Water City in Front of the Caribbean Sea, Sales Begin... "Possible to Relocate Due to Typhoon Damage"

Giant Cruise Ship Shape... Completion Targeted for 2025
Accommodates Over 15,000 Residents... International School to Be Established

View of Blue Estate. [Image source: The Blue Estate official website]

[Asia Economy Reporter Hyunwoo Lee] The world's first artificial floating city, 'Blue Estate,' currently under construction in the Caribbean near the Atlantic Ocean, has officially begun sales. This massive cruise ship-shaped artificial island can accommodate approximately 15,000 residents and is known for its ability to relocate the entire island to another area in case of typhoon damage or other risks, attracting global attention.

According to foreign media such as the UK's Daily Mail on the 19th (local time), Blue Estate, the world's first artificial floating city being built in the Atlantic Caribbean, started sales the day before. The construction company, The Blue Estate, plans to begin building this artificial floating city between the Bahamas and Miami, Florida, next year, aiming for completion by 2025. Some facilities on the island, which is assembled from concrete modules, will be available for use starting in 2023. Blue Estate covers an area approximately 1.5 km wide and 1 km long, about half the size of Monaco.

Construction location on the map of Blue Estate. [Image source=The Blue Estate official website]

The sales price for Blue Estate starts at 14,600 pounds (about 22 million KRW) for the cheapest studio apartment, while the most luxurious mansion is priced at 1.1 billion pounds (about 1.6523 trillion KRW). The island can house at least 15,000 residents and plans to include resident companies, advanced medical clinics, and international schools. All power will be generated from renewable resources, and the city will operate as an eco-friendly urban area reducing carbon dioxide emissions.

Blue Estate can relocate the island to avoid typhoons and is equipped with an automatic hurricane blocking system. The construction company emphasizes that Blue Estate is much more stable than the world's largest cruise ships, so it will not detect even the slightest movement. Additionally, the island's outer wall height reaches 50 meters, allowing it to safely block the highest waves.