Dubai already have their eye on even more spectacular and affordable developments

As if the Palm and the World projects weren't inventive and ambitious enough, Dubai is set to create a new man made private waterfront development, Dream City. When finished, Dream City will form the shape of an eye, with the residential element on giant eyelashes extending out into the Persian Gulf. Villas at Dream City start at €425,000 for around 371 sq m (4,000 sq ft) of accommodation. Townhouses start at €200,000, while one and two-bedroom apartments start at €150,000.

Amenities will include five-star hotels, a sports park, race-track, equestrian centre, polo and flying clubs, a marine and yacht club. Shopping malls and facilities for children are also planned. A limousine service will ferry owners from the airport to the complex and plans are afoot to set up a ferry service to and from Dubai.

For more details visit the Capital Eyes website.