Dubai developer Omniyat has appointed Australia-headquartered Brookfield Multiplex as the main contractor for a Dh2-billion ($544 million) luxury tower on Dubai’s Palm Jumeirah island.

The 23-storey One at Palm Jumeirah aims for a Leed (Leadership in Energy and Environmental Design) Silver rating. It will be completed over the next two years and will offer a total built-up area of 107,795 sq m.

Located at the first plot on the trunk of Palm Jumeirah, the building houses 90 ultra-luxurious apartments. Prices of the apartments start at Dh14 million ($3.8 million) and go all the way up to the Dh200 million ($54 million) for a penthouse.

Omniyat group managing director Mark Phoenix said: “Our relationship with Brookfield Multiplex goes back a long time and both the management and team have always demonstrated the highest level of expertise and professionalism.”

John Ferguson, the executive chairman of Brookfield Multiplex, said: “We are delighted to be chosen to build this unique and outstanding project, and we look forward to building on our existing relationship with Omniyat.”

Divided vertically into three cores, with each core allowing access to a maximum of two apartments per floor, the building is designed to provide owners with unprecedented privacy and exclusivity.

The apartments, designed by Tokyo-based interior designer Super Potato, will be finished with quality materials, finishes, joinery, kitchens, walk-in closets and bathrooms. The landscaped terraces will offer panoramic views of Dubai’s skyline.

The complex will house three swimming pools, a private yacht club, spas, gym, library, private cinema and spacious landscaped areas designed by the world-famous Vladimir Djurovic.