integrate them into the initiative. The hotel to be called Ciel will have 1,209 suites and will rise to a height of 365 meters.
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Sunday, 04 April 2021, 09:08 Updated: 10:10
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The international real estate company The First Group, which is currently building Ciel in Dubai - the tallest hotel in the world (for comparison: taller than the Eiffel Tower, which rises to a height of 300 meters, but is still "low" compared to Burj Khalifa, also in Dubai, at 828 meters). Seeks to gain the attention of Israeli investors in light of their keen interest in real estate properties in the city.
Since the signing of the Abrahamic Agreements in August 2020, the interest of Israelis seeking investment opportunities in Dubai has skyrocketed, despite the widespread and global impact of the Corona plague.
The real estate investment market in Dubai continues to gain momentum as most of its power in the hotel industry enjoys international investor funding.
The First Group owns 11 properties and seven more hotels under construction, in
addition to its current flagship project, the Ciel Hotel, the upper hotel portfolio The midscale established by the company in the city includes the award-winning Wyndham Dubai Marina, Millennium Place Marina and the award-winning TRYP by Windham Dubai.
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The Burj Al Arab Hotel in Dubai, 44 meters lower than planned (Photo: Reuters)
The highest in the world
The Ciel Hotel, currently under construction in the heart of Dubai's marina, is designed by the award-winning architectural firm NORR.
The hotel, which will contain 1,209 luxury suites, will rise to a height of 365 m, thus becoming the tallest hotel in the world and a milestone in the global field.
The project is acclaimed worldwide, including three international awards in the field of real estate in 2019 for best hotel architecture: Best International Hotel Architecture, Best Hotel Architecture Arabia, Best Residential High-rise Architecture Arabia. The
initiative of The First Group will enable private investors to purchase rooms at its hotels and benefit from a refund of investment annually, and access to a variety of special rights and a high value within the program "TFG Rewards." among the benefits yearly: Return flights to Dubai, stays at no cost, access to premium remuneration plans for cost-effective, such as the Emirates Skywards and other incentives.
As part of the strategy Aimed at Israeli investors, The First Group collaborates with the local entrepreneurship and media consulting firm Mgroup.
The CEO of The First Group, Rob Burns (Photo: PR)
"Israelis will learn fast"
The CEO of The First Group, Rob Burns
, commented on the company's decision to establish an official representative office in Israel: “The First Group is proud that in the last 15 years it has succeeded in erecting 18 buildings and some of the most well-known buildings in Dubai.
Our latest project, Ciel, which will be the highest hotel in the world upon completion, opens to Israeli investors who are interested the ideal opportunity for investment.
"" Our decision to enter the Israeli market is based on our experience in the Middle East and North Africa, and we expect high demand. For investments in our hotels, "Burns added." In addition, we see considerable interest in our tourism package for potential investors "Dubai Lifestyle Investment Visit", which offers Israelis the opportunity to see our properties up close during a fun and informative subsidized trip to Dubai.
We are very excited about the groundbreaking agreement between the United Arab Emirates and Israel, and look forward to hosting Israeli investors and presenting them with the international projects we are developing. "
MGroup's VP of Business Development, Dotan Nineveh
, said: This venture has huge potential for Israeli investors.Dubai is consistently ranked among the top five tourist destinations in the world in terms of number of tourists coming to the city and hotel occupancy.Like
other investors from dozens of countries around the world, Israelis will quickly learn that Dubai's hotel market offers a safe return on investment Consistent and profitable. "
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