Penthouse suites sell out at world’s next tallest hotel tower in Dubai

The First Group

• The Ciel hotel skyscraper in Dubai Marina is set to open in 2024
• It will take the world’s tallest hotel spot from the Gevora

Top-floor suites have sold out at Ciel, a hotel tower under construction in Dubai Marina, AGBI understands.

The 365-metre tower will be the world’s tallest hotel when complete, and is being developed by The First Group.

The penthouse suites were offered to investors for more than $755,000, although investment opportunities in the Ciel tower are believed to start from $200,000.

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Construction is set for completion in the first quarter of 2024.

“Despite the challenges presented by the pandemic, we are making great progress and firmly on track to open the property officially in 2024,” said Rob Burns, CEO of The First Group.

The superstructure is 99 percent finished and the mechanical, electrical and plumbing work is 80 percent complete, the developer said.

The installation of building facade brackets is complete up to the 72nd floor, while tiling work has reached 66 percent completion and the installation of wall partitions and plastering is 97 percent complete.

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Ciel will take the title of world’s tallest hotel by just 9 metres, ousting another Dubai skyscraper – the Gevora Hotel on Sheikh Zayed Road, which opened in 2018.

The 82-storey hotel, designed in conjunction with architecture practice NORR, will have more 1,000 guest rooms and suites, an observation deck on the 81st floor and a rooftop infinity pool and bar on the 76th floor. 

Another standout feature will be Ciel’s 300-metre-tall atrium.

Occupancy in Dubai hotels is expected to reach an average of 80 percent this year, according to a report from Zoom Property. Average daily rate and revenue per available room are also forecast to increase steadily in 2023.

Dubai had 14.36 million international overnight visitors in 2022, a year-on-year increase of 97 percent, according to data published last month by the Department of Economy and Tourism.

Although this is still 14 percent below 2019’s 16.73 million, the revenue figures for hotels were stronger. Average daily rate increased from $415 in 2019 to $536 last year, while revenue per available room rose to $391 from $312 in 2019.