It will sit on Sheikh Zayed Road, right across the street from the 2,716-foot Burj Khalifa, which has reigned as the world's tallest building since 2010.
A pedestrian bridge will link the two buildings, running from Wasl Tower to the Burj Khalifa metro station.
Wasl Tower is expected to be one of the world's tallest buildings with a ceramic facade.
"The rhythmic pulsating of the LED facade lighting system will draw attention to the tower in an ephemeral manner without casting additional ambient light pollution into the already active skyline," a spokesperson for UNStudio told Business Insider.
Dubai's tallest building, the Burj Khalifa, took about six years to build.
The hotel will comprise 250 five-star guest rooms.
This "vertical boulevard" will be made by stacking outdoor balconies, which will create a "green vein" and give a glimpse into the interior of the building, according to UNStudio.
It will be topped by infinity pools on the roof of the tower.
At the base of the tower will be a low-rise car park building, which will also house a ballroom. Yet another outdoor pool will sit on the roof of the car park.
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