The developer of the Dubai Pearl mixed-use project is in talks with Formula One racing group McLaren to brand a hotel and homes on the site.

Abdul Majeed Ismail al Fahim, the chairman of Pearl Dubai, which is developing the Dh15 billion ($4.08bn) project, said the initial terms of the deal had been agreed, although a contract had not been signed.

The alliance would be announced when 'the time is right', he added.

The National