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The Floating Seahorse
Off-Plan

The Floating Seahorse

From AED 21.08M·Handover Dec 2026·40% down payment Payment
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AED 21.08M
Starting Price
Dec 2026
Handover
40% down payment
Payment Plan
2 BR · Villa
Type

Project Overview

The Floating Seahorse is a community of ultra-luxury floating villas on The World Islands archipelago by The Heart of Europe. The villas are located on St. Petersburg Island. They are the epitome of timeless design and craftsmanship. Each villa in the community is a tiny island surrounded by water and connected to neighboring private islands. This residence maintains a balance between secluded island living and a sense of community. The villas consist of three levels, including a spectacular underwater floor. Also equipped with unique special features, state-of-the-art technology and open climate zones, including a smart home system. The modern interiors are designed using gentle hues to create a cozy atmosphere. Each villa has a large glass wall that offers breathtaking views of the underwater world. World-class amenities are provided for the residents. Each villa at The Floating Seahorse has a Jacuzzi with lounge chairs. Hotels, cafes and restaurants are open on neighboring islands near The Floating Seahorse. A whole program of exciting European festivals, celebrations and events can be enjoyed there. The city's significant attractions are easily accessible by boat. A boat from Dubai arrives at the island every 15 minutes. The city center is a 10-minute drive from Dubai Marina.

Project Specifications
DeveloperThe Heart of Europe
LocationThe World Islands
Unit Types2 BR, Villa
AreaThe World Islands
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 909,518 / year
Cash-on-Cash
2.2%
Levered cashflow AED 213,942
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 1.37M / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
The Floating Seahorse launch basis23,420AED 21.08MCurrent launch / asking basis
The World Islands ready-stock comps1,500AED 1.35MIndicative resale benchmark
The World Islands premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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The Floating Seahorse official render 1

The Floating Seahorse official render 1

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The Floating Seahorse official render 10

Astraterra Properties

Official Documents

Download official marketing materials from The Heart of Europe.

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Payment Structure

40% down payment

Flexible Payment

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Amenities & Lifestyle

Leisure areas
Private Jacuzzi
Private beach access
Private pool

Location

The World Islands

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
The World IslandsThe World IslandsDubai, UAE

Developer Track Record

01

The Floating Seahorse by The Heart of Europe

02

Located in The World Islands

03

Starting from AED 21,078,060

04

Unit mix includes 2 BR, Villa

05

Expected handover: Dec 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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