Dubai is set to open the world's tallest building amid tight security Monday. The city-state will be celebrating the tower as a bold feat on the world stage, despite the area's depressed financial situation.

The Dubai Tower boasts the most stories and highest occupied floor of any building in the world, and ranks as the world's tallest structure.

Dubai's rulers will celebrate the opening of the building with a fireworks display Monday evening.

Saud Masud, Senior Analyst, Real Estate at UBS Investment Bank, said, "We have to give them credit for an engineering feet and it's also very symbolic. It's the tallest building in the world. It speaks to the economic momentum Dubai has had, for several years now."