These ultra-luxurious underwater homes are being built in Dubai

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.

Keep scrolling to see the gorgeous renderings.