Dubai firm launches Sea Palace Floating Resort
Each house consists of two floors, a balcony, and a roof with an outdoor swimming pool
Dubai is home to a number of landmarks including the Burj Khalifa, the Burj Al Arab hotel, and the Palm Islands.
The emirate will soon see the addition of one more landmark - the Sea Palace Floating Resort.
Costing Dh600 million, the project consists of a hotel and six floating glass boat houses, each priced at Dh20 million.
"It is a mix of a yacht and home. The house is licensed as a yacht. Homes, which have been named Neptune, are 95 per cent complete, and the remaining work will be finished in a month, while the whole project is around 65 per cent complete," said Mohamed El Bahrawy, CEO and founder of El Bahrawy Group.
Located near Dubai Marina, the project is being developed by Seagate Shipyard and 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 he is sailing," El Bahrawy said, adding that the developer will apply for the approval of the project to Dubai's maritime authorities upon its completion.
The house consists of two floors, a balcony, and a roof with an outdoor swimming pool. Each floor is 300sqm, which makes it 900sqm in total. The first floor consists of 4 ensuite bedrooms. It also includes a kitchen, a living room and two additional rooms for the domestic workers.
"We build it on a class certificate or class specification basis. There are 12 classes globally. You can license a house according to your passport and sail to any part of the world as each house can be separated from the entire project," added El Bahrawy.
Dubai-based businessman Balvinder Sahni, also known as Abu Sabah, bought a home for Dh20 million. Mohamed El Bahrawy said the hotel will be operated by the company itself.
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