With high motives in minds, Nakheel, UAE's leading real estate developer has announced its plans to build the tallest building of the world, which would be nearly 1 km high. Earlier Nakheel had made man-made islands in the shapes of a palm tree and had earned a lot of appreciation.

The company said that the building when constructed would be the centre-piece of an inner-city harbor planned at the emirate's unofficial capital. 

Thought the exact height or cost was not disclosed, the company did say, “The building will have more than 200 floors and be a of a multi-billion pound development.”

“From our perspective, we are building a tower that's going to be over a kilometre in height. This is a complete iconic development. It may be the tallest,” said Nakheel chief executive officer, Christopher O'Donnell, while speaking at a press conference.

This enormous tower and harbor project will take more than 10 years to complete. The company also said, “Apart from the landmark structure, there will be another 40 towers, ranging in height from 20 floors to 90 floors. The entire development will be home to more than 55,000 people and a workplace for more than 45,000.”