World's tallest twisted tower opens

The tallest twisted structure in the world was inaugurated on Monday in Dubai Cayan Tower spirals at 90 degrees from the bottom to the top -- standing 307 meters high It was due for completion in 2010, but a flood and financial crisis caused delays

Dubai (CNN) -- A land of superlatives.

The world's tallest tower, the longest driverless public transit network, the largest illuminated advertising sign, to name a few.

Now Dubai, one of seven emirates making up the United Arab Emirates, is home to another record: the tallest twisted structure in the world.

Cayan Tower, which spirals at 90 degrees from the bottom to the top, was inaugurated on Monday with a spectacular firework display as it stands in the Dubai Marina, a man-made harbour.

.cnnArticleGalleryNav{border:1px solid #000;cursor:pointer;float:left;height:25px;text-align:center;width:25px} .cnnArticleGalleryNavOn{background-color:#C03;border:1px solid #000;float:left;height:25px;text-align:center;width:20px} .cnnArticleGalleryNavDisabled{background-color:#222;border:1px solid #000;color:#666;float:left;height:25px;text-align:center;width:25px} .cnnArticleExpandableTarget{background-color:#000;display:none;position:absolute} .cnnArticlePhotoContainer{height:122px;width:214px} .cnnArticleBoxImage{cursor:pointer;height:122px;padding-top:0;width:214px} .cnnArticleGalleryCaptionControl{background-color:#000;color:#FFF} .cnnArticleGalleryCaptionControlText{cursor:pointer;float:right;font-size:10px;padding:3px 10px 3px 3px} .cnnArticleGalleryPhotoContainer cite{background:none repeat scroll 0 0 #000;bottom:48px;color:#FFF;height:auto;left:420px;opacity:.7;position:absolute;width:200px;padding:10px} .cnnArticleGalleryClose{background-color:#fff;display:block;text-align:right} .cnnArticleGalleryCloseButton{cursor:pointer} .cnnArticleGalleryNavPrevNext span{background-color:#444;color:#CCC;cursor:pointer;float:left;height:23px;text-align:center;width:26px;padding:4px 0 0} .cnnArticleGalleryNavPrevNextDisabled span{background-color:#444;color:#666;float:left;height:23px;text-align:center;width:25px;padding:4px 0 0} .cnnVerticalGalleryPhoto{padding-right:68px;width:270px;margin:0 auto} .cnnGalleryContainer{float:left;clear:left;margin:0 0 20px;padding:0 0 0 10px} Photographer Daniel Cheong spent the past six months photographing the record-breaking skyline of Dubai, UAE, at just the right moments. Burj Khalifa, the world's tallest building at 2,722 feet, is seen here from the 79th floor of the Index Tower. Looking north from the 101st floor of the Burj Khalifa, the Index Tower, center, and other skyscrapers stand high above the clouds. The skyline just along the coastline of the Persian Gulf is seen from the 85th floor of the Princess Tower. Looking north from the 79th floor of the Index Tower, the tops of the Park Towers, bottom center, along with the buildings lining Sheikh Zayed Road are visible. The windows of the Burj Khalifa catch a glint of sunlight as the skyscrapers of Dubai stand high above the clouds in this image taken from the 79th floor of the Index Tower. Stunning photos of Dubai's skyline Stunning photos of Dubai's skyline Stunning photos of Dubai's skyline Stunning photos of Dubai's skyline Stunning photos of Dubai's skyline HIDE CAPTION << < 1 2 3 4 5 > >> Stunning photos of Dubai's skyline Breaking records in the Middle East Dubai's vision

The 1 billion dirham ($272 million) residential tower has 75 floors housing 495 apartments. Developer, Cayan Real Estate Investment and Development Company, says 80% of the units have already been sold.

On a secondary market property website, a one-bedroom apartment carries a price tag of $435,000.

The structure stands at 307 meters high with each floor rotated by 1.2 degrees.

Construction on Cayan Tower, previously known as Infiniti Tower, started in 2006 but soon after that a major flooding in the basement caused a delay. The tower was set to finish in 2010 but then faced another hurdle, the financial crisis in 2009.

The credit crunch forced many projects in the city to be put on hold or be scrapped altogether.

Dubai, whose economy relies heavily on real estate, saw property prices slump as much as 60% during that time.

But a recovery is well underway in the Emirate.

Analysts at property consultant, Jones Lang LaSalle, say real estate investment in the first quarter of the year has been "very active". Sale and rental prices continue to rise, building on the strong growth of 2012.

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