Azizi Developments on Wednesday announced the pre-launch of its 222-unit Montrell Serviced Apartments project worth more than Dh300 million.

It will offer 168 fully furnished luxury studios and 54 one-bedroom units with reception and concierge, valet parking, cafes and restaurants, gym, outdoor pool, children’s play area retail outlets.

The total cost of the development is said to be in the region of $80 million, and Dubai’s hotel occupancy rates average 86%. By 2020, 20 million tourists a year are expected to come to Dubai.

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