Dubai Property Ring's director, Tav Singh has said the company is planning to start construction on its Dhs700m 360-degrees revolving tower in a matter of weeks, the National has reported.

The tower, called 55 Time Dubai, will be located in the City of Arabia development in Dubailand, will be the first of 24 rotating buildings in each of the world's time zones. Singh said the project was able to move forward because it was partially financed by a group of investors and the company itself, and that the company has enough funding to keep the project going for more than six months.