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'Underwater' villas on sale in Dubai today
 
The first 'underwater' villas on Dubai’s The World development is going on sale today (Saturday), with the pre-launch price set at Dh5 million.

The three-level villas - the lowest level being under water - are part of Kleindienst Group The Heart of Europe (THOE), which will have rain and snow-filled streets and floating bridges.

The villas are being sold by Privilege Dubai, a real estate consultancy, which has bought the underwater villas from the developer.

The consultancy has invited only investors and end-users to its pre-launch event and states in its invite that the 1,700 square foot villas are expected to be completed by 2017 with payment linked to construction timeframe.

The number of villas on sale have not been given.

Emirates 24|7 has learnt that the developer will be officially launch new batch of underwater villas by March.

The Heart of Europe comprises six islands: Germany, Austria, Switzerland, Netherlands, Sweden and St. Petersburg with six additional destinations being Sochi, Belgium, Luxembourg, Geneva, Monte Carlo and Poland.