The jets won't start arriving in Emirates' fleet until 2022, but the carrier, which has more than 200 jets on order from Boeing now, has been battered by rising oil prices, increased competition, falling fares and a Gulf region beset by political chaos.
The fully enclosed cabins offer spacious privacy, with around 40-square-feet of space, 32-inch TVs, gourmet dining, and leather seats that use NASA technology to fully recline in a "zero gravity" position.
To get you up to speed on some of the features found in the new S-Class-inspired First Class Suite, the airline has roped in The Grand Tour host Jeremy Clarkson for a formal introduction.
Each suite has a "service window" where customers can be served food and drink "undisturbed", while a video call function allows passengers to communicate with the cabin crew or request room service.
Emirates' latest first-class product gives a nod to the design philosophy of the Mercedes-Benz S-class.
Emirates unveiled its highly-anticipated new first class private suites on Sunday at the Dubai Air Show - and they're even more luxurious than we expected.
All cabins now feature newly-designed seats and upgraded in-flight entertainment systems, including "ultra-wide viewing angles", a touch screen, an LED backlight, and HD display.
The latest deal continues the close relationship between the two firms, with Emirates being the largest operator of Boeing's 777 fleet - something that will continue with Emirates set to be the first to receive the 777X in 2020.
According to an official release, the First Class Suite is the result of a three-year long cooperation between both companies.
The phase of slow growth for Emirates comes after a blistering expansion that has added 100 A380s and 109 777s to its fleet over the last decade. There are six fully enclosed cabins Emirates Boeing 777 jets.
For entertainment, Singapore Airlines' KrisWorld entertainment system lets passengers select what they want to watch beforehand through the SingaporeAir app, or bookmark and resume content from wherever they left off.