Unfortunately, it's not possible for several reasons. It's nothing but a gigantic magical glamour Emet laid over the ruins of the original, so it was never actually meant to be a real functioning city (it was to make a point to the WoL, and also allow Emet to surround himself in the memories of the world he lost). Most if not all the buildings and towers in it are simply solid blocks or empty shells made up to look like actual buildings.

And, as the ending to ShB stated, those incantations are not everlasting, they will eventually start to wind down and so the glamour will vanish (although gameplay wise this is guaranteed never to occur).

Not to mention as EW has showed, it wasn't an entirelly accurate rendition of what the real Amaurot was like 12000 years ago, but instead more an idealized 'theme park' version, most notably with how the Ancients themselves were depicted. So alas a housing area for it is not possible.

Hence instead I'm hoping we'll see more future content in the actual Unsundered World, which hopefully may even include a visit to the real Amaurot (and who knows, maybe housing may be possible there). But I'm just making a lot of wish assumptions so don't mind me.