With a budget of nearly $220 million and plans for one of the most impressive and luxurious places to stay in Dubai, the world should brace itself for this latest – and possibly greatest – addition to what is already one of the finest cities on the map.

Dubai-based Arabtec Holding, one of the major construction companies in the Middle East & North Africa (Mena) region, said yesterday it has been awarded a Dh810 million contract to build a 5-star hotel and apartments in Business Bay Dubai.

In a statement, Arabtec said the project is set to commence in the second quarter this year with expected completion in the second quarter of 2015. Located in the heart of Dubai, the development has a built up area of 125,000 square metres and encompasses two towers with 447 rooms and 136 serviced apartments.

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