Floating seahorses. The villas are a part of the companys Heart of Europe development, a group of artificial islands modeled after European design and heritage.

Average Daily Rate for one Floating Seahorse AED 15,000*
Each Floating Seahorse can accommodate up to six people. The total built size is 182m2 / 1960 sqft

Estimate Annual Rental Revenue AED 4.5 million*
Based on 300 nights rented per year.

The villas have three levelsthe main floor at sea-level, an upper deck, and a lower level completely submerged in water. The lower level consists of a master bedroom with floor-to-ceiling windows for a completely uninterrupted view of the ocean around you.

The Floating Seahorse is essentially a boat, not a villa,. Its a boat that doesnt move, with a fully-fitted kitchen and a glass-bottomed jacuzzi on its sun deck. But sure, lets call it a boat.

The homes are currently selling for 6.5 million AED ($1.8 million). Only 42 have been built, and 35 have already been sold. The project is scheduled to finish by the end of 2016, and the first tenants will move into their giant floating seahorses in 2017.

The Heart of Europe is itself a section of The World, a man-made archipelago constructed in the shape of a globe four kilometers (2.5 miles) off the coast of Dubai. After a halt in construction following the 2008 financial crisis, The World appears to be up and running again, and The Heart of Europe is set to be its first finished project.

But the floating seahorse villas are not just good news for Dubais ultra-rich. The developers say theyll be creating some cushy accomodations for actual seahorses, an endangered species, too. We will create an artificial coral reef beneath the luxury retreats

The Heart of Europe in Dubai will be a truly unique holiday destination providing an authentic experience of some of Europes most charming and timeless features. The six stunning islands will be home to a variety of fantastic hotels, climate controlled plazas, authentic European cafes and restaurants, boutiques, a plethora of quality live entertainment and so much more! Dubai is synonymous with innovation, ambition, excitement and intrigue