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Business Tim Hatherley-Greene Business Tim Hatherley-Greene

Floating Seahorse: Truth vs hype

Not just safety, much hyped project on The World Islands also lacks basic approvals. It’s neither registered with nor regulated by any local authority.

Villa, boat, vessel, hotel or holiday home? The Dh15 million Floating Seahorse, a model of which sank off Burj Al Arab Hotel on January 3, is none of these.

So just what is it? For now, developer Kleindienst that has sold over a hundred such units off-plan has no convincing answer.

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