The blaze is the latest in a series of fires to hit tall buildings, including residential compounds and hotels, in the Gulf's tourism and business hubover the past two years.
Civil defence teams were battling the blaze which broke out at the Oceana, a residential compound on the palm-shaped island, a Dubai media office said on Twitter.
"The building was safely evacuated and no injuries were reported," the Twitter account said.
In August a fire swept through a 28-storey building under construction in the UAE capital, Abu Dhabi, injuring 13 people, including 10 civil defence and other emergency personnel.
Earlier in August, a fire damaged part of a multi-storey building under construction in Dubai and in July another fire broke out in the residential 75-storey Sulafa Tower in Dubai's upscale Marina District.
On New Year's Eve, a blaze hit a Dubai hotel and in February 2015 there was a fire at a 79-storey residential tower in the emirate.
