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Dubai floating home developer to offer ocean plot ownership

Title deeds for units of The Floating Seahorse Villas could include 'ocean ownership', Kleindienst says

The Heart of Europe's floating homes have been approved for classification as 'villas'.
© Kleindienst Group
The Heart of Europe's floating homes have been approved for classification as 'villas'.

The world’s first floating structure in Dubai has been approved for registration as a villa by government authorities, according to developer Kleindienst Group.

Part of Kleindienst Group’s The Heart of Europe scheme, The Floating Seahorse Villas have been okayed for classification as 'villas'. As a result, the developer said, buyers of the homes could be among the world’s first individuals to not only own the structure, but “also the ocean plot beneath as a pioneers of ocean ownership, subject to authority approval”.

Kleindienst said it has initiated the plot sub-division application process in this direction. The developer said that “adding ocean ownership through the title deed” would “significantly” raise the value of each unit within The Floating Seahorse Villas scheme.

“Once completed, [the deed] will allow owners to treat their property in the same way as an onshore one” Kleindienst said in a statement.

Founder and chairman of the real estate company, Josef Kleindienst, said The Heart of Europe had achieved yet another “world-first” milestone.

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Insta-worthy Dubai luxury. SWIPE Pictured here is Dubai's high-profile floating The Heart of Europe project. Phase 1 sales on the scheme have reached 85%, developer Kleindienst said. The news comes as Dubizzle reveals that most UAE residents want to live in Instagrammable homes! Want to know more about The Heart of Europe and Dubizzle's report? Visit our BRAND NEW WEBSITE now (link in bio!). : @thoe_dubai . . . . . . . . . . . #dubai #dubaiweather #dubaiview #dubaiskyline #dubailife #dubaibuildings #dubaiarchitecture #dubaiconstruction #UAE #mydubai #engineering #constructionsite #engineeringlife #civil #civilengineering #igers #igersdubai #igersdaily #businessnews #latestnews #news #dubaitourism #floatinghome #dubailuxury #dubaitag #realestate #properties #beautifuldestinations #investment

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“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,” Kleindienst's founder continued.

“It will make true ocean-living a reality for the first time in the world.”

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Construction Week Middle East 11th Jan 2020
Jan 16, 2020