See inside Dubai's ultra-luxurious floating homes that are on sale for $12 million

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 saw its very first $2.8 million floating home, the aptly named "Floating Seahorse," touch down earlier this year. Now they intend to build even larger homes that will cost a whopping $12 million.

The giant fleet of Floating Seahorses are slated for completion later this fall. Keep scrolling to see the gorgeous renderings.

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 last year, before any Seahorses were even completed. Kleindienst says it sold approximately 60 Seahorses in 2015. More are still for sale.

The underwater portion, composed of a master bedroom and bathroom, will make up approximately 270 square feet on the interior. Just outside the walls is a 500-square-foot coral garden.

From the home, residents will be able to see actual seahorses dance through the Arabian Gulf — the animal's natural habitat.

The floating homes will have a massive floating bed as well as an observation deck above water.

If you want to take a swim, a convenient step-ladder offers a safe entry and exit. Or you could just dive right in.

Since the structures are located about two and a half miles from Dubai's shores, inhabitants can reach their Seahorse via boat or seaplane — not exactly the most accessible way to get to and from home. Once they're out there, they can cross between the islands via floating jetties.

The company says it hopes the structure can set a new standard for what it means to live lavishly.

Kleindienst also hopes it can make some headway in restoring the endangered seahorse population in the area.

"We will create an artificial coral reef beneath the luxury retreats which will be a protected area in which seahorses can safely live and breed," Kleindienst said at an unveiling even in May 2015.