Dubai International Boat Show 2017 and the MENA region superyacht market

The Superyacht Builders Association, the Monaco-based organisation for international superyacht builders, together with Dubai World Trade Centre, shared its latest statistics right ahead of the 25^th edition of the Dubai International Boat Show, which is to take place at Dubai International Marine Club from February 28 to March 4.
The latest report shows that the propensity of ultra-high net worth individuals (UHNWIs) in the MENA region to buy superyachts built within the last 15 years is 20 %, the second in the world after Eastern Europe (46 %), with propensity to buy based on historic data of wealth increase versus superyacht ownership. The report also says that a single new addition to the UHNWIs in the MENA region has a 20 per cent chance of commissioning a new superyacht or buying a pre-owned superyacht built within the last 15 years: in Western Europe this is 13 per cent and in North America 6 per cent.
“The SYBAss report underlines the importance of the MENA region to the superyacht industry, and at the same time highlights why the Dubai International Boat Show is among the world’s most significant boating events,” said Trixie LohMirmand, senior Vice President, Events Management, Dubai World Trade Centre.
The Dubai International Boat Show is one of the only three boat shows endorsed by the Superyacht Builders Associations, with the Monaco Yacht Show and the Fort Lauderdale International Boat Show.
“The calibre of superyacht manufacturers that are represented at the show this year will undoubtedly pique interest and demand from the boat owners in the Middle East and the rest of the world, who eagerly anticipating the latest launches from the industry” LohMirmand continued.
Superyacht builders attending the event this year include Amels, Baglietto, Benetti, CRN, Feadship, Fincantieri, Heesen, Lürssen, Mondomarine and Oceanco.
Sharing the spotlight with the world’s luxury superyacht makers at the Dubai International Boat Show will be an international line-up of more affordable leisure and fishing boat manufacturers, as well as key suppliers to the Middle East’s growing collection of marinas.