• QE2 reopened in 2018 as a floating hotel at Port Rashid. All photos: Antonie Robertson / The National
    QE2 reopened in 2018 as a floating hotel at Port Rashid. All photos: Antonie Robertson / The National
  • A theatre where live entertainment is held on Dubai’s only floating hotel, the Queen Elizabeth 2, which is being taken over by French hospitality group Accor.
    A theatre where live entertainment is held on Dubai’s only floating hotel, the Queen Elizabeth 2, which is being taken over by French hospitality group Accor.
  • The interior of the ship, which is permanently docked at Dubai's Mina Rashid port, has been completely preserved.
    The interior of the ship, which is permanently docked at Dubai's Mina Rashid port, has been completely preserved.
  • The midships lobby area in the restored QE2.
    The midships lobby area in the restored QE2.
  • The old Golden Lion pub.
    The old Golden Lion pub.
  • The casino is filled with slot machines - now purely decorative.
    The casino is filled with slot machines - now purely decorative.
  • A games arcade cluttered with old machines remains.
    A games arcade cluttered with old machines remains.
  • The QE2's stairs have been restored.
    The QE2's stairs have been restored.
  • The hotel has 447 hotel rooms and nine food and beverage outlets.
    The hotel has 447 hotel rooms and nine food and beverage outlets.
  • Inside a deluxe room on the QE2 hotel.
    Inside a deluxe room on the QE2 hotel.
  • Inside the renovated Yacht Club restaurant on the QE2.
    Inside the renovated Yacht Club restaurant on the QE2.
  • The corridors are all soft carpet and 1970s kitsch.
    The corridors are all soft carpet and 1970s kitsch.
  • The ocean liner is named after the late Queen Elizabeth II.
    The ocean liner is named after the late Queen Elizabeth II.
  • The midships lobby area in the restored QE2.
    The midships lobby area in the restored QE2.

Timeframe: How the QE2 got a new lease of life as a floating hotel in Dubai


Sophie Prideaux
  • English
  • Arabic

On April 18, 2018, a new chapter began for the world-famous QE2. After more than 1,400 voyages and years of rumours about her fate, she opened her doors to a new generation of guests as a floating hotel at Dubai’s Port Rashid.

At the time, Hamza Mustafa, chief executive of PCFC Hotels, which owns and developed the vessel, said: “It is one of Dubai’s most highly anticipated projects and we know that a lot of people are going to be very excited to see her for the first time, or to step back on board the vessel that created so many wonderful memories during her 40 years at sea.”

When PCFC Hotels brought the QE2 to Dubai in 2008, the initial plan for the 70,000-tonne vessel, which saved it from the scrapyard, was to restore her as a 500-room floating hotel on Palm Jumeirah. It was expected that the ship would undergo a significant refit, restoring the QE2’s original interior decor and fittings. And once complete, it would feature shops, restaurants, cafes and a museum showing the history of the ship.

The QE2 sets out on her maiden voyage from Southampton to New York in 1969. Getty Images
The QE2 sets out on her maiden voyage from Southampton to New York in 1969. Getty Images

When the 2008 financial crisis scuppered these plans, what followed was years of rumour, conjecture and indecision.

In 2009, the QE2 was supposed to have travelled to South Africa in time for the World Cup the following year. It never happened. Another plan reported in 2013 was for the QE2 to become a hotel in either Hong Kong or Singapore. However, this also turned out to be an empty announcement. Other plans to take the ship back to Scotland never came to fruition and reports she was to be scrapped refused to go away.

However, plans to transform her into a hotel finally came to fruition six years ago. The ship now features a gym and indoor pool, and a theatre that regularly attracts international names.

In 2022 it was announced that Accor Hotels had taken over the management of QE2 Hotel with plans to further refurbish and enhance the ship.

The QE2 was built in the famed shipyards of John Brown in Clydebank, Scotland. The liner was launched on September 20, 1967 by Queen Elizabeth II and took her maiden voyage in 1969.

Queen Elizabeth II and Dr John Rannie attend the launch of the QE2. Getty Images
Queen Elizabeth II and Dr John Rannie attend the launch of the QE2. Getty Images

It would go on to become the Cunard Line’s flagship for more than 30 years, succeeded by the Queen Mary 2 in 2004.

When the QE2 was bought by Dubai World in 1997, it had completed more than 800 Atlantic crossings and had carried 2.5 million passengers.

The 293.5m vessel had also been used as a troop carrier by the UK during the Falklands War.

The ship could accommodate 1,892 passengers and 1,040 crew and could reach a top speed of 34 knots after being converted from steam to diesel in the 1980s — faster than many modern ships.

During its long career, it also attracted celebrities such as Nelson Mandela, Elizabeth Taylor and Richard Burton, and Buzz Aldrin.

The biog

Simon Nadim has completed 7,000 dives. 

The hardest dive in the UAE is the German U-boat 110m down off the Fujairah coast. 

As a child, he loved the documentaries of Jacques Cousteau

He also led a team that discovered the long-lost portion of the Ines oil tanker. 

If you are interested in diving, he runs the XR Hub Dive Centre in Fujairah

 

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

Tonight's Chat on The National

Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.

Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.

Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.

Facebook | Our website | Instagram

Armies of Sand

By Kenneth Pollack (Oxford University Press)
 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

UAE currency: the story behind the money in your pockets
Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
SECRET%20INVASION
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Ali%20Selim%20%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Samuel%20L%20Jackson%2C%20Olivia%20Coleman%2C%20Kingsley%20Ben-Adir%2C%20Emilia%20Clarke%20%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%26nbsp%3B%3C%2Fp%3E%0A
The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Shubh Mangal Saavdhan
Directed by: RS Prasanna
Starring: Ayushmann Khurrana, Bhumi Pednekar

'Outclassed in Kuwait'
Taleb Alrefai, 
HBKU Press 

Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

Kanye%20West
%3Cp%3EYe%20%E2%80%94%20the%20rapper%20formerly%20known%20as%20Kanye%20West%20%E2%80%94%20has%20seen%20his%20net%20worth%20fall%20to%20%24400%20million%20in%20recent%20weeks.%20That%E2%80%99s%20a%20precipitous%20drop%20from%20Bloomberg%E2%80%99s%20estimates%20of%20%246.8%20billion%20at%20the%20end%20of%202021.%3Cbr%3EYe%E2%80%99s%20wealth%20plunged%20after%20business%20partners%2C%20including%20Adidas%2C%20severed%20ties%20with%20him%20on%20the%20back%20of%20anti-Semitic%20remarks%20earlier%20this%20year.%3Cbr%3EWest%E2%80%99s%20present%20net%20worth%20derives%20from%20cash%2C%20his%20music%2C%20real%20estate%20and%20a%20stake%20in%20former%20wife%20Kim%20Kardashian%E2%80%99s%20shapewear%20firm%2C%20Skims.%3C%2Fp%3E%0A
Updated: April 14, 2023, 6:01 PM