The £31.5m project also includes an adaptable 50 metre competition pool, a wave pool, rapid river, dive pool, flumes and a fitness suite, as well as a multi-storey car park.
A total of £3m has been invested in the facility by sportscotland.
Once opened, the Olympia will be operated by Leisure & Culture Dundee and work in partnership with Dundee City Council.
Councillor Ken Guild, City Council Administration Leader, said: "This is the centrepiece of a massive investment programme that the city council is taking forward for the future of sport in Dundee.
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"I am sure that everyone will agree that this magnificent new Olympia has been worth the wait and we were determined it would be open in time for the school summer holiday, which is what we have achieved.
"It is a place that will be enjoyed by families as well as a facility where competitive swimmers can hone their skills."
Louise Martin CBE, Chair of sportscotland added: "We are developing a world-class sporting infrastructure throughout Scotland, and a central component of that is helping to provide excellent facilities that are accessible for local communities to use and enjoy.
"The new Olympia is a tremendous asset for the people of Dundee and surrounding communities, and we are delighted to have invested £3 million to augment Dundee City Council's spending.
"This wonderful leisure centre is delivering a sporting legacy for the whole community and helps us maximize the opportunities for people to become involved in sport and physical activity."
Dundee City Council has said the facility is expected to open to the public on Thursday 27 June.
(JP/CD)
