UAE’s real estate company Deyaar Development announced on October 9 that work on its Dubai-based Millennium Executive Apartments Mont Rose project has been concluded, expecting the latest addition to be operational within the current month, Invest-Gate reports.

Developed in coordination with Millennium Hotels & Resorts, one of the fastest-growing hotel management companies in the region, the hospitality property features 126 one-bed and 72 studio apartments across 20 floors, complemented with grab-and-go dining service, the developer said in a recent press release.

According to the statement, the new development, which is positioned in close proximity to Dubai’s Mall of the Emirates and Miracle Garden, marks “a cornerstone to Deyaar’s long term vision in delivering sustainable returns to its shareholders and in supporting the creation of employment in the city of Dubai.”

CEO of Deyaar Saeed Al Qatami remarked, “Millennium Mont Rose is another contribution we are proud to make to Dubai’s hospitality scene, in support of Dubai Tourism Vision 2020. The diversification of hospitality offerings in the emirate will create further appeal to a diverse range of tourists, who are keen to find residences that cater to their specific needs.”

Meanwhile, Millennium Hotels & Resorts CEO (Middle East and Africa) Kevork Deldelian highlighted, “We are pleased to announce the completion of another project in partnership with Deyaar. Millennium Executive Apartments Mont Rose is the third hospitality collaboration between Millennium and Deyaar, and the second executive apartments amongst our Dubai’s properties.”