Preps for DIBS 2015 get underway

Overview of Dubai Marina
Overview of Dubai Marina

Recent statistics state that the Middle East and Africa region leads in superyacht demand, with more than half of the region’s ultra-high net worth individuals (UHNWI) likely to own or buy a superyacht.

These details were released by the Superyacht Builders Association (SYBAss).

Tapping on this growing trend, the 23rd edition of Dubai International Boat Show (DIBS) will take place from 3-7 March 2015.

“The propensity to buy a superyacht among UHNWIs in the Middle East and Africa has increased to 51%, from 48% last year. This means that more than half the UHNWIs in the region are likely to own or buy a superyacht – the highest proportion in the world,” said Robert van Tol, operational director, Superyacht Builders Association (SYBAss).

The market is continuing to see a growth in size of superyachts under construction. According to Showboats International’s 2015 Global Order Book, orders have increased by 25% over 2014 for yachts larger than 250 feet in length.

Delving further, Dubai’s importance to the superyacht industry has also been underlined with UAE’s Gulf Craft announcement to invest US$100 million in a new shipyard located in Dubai Maritime City. Al Shaali Marine will also unveil its new US$5.45 m AS100 superyacht model.

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