CTBUH dates the proposal for the tower to 2015. In October 2015 MEED reported that Nakheel had awarded the construction of a 52-storey, 240-metre hotel and residential tower on Palm Jumeirah to a joint venture of Trojan General Contracting and National Projects & Construction. At that stage the plan was for 504 apartments and a five-star hotel with 290 rooms. CTBUH gives 2016 as the construction start.
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In March 2021 Nakheel announced that the tower was about 95% complete, with exterior cladding finished and interiors in advanced fit-out. The residential count had changed to 432 furnished apartments on levels 19 to 47, with handover planned from October 2021 (developer, announced March 2021). The 290-room St. Regis hotel was to occupy the lower 18 floors, and the rooftop was to hold The View observation deck, the AURA Sky Pool and a SUSHISAMBA restaurant.
The St. Regis Dubai, The Palm opened in May 2021 on the first 18 floors of the tower, with 264 guest rooms and 26 suites. In November 2021 CNN reported that the AURA Skypool had opened on the 50th floor, 200 m above ground, with a 750 m² pool deck. CTBUH lists the building as completed.