Maldives to unveil floating city with 5,000 water homes

In the Maldives, construction is underway for a floating city where approximately 5,000 water homes will be developed and soon available on the market. The project's visualizations are strikingly impressive, and surprisingly, the prices are pretty reasonable.

This floating city, the first of its kind, will feature 5,000 residences, each priced at around $250,000. The development is aimed at both locals and international tourists. Should the project proceed as scheduled, occupants could move in by 2027.

The floating city will include residential units, restaurants, hotels, office spaces, and educational facilities. It promises numerous sandy beaches, providing a paradisiacal living experience.

Access to the floating city is exclusively by boat, and the trip from Male, the Maldivian capital, takes roughly 15 minutes. In the town, moving around is permitted only by water or bicycle, as cars are prohibited.

For protection, an encircling ring of artificial islands will be constructed around the city. Moreover, all buildings and pathways will be securely anchored to the lagoon's floor.

While the Maldives' floating city is set to be the world's pioneer, other locations are considering similar initiatives. Plans for Oceanic Busan, near Busan, South Korea, include restaurants, a winter garden, and housing for 12,000 people.

Source: The Sun