The Emirate is planning to build a floating replica of the watery Italian city, complete with gondolas and canals — and an underwater twist. The resort will be split over four decks, one of which will be submerged under the sea.
Developers hope The Floating Venice will be a reality by 2020.
The Floating Venice, complete with a replica of St. Mark’s Square, will be a slice of Italy in the Middle East.
The Floating Venice resort, which is scheduled for completion in 2020 if plans are approved and building gets under way in 2018, has an estimated price tag of AED 2.5 billion ($680 million).
To further evoke the flavor of Venice, it’s hoped it will host Dubai editions of the city’s Carnivale di Venezia, Binnale di Venezia and Festa del Rendentore.
Dubai’s The World archipelago has yet to become the hot ticket prospectors hoped for when work began in 2003. Most of the 300 islands were sold off to contractors to build private residences, but the majority remain unoccupied.
Developers hope the proposed Venice replica can help improve its fortunes.
“Our aim is to enhance the landscape of real estate and hospitality and deliver a new iconic experience.”