Canada’s Brookfield Multiplex has won an estimated AED500m ($136m) contract to build the One at Palm Jumeirah residential tower in Dubai.

The 25-storey tower will have 90 apartments, swimming pools, a cinema, a cigar lounge, a spa and a yacht club.

The building is designed by Soma from New York. Super Potato from Japan is the interior designer and Vladimir Djurovic from Lebanon is the landscape architect.

In 2014, local developer Omniyat and local contractor Drake & Scull International (DSI) said they had broken ground on the scheme.

The two companies formed a partnership for a real estate development on the Palm Jumeirah earlier in 2014.

The project is the latest on the Palm Jumeirah to move forward. At the end of 2015, state-owned Investment Corporation of Dubai selected a joint venture of South Korea’s Ssangyong and the local/Belgian Bel Hasa Six Construct for early construction works on the Royal Atlantis Resort & Residences.

The expansion will be built next to the existing Atlantis hotel, which opened in 2008 on the crescent of the Palm Jumeirah.

The new 800-room, 46-storey hotel will be managed by Bahamas-based luxury hotel developer and operator Kerzner International. The development will also include 250 luxury residences, as well as retail outlets. The property is scheduled for completion by 2017.