September 16th, 2014 - 02:31 GMT How can a hotel possibly cost this much? UAE to direct sovereign wealth towards $1.5 billion hotel on Palm Jumeirah Investment Corp of Dubai (ICD), the UAE emirate's sovereign wealth fund, will be developing a 800-room luxury hotel on Palm Jumeirah at a cost of $1.5 billion in partnership with Kerzner International Holdings. Read more
