Dutch developer plans floating residences in Dubai
New Living on Water says it will generate $100m in sales per year with floating residences
A Dutch developer has said that it will launch a range of floating residences in Dubai during the Cityscape Global property exhibition in September 2016.
In a press statement, New Living on Water (NLW) has said that it is aiming to generate sales of $50 million in the first 12 months, rising to $100 million per year after that. The homes will include an upper living area and an underwater sleeping area where owners can view marine life, it added.
“The need for some privacy and the inner need of being connected to nature has always been with us,” NLW’s managing director and co-owner, Menno de Roos, said in the statement.
“Our newly-developed floating residences guarantee both the privacy and nature that people are looking for,” he added.
In 2015, Kleindienst, a Dubai-based developer involved with projects on The World, announced that it was launching the Floating Seahorse range, a floating home concept of its own.
Designed, engineered and built in the UAE, the Floating Seahorses are currently in production, priced at $3.2 million per unit. The first unit is expected to be complete in October 2016.
Dubai Properties Group, the government-backed developer, has also begun construction on a new waterfront project which will include a 12km promenade, floating restaurants, waterside homes and marinas.
Located near Dubai Canal, the Marasi Business Bay project will have residential units built on the water and accessible by yacht. That project is expected to be fully complete by 2023, Reuters said.
