Miami is to get a new $3 billion mega-resort next year constructed by the same firm behind Singapore’s massive Resorts World Sentosa destination.

The enormous Resorts World Miami, which will overlook Miami’s prized waterfront, is set to open next year in between Miami International Airport and Miami Beach, Malaysian developer Genting confirmed.

The development will stretch three miles along the bayfront, filling a total of 13.9 acres and containing multiple skyscrapers with a futuristic ocean-inspired design.

Indian billionaire Mukesh Ambani has hosted a lavish housewarming party to show off his just-completed new skyscraper residence.

Some 80 of India’s rich and famous attended the party on Friday night at the 27-storey building, which dominates the Mumbai skyline.

Indian novelist Shobhaa De called the building – reported to be the world’s priciest private residence -”the Taj Mahal of the 21st century”.

The heart of Mumbai city, once a cotton mill hub, is seeing a rapid change in its skyline as more than 30 skyscrapers are mushrooming out of slumland in the city’s most congested district.

The transformation reflects the breakneck pace of growth in Asia’s third largest economy, as India’s property and capital markets boom and developers build dream homes for a rapidly-growing list of Indian millionaires.

Most of these high-rises, all over 40-storeys, are under construction while some are ready for owners to move in.

City authorities on Wednesday approved plans to build a 67-floor skyscraper near New York City’s tallest structure, the Empire State Building, over objections from owners of the iconic landmark.

The full city council overwhelmingly approved the project in a 47-1 vote. Mayor Michael Bloomberg has already voiced support for the building.

The new skyscraper, currently named 15 Penn Plaza and designed by the architectural firm Pelli Clarke Pelli, will go up two blocks from the Empire State building and across the street from Penn Station, a major bus and rail hub.

The financially troubled Gulf emirate of Dubai on Monday opened the world’s tallest building, a glistening concrete, glass and steel pinnacle rising 828 metres (2,717 feet) out of the desert sands.

Blazing fireworks rippled up and down the massive structure after it was officially opened by Dubai ruler Sheikh Mohammad bin Rashed al-Maktoum.

He renamed the building, previously known as Burj Dubai, Burj Khalifa in honour of United Arab Emirates President Sheikh Khalifa bin Zayed al-Nahayan.

Once-bustling Dubai will open the world’s tallest skyscraper on Monday, boasting new limits in design and construction, hopeful of polishing an image tarnished by the debt woes afflicting the Gulf emirate.

Emaar, the giant property firm which developed the needle-shaped concrete, steel and glass structure, has declined to reveal Burj Dubai’s exact height.

Apparently wanting to maintain the suspense, the company will say only that the tower exceeds 800 metres (2,640 feet), putting it far higher than Taiwan’s Taipei 101 tower (508 metres).