Dubai-based developer Kleindienst Group announced on Monday that it plans to build ‘the world’s first underwater luxury vessel resort’. The 2.5 billion UAE dirham ($680 million) project, called ‘The Floating Venice’ will be located on The World, an archipelago of islands developed off the coast of Dubai by state-owned developer Nakheel.

Kleindienst said in a statement that the floating resort has a capacity to host more than 3,000 guests per day, with accommodation, restaurants and recreation facilities split over four decks, one of which will be underwater.

Visitors will be able to reach The Floating Venice by boat, seaplane or helicopter, and check-in at the underwater lobby.

The hotel will feature 414 bespoke cabins over four decks, with views of coral reefs and gondolas.

Guests will be able to go to their cabins on gondolas through winding canals or walkways along the edge of the canals.

Facilities will include 24 pools and 12 restaurants and bars, some of which some will be underwater, along with the world’s first floating underwater spa.

Underwater views will open to a landscape of 400,000 square feet of corals that will be planted around the vessel.

The Floating Venice will use the same technology developed when creating the developer’s Floating Seahorse project of villas.