Dubbed the "Dynamic Tower", it was first proposed by Israeli-Italian architect David Fisher in 2008.
It is set to have 80 rotating floors capable of spinning 360 degrees within the 1,375ft-tall building with swimming pools, gardens and even car lifts so that owners and guests can park their cars outside their property.
Each floor will rotate around a special concrete core running through the centre of the building with first class service expected to be offered to guests.
There will also be wind turbines between each storey to provide power to each unit.
And it is expected to cost in the region of £355million to build.
But some of the floors in the block that will be turned into apartments won't come cheap - with each expected to cost a staggering £24million.
The Dynamic Group say the hotel will offer a 'wellness experience' - not just a hotel stay - presumably meaning there will be spas as well as swimming pools and fitness centres available.
It said on its website: "Indeed, it will no longer be a 'hotel' but a new product in line with today's life.
"How many stars? This 'hotel' will be beyond stars."
Work on the building was meant to begin in 2010 but has been held up by various planning obstructions as well as design changes.