They say seahorses pair for life, so you may want to pair yourself with a floating Seahorse Villa off the coast of Dubai. Dubai’s famous Seahorse Villa dwellings will now be recognised as homes, which means buyers will potentially be the first globally to own not only the structure but also the ocean plot beneath.
Kleindienst Group, developer and creator of the wider The Heart of Europe project, has now initiated the plot sub-division application process. According to a statement, the Floating Seahorse Villas will be known only as Villas and by adding ocean ownership through the title deed, it will significantly increase the value of each property. Once completed, the floating homes will allow owners to treat their property in the same way as an on-shore one and the plot on which a property sits is usually valued between 20% and 50% of the total asset value.
“The Heart of Europe is a pioneering resort development introducing the new concept of second homes to the region and now this world first,” said Kleindienst Group founder and chairman Josef Kleindienst. “The registration of The Floating Seahorse Villas as a Villa is the first step to enabling people to have a title deed to their own piece of ocean. It will make true ocean-living a reality for the first time in the world.”