The giant fleet of so-called 'Floating Seahorses' have been rolling out in phases over the last year.

In the clear-blue waters off the coast of Dubai lies a chain of islands known as The Heart of Europe. They're manmade reconstructions of actual European nations, just on a smaller scale — part of an even larger chain of islands known as “The World.”

Richard Branson, fittingly, owns the island representing Great Britain.

The Heart of Europe rolled out its first $2.8 million floating home, the aptly named “Floating Seahorse,” in early 2016. Since then, development firm Kleindienst has been rolling out even larger homes that will cost roughly $3.3 million.

The $2.8 million Floating Seahorse is the product of more than 5,000 hours of research and 13,000 hours of design and engineering, according to design firm Kleindienst Group.

The first models went on sale in 2015, before any Seahorses were even completed. Kleindienst told Business Insider it sold approximately 60 Seahorses in 2015.

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