Seven Residences will operate separately from the company's next-door property Dukes Dubai, and may include a small luxury hotel offering within the building: "We may keep part of the inventory, and convert it into a boutique hotel," said Seven Tides CEO Abdulla Bin Sulayem.

Located on a plot of land between Dukes Dubai and The Fairmont Palm Hotel & Resort, the project will feature 1,066 studio, one-, two-, and three-bedroom serviced apartments. Construction work started earlier this month, and the project is expected to complete by December 2019.