Nakheel has signed a Dh2.9 billion contract with an Al Habtoor-Murray & Roberts joint venture for the construction of the Trump International Hotel and Tower on the Palm Jumeirah.
The 62-storey, 270-metre structure will have a total gross built-up area of more than 250,000 sqm. The design features two towers that will rise above the Palm Monorail and central park and merge into one.
The development, which will bring Donald Trump's brand to Dubai for the first time, will have 378 hotel rooms and suites, 385 condominiums, 12 townhouses, and 45,000 sq ft of retail and 60,000 sq ft of office space.
The building will offer panoramic views of the Gulf and a range of exclusive leisure facilities including a private beach, yacht club and a selection of dining options.
"Trump, Nakheel and Dubai – this is a combination that makes a luxury destination point an absolute necessity for the world traveller," said Donald Trump, Chairman and President of the Trump Organisation.
"Trump International Hotel and Tower Dubai will not only be spectacular, but will offer the ultimate in luxury with the finest amenities available in the world.
"That's what Trump stands for, and that's what we'll deliver. Having the combined expertise of the Al Habtoor and Murray & Roberts construction teams will ensure the greatness of our plans. I'm looking forward to a fantastic success."
Nakheel CEO Chris O'Donnell said: "Nakheel and Donald Trump have come together to create one of the most anticipated new builds in Dubai.
"No other development in Dubai will offer the same standards of service and amenities in such a highly coveted location – where else in the world could you step out of your luxury apartment and have instant access to marinas, 30 five-star hotels, the Atlantis resort and Cirque du Soleil?
"The partnership with the Al Habtoor-Murray & Roberts joint venture will ensure that the bold and ambitious design is brought to life. Both construction companies have vast experience of delivering high quality developments across the Middle East."
The project is the first joint venture between Nakheel and the Trump Organisation. Construction will start in July 2008 and completion is due in May 2011.