CTBUH dates the proposal for Princess Tower to 2005 and the start of construction to 2006. In September 2006 Gulf News reported that Arabian Construction Company had secured a contract to build the tower for Tameer Holdings, which it described as Sharjah-based. At that stage the tower was planned at 414 metres and 107 storeys on a plot of about 3,500 m², with around 750 apartments, and was expected to overtake the 323-metre Q1 Tower on Australia's Gold Coast as the world's tallest all-residential building.
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CTBUH credits Eng. Adnan Saffarini with the architectural design as well as the structural and MEP engineering, with RWDI as wind consultant and Motioneering as damping consultant. The structure is steel over concrete: a reinforced concrete core, columns and floor plates in the lower part, steel columns and beams higher up. The facade has bowed balconies at the centre of each side and corner windows, and the crown steps back to a striped dome with a compact spire. A tuned sloshing damper tank at roof level reduces lateral movement, and CTBUH notes wind-speed alarms in upper-floor apartments.
In February 2012 The National reported that the dome had been completed and topped by a 110-tonne decorative mast of steel and aluminium; handover was then expected in the second quarter of 2012. In September 2012 Gulf Business reported that the tower had been officially delivered by Tameer, with 150 units handed over in the preceding six weeks. CTBUH lists the building as completed in 2012 and states that it was then the tallest all-residential tower in the world.