Dubai's $120M Underwater Hotel Dream

May 7 (Bloomberg) -- Dubai ship builder Dry Docks World and Swiss firm BIG InvestConsult unveiled plans to build a disc-shaped luxury hotel submerged under 10 meters of ocean off the coast of Dubai. Featuring 21 rooms, an underwater dive center and 'wet' bar, the Discus Hotel is Dubai's second attempt at a submerged hotel after plans for the first, the Hydropolis, never became reality. A construction date has not been announced. (Source: Bloomberg)