Dubai-based Deyaar Development has announced the launch of the new Montrose project, which includes constructing a hotel apartment and two residential towers.
The project will cater to the growing demand for residential and well-appointed serviced apartments in Dubai.
Named after the Mountain Rose flower, the project will be developed in DuBiotech; a life sciences cluster being developed under TECOM Investments.
The project is located on one of Dubai's greenest corridors at the extension of Umm Suqeim towards Mohammed Bin Zayed Road.
Each of the project's towers will feature three basement levels and 19 floors.
The two residential towers will include 68 one-bedroom, 68 two-bedroom, five three-bedroom and two four-bedroom apartments, whereas the hotel apartment tower will house 88 studios, 68 one-bedroom and 24 two-bedroom units.
Deyaar Development CEO Saeed Al Qatami said: "Montrose is a strategic project for Deyaar and offers an inspired blend of harmonious style and comfortable living.
"This project will help Deyaar meet the growing demand for exclusive, gated community projects in Dubai.
"The location for the urban upscale community has been deliberately chosen to appeal to our potential investors and buyers."
The residential towers will open for sale on 6 September at Deyaar's new sales and service centre in the Burlington Tower, Business Bay.
Other amenities in the project include a landscaped garden, an outdoor sitting area, a kids play area, a gymnasium, a rooftop infinity swimming pool.
In addition, the hotel apartment will feature a health club, a restaurant and high-speed internet connectivity throughout the tower.
"Individuals looking to invest in Montrose can now pre-register and express their interest," Al Qatami added.
"To complement the overall offering, Deyaar is offering flexible payment plans with a minimal down payment as low as 5%. Our aim is to offer a wider target audience with the possibility of realising their dreams of owning a property in Dubai that is affordable."
Image: An artist's impression of upcoming Montrose project in Dubai. Photo: courtesy of Deyaar Properties.