New classification as a Villa will lead to New Normal of Ocean Living
Dubai, UAE – 04 February, 2019: Kleindienst Group, the UAE’s largest European property developer and creator of The Heart of Europe, has revealed the next generation of ocean living with the Government’s recent approval of the world’s first floating structure now registered as a Villa. Buyers of The Floating Seahorse Villas will potentially be the first globally to own not only the structure but also the ocean plot beneath as a pioneers of ocean ownership, subject to authority approval. Kleindienst has now initiated the plot sub-division application process.
When pushing the boundaries of real estate development, new regulations and approvals are required to secure and increase the asset value. Therefore, this new registration and classification of The Floating Seahorse as a Villa by the Government earns another world-first for Dubai making ocean living a reality not just a dream. Inspired by Dubai Government’s visionary leadership to embrace new concepts in all industries, this new category of property will set an example globally for many more ocean developments to come.
In the Heart of Europe specifically, The Floating Seahorse Villas will be known only as Villas and by adding ocean ownership through the title deed, it will significantly increase the value of each Villa. Once completed, it will allow owners to treat their property in the same way as an on-shore one and the plot on which a property sits is usually valued between 20% and 50% of the total asset value.
Josef Kleindienst, Founder and Chairman of Kleindienst Group said: “The Heart of Europe is a pioneering resort development introducing the new concept of second homes to the region and now this world first. 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. It will make true ocean-living a reality for the first time in the world.”
The Floating Seahorse Villa as a Vessel. This classification will not apply to The Floating Seahorse Villas located at The Heart of Europe in The World. Kleindienst has the permission to apply this title to The Floating Seahorse Villas in other locations if it chooses in the future.
Kleindienst has initiated the sub-division application process of St Petersburg Island and the plots for The Floating Seahorses.
About Kleindienst Group
Kleindienst Group is committed to pushing the boundaries of achievement, pioneering new concepts in real estate and hospitality to deliver excellence. Established over 30 years ago in Austria and Hungary and present in Dubai since 2003, Kleindienst Group is the largest European real estate company in Dubai with more than 1,500 employees over its diverse portfolio of businesses which include property development, construction, hospitality, property brokerage, and corporate business centres. Kleindienst pushes the boundaries of innovation, creating new concepts such as Dubai’s second-home real estate market in a touristic destination, as well as exceptional hospitality attractions and world firsts. Kleindienst Group offers unique investment opportunities, attracting local and global wealth to support the UAE National Agenda 2021 and bolster the country’s economic, commercial and touristic aims. Kleindienst Group is committed to supporting Dubai’s inspirational goals and assisting in helping the DTCM meet its target of adding 40,000 new hotel rooms by 2020. Kleindienst Group is also in line with The World’s vision to bring the best of European experiences to Dubai.
About The Heart of Europe
The Heart of Europe, part of the Kleindienst Group, is a celebration of the best European experiences in an unrivalled holiday home destination comprising six islands – Germany, Sweden, St Petersburg, Switzerland and Main Europe – with 13 hotels and resorts including Portofino Hotel, Ikaria Hotel, Ibiza Hotel, St Petersburg Resort, Côte d’Azur, London Hotel, Scandinavian Hotel, Amsterdam Hotel, Munich Hotel, Empress Elizabeth Hotel, Marbella Hotel and Tsar Hotel. The Heart of Europe is committed to delivering the best of European culture, heritage and lifestyle through traditional architecture, authentic experiences and innovative technology. The development is located in a cluster of six islands nestled in The World archipelago, 4km from the Dubai coastline. The Heart of Europe brings never-seen-before experiences, including the world’s first floating and underwater living experience, the first dedicated wedding hotel, and the world’s first artificially engineered, climate controlled raining streets.
About The Floating Seahorse Villa
The Floating Seahorse Villa is one of The Heart of Europe’s iconic developments and the world’s first luxury underwater living experience. Truly unique, each Floating Seahorse Villa spans over 4,000 square feet across three levels and is home to state-of-the-art techniques and the very latest in home automation and outdoor climate control. Over 200 specialists and professionals from 25 different countries have been involved in the project, to ensure that The Floating Seahorse Villa is not just a thing of beauty, but also the ultimate space. Distinct features of the iconic Floating Seahorse Villa include an underwater experience like no other – get a first class seat to the magnificent underwater view of sea and coral where a preferred type of fish can be selected, sunbathe on a private deck with a built-in over water hammock, and kick-back in a glass-bottom private Jacuzzi on the top deck.