About 10 local and international companies priced the contract, which calls for the construction of a 45-storey building, with a three-level basement and a ground floor. It will house a hotel, restaurants and 220 one, two and three-bedroom apartments.

The total built-up area will be about 1 million square feet. The 28-30-month project will also cover the construction of a three-level car park, with space for 550-600 vehicles.

The client is a member of Dubai’s ruling family. The consultant is the US’ Arcon. The local Middle East Foundationsis undertaking the pilings package.