The Hydropolis is another fantastic building of Dubai. It´s the world's first underwater luxury resort and it´s going to have 220 guest suites. It has been designed by the German architect Joachim Hauser, inspired by the Jules Verne tale 20,000 Leagues Under the Sea. The land belongs to His Highness General Sheikh Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai.
This project is now under construction.
Photos and a short video of the construction.
From: www.dailymotion.com, official website