2011 Dubai International Boat Show
With all the wealth in Dubia, it’s no surprise to see one of the world’s biggest boat shows being held there.
Well it’s time for 19th edition of the Dubai International Boat Show to open and many of the the world’s major yacht builders, such as Fincantieri of Italy and Luerssen of Germany will be there.
The 2011 Dubai International Boat Show draws hundreds of top, marine industry leaders in addition to thousands of boating enthusiasts.
This year’s even twill be held from March 1 to March 5, at the Dubai International Marine Club – Mina Seyahi.
Dubai is clearly a hub of luxury yachts, as almost one third of the world’s super-yachts reside in Dubai.
Given the global recession, Dubai’s economy was not immune. The luxury boat sector has experienced a drastic slow down that led to many luxury yacht owners trying to sell their boats to pay off other debt.
Hopefully with the worst behind us, the outlook for big-ticket luxury goods is improving and these luxury mega-yachts will return being in high demand by the world’s most wealthiest people.
The incredible Dubai boat show hosts the largest get-together of Superyacht Builders Association (SYBAss) members in the show’s long history. Some of the largest boat constructors planning to attend include: Amels, Benetti, Burger Boat, Heesen Yachts, Oceanco, Sanlorenzo and Trinity Yachts.
Grant Burgham, an exhibitions director at the Dubai World Trade Centre, which is the organiser of the event, said the Middle East was home to some of the world’s highest net-worth individuals, and the market was “perfect” for the high-end marine leisure industry for super-yachts, generally defined as boats longer than 23 metres, and “giga-yachts” – those more than 100 metres in length. “It is an excellent opportunity for the super-yacht buyers in this region to connect with the elite of the industry.”
The 2011 Dubai International Boat Show is expecting to have more than 25,000 visitors during its five-day run.
That’s great news for Middle east marinas. Many new ones are being built to accommodate a surge in luxury yachts.
Show organizers stated that more than US$35 billion (Dh128.54bn) worth of waterfront marina projects are either underway or planned across the entire region.