Dubai is quickly earning a reputation as the city of firsts as it is now set to become the home of the worldβs first Underwater Luxury Vessel Resort. Dubbed the Floating Venice, the project is the work of the Kleindienst Group and is valued at US$ 680 million. Located in The World islands and with a capacity for 3000 guests, this resort will include accommodation, restaurants and recreation spanning four decks- one of which will be underwater.