The estimated AED 1,000 million ($272 million) contract calls for the construction of two residential buildings on either side of the hotel overlooking Palm Jumeirah. Both towers will have about 50 storeys and include leisure and entertainment facilities. The contract also covers a podium linking the towers to car parking facilities and a shopping mall.

The local Dewan al-Emara Architects & Engineers is the local consultant on the hotel and residential towers. The US' Turner ConstructionInternationalis the project manager on the entire development.

The Dubai Pearl complex will cover more than 10 million square feet and include three hotels, 2,000 residential units, an opera house and retail facilities. The project costs are estimated at about AED 3,000 million ($816 million). The development is scheduled to be completed by 2006. Omnix International, part of Qatar's Salam Holdings, is the developer.