By the end of the year, floating villas will appear in Dubai

The Floating Seahorse project is due to be completed in Dubai by the end of 2023. These are “floating villas” with underwater floors.

In total, the project includes 131 three-storey villas. In each villa, one floor is under water. The area of each villa is about 372 m², on which there are, among other things, two bedrooms and three bathrooms. The villas have climate control and smart home systems.

It is assumed that such an exotic project will be in demand in the luxury real estate market among wealthy buyers who are looking for unusual housing. In addition, villas can bring high rental income. We are talking primarily about tourists who will rent accommodation for a short time.

Analysts suggest that floating villas will bring additional diversity to the Dubai luxury real estate market, which is developing faster every year.

Initially, the Floating Seahorse project became known in 2015. By the end of 2021, all the villas were sold out. According to experts, most buyers bought villas rather for the purpose of investing and obtaining high rents in the future.

Floating Seahorse Villas can be purchased on the secondary market. The cost of one villa is about AED 21 million ($5.72 million). When the developer, the company Heart of Europe, completes the neighboring construction projects, living in floating villas will become even more comfortable.