Dubai World and the Trump Organisation begin receiving bids for the most expensive penthouse in their new Trump Tower.

Nakheel, the property arm of Dubai World, and the Trump Organisation today began receiving bids for the most expensive penthouse for their new Trump Tower on the Palm Jumeirah project.

The tower, which will house a hotel and apartments, has seen pre-sales of some of the properties sell for up to $3,000 per square foot.

The project is due to be completed in the summer of 2011, and comprise two separate towers which join at the fortieth floor to create a diamond shaped pinnacle.

The development forms part of a boom in construction in Dubai which includes the Burj - the world's tallest man-made structure - that is expected to be habitable next year.