The Dubai-based Abbco Group is constructing the world's tallest all-suite hotel, Forex Rotana, at a cost of Dh250 million, said Emad W. Elias, executive vice-president of the Rotana Group.

Once built, the 72-storey, 380-metre-high structure will cater to the members of the global financial trade community, due to its close proximity to the Dubai International Financial Centre.

"It will be the tallest all-suite hotel in the world. Once completed, it will be verified by the Guinness Book of World Records to enter the project in its list of records."

The hotel will also have three floors of ready-made offices and residences that will be rented out on a short and long term basis, he said. This is one of the 10 new hotels announced by the Rotana Group.