Bonyan to build 150-floor hotel, world's tallest

Property developers Bonyan International Investment Group will invest Dh4.4 billion ($1.2 billion) to build the world's tallest hotel tower in Dubai Park Square Tower, officials said.

The height of the tower, to be located near the Trade Centre junction, has not been disclosed, but the officials revealed it could exceed 150 floors. But all that may change as the project takes final shape, they added.

A group of UAE-based investors National Investments Company, Al Ayaan Group of Companies, Feasibility Group, as well as prominent Omani and Qatari investors are behind Bonyan which has been rebranded from Dar International for Development (DAR).

Construction of the mammoth project, which will also be the world's second-tallest tower planned so far, is expected to start in six months and be completed by 2010.

The project is being developed in partnership with KM Properties, part of Al Rostamani Enterprises.

The company has yet to appoint an architectural firm to fine-tune the concept.

Tariq Ramadan, Bonyan's group general manager, told Gulf News, "We will appoint a consortium of local and international architects for the project, probably through a design competition. Following the detailed design, we will float tenders for the project.

"The tower will have serviced apartments and a shopping and entertainment arcade. However, all are in raw concept form. We will fine-tune them in the coming months taking views of future partners and tenants to offer the best solutions to their needs and adjust the design in accordance with their requirements."

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Group has ambitious plans for the future