The Village, located next to the Barra da Tijuca Olympic Park, will house around 11,000 competitors and 6,000 coaches for the Olympics before 4,350 Paralympians and 2,000 officials move in ahead of the Paralympics in September.

The exact cost of the facility has not been revealed.

Rio 2016 claim it is the biggest-ever Village to be used at an Olympic Games as it consists of 31 apartment buildings, some of which are as high as 17 storeys.

A total of 3,604 apartments are available at the Village.

It was revealed by organisers to coincide with Olympic Day, the annual celebration of the Olympic Movement.

The Village features a laundry, a florist, convenience stores, a bank, post office, ticket booth and even a hairdresser and beauty salon, as well as a 24-hour dining room which is expected to serve 60,000 meals during the Olympics and Paralympics.

“The big plus of this village is the fact that all the athletes will be together," Rio 2016 communications director Mario Andrada said.

"It's very important for their experience that they are able to share time and share space and meet each other, so this (the dining hall) is essential,”

A 1,800 square meter gym will also be available to athletes competing at the Games on a round-the-clock basis.

Mario Cilenti, the director of the Village who will be tasked with managing the facility throughout the event, confirmed a test of the venue will take place next week.

Security, which has been raised as one of the key concerns in the lead-up to Rio 2016, and Clienti has stressed every athlete’s bag will be checked and that “everyone who enters the village will need to go through an X-ray scanner”.

Rio 2016 has also announced Brazilian basketball star Janeth Arcain, an Olympic silver medallist at Atlanta 1996 and bronze medallist in Sydney four years’ later, has been appointed as the Mayor of the Village, which has been described as a “city within a city”.

“I think it's nice,” Arcain said.

“It's the biggest one I've seen.

“I hope the athletes can enjoy everything we did for them.”

National delegations are set to arrive on July 18 before the first Olympic competitors move in six days' later.

Those who have already confirmed they will not stay at the Village include reigning Olympic men's singles tennis champion Andy Murray of Britain.

It was confirmed in April that the United States' basketball teams will stay on one of two cruise ships housed on Guanabara Bay during Rio 2016.