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Dubai has agreed to buy the Queen Elizabeth 2 for US$100 million ($134 million) and turn the famous cruise ship into a floating hotel off the Gulf emirates' man-made islands, state-owned private equity firm Istithmar said.
The QE2 is the longest-serving ship in the 168-year history of the Cunard line. Istithmar is building three palm-frond shaped islands off Dubai's coast.
