As sea-level rise becomes a reality, a project – joint venture between property developer Dutch Docklands and the Government of the Maldives is developing right now to build a floating city, in the waters of the Indian Ocean, big enough to house 20,000 people. It will consist of of 5,000 floating units including houses, restaurants, shops and schools, with canals running in between. It is designed by the architecture firm Waterstudio in a pattern similar to brain coral and the first units will be unveiled this month. However residents will start to move in early 2024 when the homes will be for sale. Foreign buyers of a house in Maldives Floating City can apply for a Residence Permit in Maldives. The whole city is due to be completed by 2027 but is the begining of a new era. The modular units are constructed in a local shipyard, then towed to the floating city. There will be electricity, powered predominantly by solar generated on site. As an alternative to air conditioning, the city will use deep water sea cooling, which involves pumping cold water from the deep sea. Artificial coral banks will be attached to the underside of the city.
An archipelago of 1,190 low-lying islands (eighty percent of its land area being less than one meter above sea level), almost the entire Maldives could be submerged. Waterstudio has designed more than 300 floating homes, offices, schools and health care centers around the world. Other plans for floating cities have been launched, such as Oceanix City in Busan, South Korea, and a series of floating islands on the Baltic Sea developed by Dutch company Blue21.