UPDATE.

(From Gulf Construction)

Emirates Group plans new five-star Dubai: Emirates group will be building a new Dh800 million ($218 million) five-star, luxury hotel in Dubai

The new 70-storey, 350 m high building on Sheikh Zayed Road, which will be among the world's five tallest hotels, and also one of the largest in the UAE

Contemporary and futuristic in its design, the Emirates Hotel will break new architectural ground with cantilever rooms and over 50 sky terraces. When completed in 2008, it is certain to stand apart with its distinctive elevation in a stepped form, encased in a glass and aluminium exterior, a spokesman said

The hotel will offer 560 deluxe rooms, 112 suites and one Presidential suite, each giving guests a panoramic view of Dubai, including some of its most prestigious projects, such as the Burj Dubai, Business Bay and the Dubai Financial Centre

With a huge, 25,000 sq ft health club, guests will have ample opportunity to get in shape at the ultra-modern, state-of-the-art gymnasium or unwind at the relaxing spa. Entertainment facilities and common areas also will include a shopping boulevard, 15 food and beverage outlets and a rooftop bar on the 69th floor of the building

Builders Merchants sees rising ...