Bacpac Import fails with error 'The Element or Annotation class SqlDatabaseOptions does not contain the Property class CatalogCollation'

I want to restore some production azure database on my local machine for development purposes. So I exported the production database to a .bacpack file & downloaded that file on local. Now I am trying to restore that file on my local machine using sqlpackage utility but it is throwing following error > *** Error importing database:An error occurred during deployment plan > generation. Deployment cannot continue. The Element or Annotation > class SqlDatabaseOptions does not contain the Property class > CatalogCollation. Can someone please tell me what does this error means & how to fix it? Thanks in advance.