FAQ

There’s never been a better time to claim a stake in Dubai's real estate market due to several factors:

• Expo 2020 legacy: The legacy of Expo 2020 Dubai continues to drive tourism arrivals and business investment, which combined with rapid population growth, is creating unprecedented demand for residential and commercial properties.
• Government initiatives: Recent government initiatives aimed at stimulating the real estate market, such as long-term visas for property owners and relaxed foreign ownership laws, have made Dubai an even more attractive destination.
• Market growth: The real estate market, which has set new benchmarks in terms of sales volumes and transactional values over the past 12 to 24 months, continues to post remarkable growth. This presents a unique opportunity for owners to capitalise on current trends before the rate of growth stabilises.

The First Group provides clients from across the world the opportunity to purchase hotel units in its portfolio of 19+ world-class developments, which are located in the city’s most exciting precincts, including Dubai Marina, Business Bay and Jumeirah Village.

The First Group also owns the award-winning The First Collection hotel brand, which ranks among the UAE’s fastest-growing lifestyle-focused hospitality operators.

The firm’s unique ownership model sees it fully manage clients’ hotel assets on their behalf in conjunction with a world-class hotel operator, with the latter responsible for securing the highest possible occupancy and room rates, providing clients with peace of mind that their asset is being leveraged to its maximum potential. Net profits are returned to owners in U.S. dollars, the world’s benchmark currency.

The First Group’s proven model simplifies the process of purchasing a stake in world-class hotels while offering a range of attractive benefits:

• The First Group and its hotel operating partner manage your hotel asset/s on your behalf.
• There are zero maintenance fees, so no out-of-pocket expenses.
• ROI is typically strong and consistent, particularly in a major hotel market like Dubai. Hotel guestrooms generate a higher percentage yield annually and better immediate ROI than buy-to-let alternatives.
• The First Group assigns a dedicated Client Account Manager to help manage your portfolio, giving you the freedom to enjoy the significant returns generated by your asset.
• The First Group’s upcoming hotel projects are situated in fast-growing, centrally located areas of the city, such as Dubai Marina, Business Bay and Jumeirah Village, which are close to major attractions and transport connections.
• Ciel, The First Group’s most ambitious development to date, which is located in the heart of Dubai Marina, is set to become the world’s tallest hotel upon completion, making it a global landmark in its own right.
• Dubai is renowned for delivering consistent hotel occupancy rates thanks to its popularity and regularly boasts the strongest RevPAR and ADR in the Middle East and North Africa.

• The First Group operates four leading residential developments in Dubai Sports City: The Diamond, The Bridge, The Spirit and The Matrix; and three popular hotel-apartment complexes in Barsha Heights: First Central, Metro Central and Grand Heights.
• Its fast-growing The First Collection portfolio of urban lifestyle resorts currently comprises of The First Collection at Jumeirah Village Circle, which was named one of the world’s Top 25 Hottest Hotels for 2022 by TripAdvisor; the 437-guestroom The First Collection Business Bay; and the recently opened The First Collection Waterfront, which is also situated in Business Bay and provides stunning panoramic views of Dubai Canal. Finally, the 32-storey, 675-guestroom The First Collection Marina, which is situated in a prime location offering stunning views of the Arabian Gulf and world-famous Marina district.
• The First Group also owns and operates one Wyndham-branded hotel in Dubai: the multiple award-winning, 675-guestroom TRYP by Wyndham Dubai, which is renowned as the world’s largest TRYP-branded property.
• Other landmark hotel featuring in The First Group’s Dubai Marina portfolio include the 462-guestroom Millennium Place Marina.

Reflecting The First Group’s reputation as one of Dubai’s fastest-growing hotel developers and operators, the firm’s construction pipeline currently comprises the 349-guestroom Avalon Tower in Jumeirah Village; the 579-guestroom The One at Jumeirah Village Triangle; the 492-guestroom The One Hotel at Business Bay; and the flagship 82-storey architectural icon Ciel, which is currently under development in Dubai Marina and will set a new benchmark as the world’s tallest hotel when it opens in late 2024.

Property owners in Dubai can qualify for UAE residency visas, ranging from two years to 10 years, under specific conditions. For a two-year residency visa, individual investors must purchase property with a minimum value of AED 750,000.

To qualify for a 10-Year Golden Visa, owners must purchase property valued at AED 2 million or more. It's important to note that residence visas are subject to government approvals, and investors must meet the eligibility criteria set by the UAE government.

Our tailored services simplify the process, guiding you towards obtaining residency visas while capitalising on lucrative real estate opportunities.

The process of purchasing a hotel room with The First Group is designed to be simple and hassle-free. It typically begins with the Visit Dubai travel package, a specially curated experience for potential owners keen to learn more about why Dubai is home to one of the world’s fastest-growing hotel markets. The package includes:

• Complimentary stay at one of our world-class hotels: As a guest of The First Group, you'll enjoy a stay in Dubai on us! During your visit, you'll receive an exclusive tour of our hotel portfolio as well as complimentary vouchers which will enable you to dine at our award-winning restaurants.
• Property tour and showroom visit: You'll have the chance to tour our state-of-the-art showroom, where you’ll learn more about our upcoming hotel developments, including our flagship project Ciel, which is set to be the world’s tallest hotel.
• Consultation and experience: A dedicated consultant will guide you through the benefits of purchasing a hotel guestroom. Alongside this, you’ll experience Dubai’s iconic attractions firsthand.

Take advantage of this exclusive opportunity to diversify your portfolio by booking a free consultation today.

Dubai's real estate market is widely recognised as a lucrative option due to the following factors:

• Rapid economic growth
• Stable political climate
• Innovative, advanced infrastructure

Among the various investment opportunities, residential real estate, including apartments and villas, offers substantial growth potential. The market is known for its high rental yields compared to other major cities globally.

Besides residential properties, commercial real estate and hotel ownership opportunities are also highly attractive due to Dubai's status as a global business hub and a leading tourist destination.

The hospitality sector, in particular, benefits from Dubai's continued popularity among international tourists and business travellers alike, offering owners significant returns.

Receive consistent rental income from hotel operations with minimal effort.

As property values increase, your hotel unit can grow in value over time.

Enjoy a hands-off experience with a dedicated team handling all property management and guest services.

With full title deed ownership, you have legal control over your property.

Hotels located in popular destinations tend to experience strong demand and high occupancy, leading to consistent returns (Dubai Occupancy rates).

Hotel ownership allows you to add a unique and profitable asset to your portfolio, beyond traditional financial assets.