A new project is almost complete in Dubai. The Sea Palace Floating Resort with boat villas and a hotel in the middle is destined to become the city's another spectacular landmark.
Landmarks of Dubai are well known all over the world, they include the Burj Khalifa, the Burj Al Arab hotel and, of course, the famous Palm Islands. One more unusual landmark will be soon added to the list – Seagate Shipyard and El Bahrawy Group's new project the Sea Palace Floating Resort located near Dubai Marina. The project consists of a hotel and six boat villas, each $5.4 million worth. The whole project costed $163 million.
The Sea Palace Floating Resort villa is a mix of a yacht and a house, though licensed as a yacht not a house. "Villas, which have been named Neptune, are 95% complete, and the remaining work will be finished in a month, while the whole project is around 65% complete," said Mohamed El Bahrawy, CEO and founder of El Bahrawy Group. "We put glass at the bottom of the yacht so that the owner can enjoy the underwater views during the day and night and also while they are sailing." When the project is completed, the developer will apply for the approval to Dubai's maritime authorities.
The villas have two floors, a balcony and an outdoor swimming pool on the roof. Each floor is 300 square meters and total house area is 900 square meters. There is also a kitchen, a living room and two additional rooms for domestic workers.
The villas are built in accordance with boat class specification and can be separated from the entire complex. The owner can license their villa according to their passport and sail to any part of the world.
Dubai-based businessman Balvinder Sahni bought one of the boat villas for $5.4 million.
Mohamed El Bahrawy also added that the Sea Palace Floating Resort hotel will be operated by his company El Bahrawy Group.