It comprised a twin-tower complex which was to contain extensive office space, residential apartments and penthouses, retail outlets and boutique hotels.

The site for the project was the former IETT Bus Garage, on Büyükdere Avenue in the financial district of Levent.

This prime plot of land is located amongst many of Istanbul's current crop of skyscrapers - across the road from the Sapphire of Istanbul (Turkey's current tallest building), and will reach 261m in height.

The project will cost US$500,000,000 and is part of a US$5billion investment into the city.

The agreement states that Sama Dubai will hold 80% of DTI's shares, while the Istanbul Metropolitan Municipality, which currently owns the land plot, will hold 20%.