Plans for the project were unveiled in New York by Italian architect David Fisher, who said: "This building will have endless different shapes".
The 420-meter (1,378-foot) building features 80 apartments that spin a full 360 degrees around a central column by means of 79 power-generating wind turbines located between each floor.
The apartments will take between one and three hours to make a complete rotation, and at 30,000 dollars (£15,254) per square meters, will cost between 3.7 million (£1.8 million) to 36 million dollars (£18 million).
Mr Fisher said the skyscraper, which would be energy self sufficient and cost about 700 million dollars (£355 million) to build, was due to be completed in Dubai by 2010.
The Mirax group plans to build a similar, 70-story skyscraper in Moscow. "We look forward to build a third one in New York and maybe in other cities," said Fisher.
"These buildings will open our vision all around, to a new life," he added.
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