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The master bedroom and bathroom are located on the submerged level and are surrounded by floor-to-ceiling windows for panoramic views of the Persian Gulf waters and coral reef.

According to Quartz, the Seahorse homes are selling for 6.5 million AED ($1.8 million) and are, despite its monstrous price tag, selling quite well. Of the 42 units that are being constructed, at least 35 have already been sold. The floating villas will be moored offshore from Kleindienst Group’s Heart of Europe development, a cluster of six islands in Dubai’s The World project.

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Each 1,700-square-foot luxury retreat comprises three levels, two of which are above water and one located below. The middle floor includes a sun deck, indoor living space, kitchen, and dining room, while the topmost floor includes a second sun deck, glass-bottomed jacuzzi, and minibar. The master bedroom and bathroom are located on the submerged level and are surrounded by floor-to-ceiling windows for panoramic views of the Persian Gulf waters and coral reef.

Related: The World’s first floating private islands get the green light in Dubai

The villas are slated for completion in 2016 and the first tenants are expected to move in by 2017. In a press release, Kleindienst Group’s CEO Josef Kleindienst says: “We will create an artificial coral reef beneath the luxury retreats. [It] will be a protected area in which seahorses can safely live and breed.”

+ Floating Seahorse

Via Quartz

Images via Floating Seahorse