Move over, Dubai. Qatar looks set to get its own underwater hotel resort in the near future.

An Italian architectural firm is designing what could be Qatar’s first “elaborate, semi-submerged luxury resort project in a protected marine area” on the coast, HauteLiving.com reports.

The project is projected to cost $500 million and will include land and sea areas with residential buildings, offices, floating walkways and underwater views of an artificial reef bed.

Check out the designs here and tell us what you think.