Even though poor Dubai has been far from immune from Depression 2.0, someone who's still doing just fine is Mohammed bin Rashid Al Maktoum, the Emir of Dubai. This is his new $350 million yacht.

In a tragic turn of events, the superyacht (called, boringly, the Dubai) was originally commissioned by Prince Jefri of Brunei—oh how the wheel of conspicuous consumption is always turning!

It features eight decks spread across 551 feet of length, accommodations for 115 people, and all of the expected restaurants, bars, private whole-deck owners' suites, helipad, pool, Jacuzzi, woefully tacky interior...need I continue?

The folks at Luxist point out though that the Dubai's title as the world's largest is in danger—Russian billionaire Roman Abramovich, the owner of the Chelsea football club, is planning a 555-ft yacht. [Luxist, Superyacht Times]

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