Property prices are converted using today's exchange rates and will be rounded up to the nearest 1000.
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The building will be constructed by the China State Construction Engineering Corporation at an accepted contract value of AED 620 million.
The anticipated construction schedule of 830 days should bring it to completion by the end of 2017.
It will have 9 floors including ground level and cover an area of 79,000 square metres.
The luxury 5 star hotel is located near the end of the east crescent of Palm Jumeirah and will have 325 rooms including 238 deluxe standard rooms.
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