The first floating town, called 'The World', arrives in Ireland offering a life at sea for those who can afford it.

The luxury liner is designed for people to live on board. The visit of 'The World' to Ireland is aimed at selling on board apartments at a cost of between $2.25 million and $5 million - and there are Irish buyers.

The first ship that's a residential community at sea, a town afloat.

Captain Ola Harsheim describes the setup on board with 280 crew members and 32 different nationalities. 

We're a floating United Nations.

According to Captain Harsheim, apartment owners on board the ship come from all over the world with around 40 per cent Americans, 40 per cent Europeans and the rest from around the world. 

'The World' is currently docked in Cork Harbour and will also visit Waterford, Dublin, and Belfast. 

Ronan O'Driscoll from Hamilton Osborne King says there has been significant interest from Irish people thinking of splashing the cash and a small number of apartments on the vessel have already been sold. 

For those who can't afford to buy, you can rent an apartment for a short cruise for $11,000 a week.  

An RTÉ News report broadcast on 10 August 2002. The reporter is Tom McSweeney.