The project will include a new 55-storey residential tower, 16-screen cinema, park, retail and car park complex.
The high-rise, with 279 apartments, will be located near the 48-storey Ibn Battuta Residences twin-tower, which will have 279 apartments. These will be linked to the mall.
The top level of the four-storey car park complex, with 515 bays, will have a health and wellness centre, while the new complex will boast of a 32,000-square-feet landscaped park with a 200-metre jogging track.
The 16-screen cinema complex will cover more than 700,000 square feet.
The next expansion phase will include a 1 million-square-foot mall featuring a retractable roof for year-round shopping and a second hotel.