A yacht sank off Dubai Marina Sunday after efforts to salvage the vessel failed.
The boat sank off Jumeirah Beach Residence, but was prevented from becoming completely submerged by two inflatable booms.
Some 11 passengers and crew were rescued when the chartered yacht began taking on water at around 12.45pm on Thursday.
Three crew members and eight tourists — Russian, British and French nationals — were picked up by a police boat.
The owner of the yacht, which is just under 17m in length and worth US $1.5-million, was unavailable for comment when contacted by Logistics Middle East.
This is the latest accident involving a luxury yacht in Dubai. In August last year, a private vessel caught fire in Dubai Marina.
Dubai Civil Defence was able to stop the fire spreading to other vessels, but the yacht was completely gutted.