The Middle East and Africa region leads the world in superyacht demand

The Middle East and Africa region leads the world in superyacht demand, with more than half of the region’s ultra-high net worth individuals (UHNWI) likely to own or buy a superyacht, according to the Superyacht Builders Association (SYBAss), whose members are participating in the upcoming Dubai International Boat Show.

The 23rd edition of Dubai International Boat Show, organised by Dubai World Trade Centre (DWTC), will run from 3-7 March 2015, reinforcing Dubai’s status as one of the world’s leading luxury yacht destinations, with superyacht ownership continuing to rise.

Robert van Tol, operational director at Superyacht Builders Association said, “According to our latest SYBAss economic report, 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. Globally, demand for superyachts is increasing although not as much as wealth is: we are at an all-time high for wealth and we are also at an all-time high in terms of numbers of UHNWIs.”

To best promote the superyacht experience and lifestyle, SYBAss will again represent the world’s leading superyacht builders at the Dubai International Boat Show, bringing them together in one dedicated platform at the Superyacht Life Area of the show’s Marina Display.

Beyond the Superyacht Life Area, Dubai International Boat Show visitors can attend this year’s show sectors: Marina Display, Outdoor Display, Marine Luxury and Lifestyle, Equipment Supplies and Services, Dive Middle East Exhibition (DMEX), and the Supercar Promenade.

In addition to the programme, visitors will also be able to experience the show’s newest features: DIBS Sailing, DIBS Fishing and DIBS Watersports, industry areas supporting strong sales growth over the last several years.

Key returning partners include luxury Italian watch brand Officine Panerai, together with Bombardier, the world’s only manufacturer of both planes and trains, as a Supporting Partner.

Trixie LohMirmand, senior vice president of DWTC added, “We want to make the Dubai International Boat Show a better experience every year and we are always looking at innovative ways we can achieve this. With Dubai firmly established on the global marketplace for superyachts, the Dubai International Boat Show is an essential part of the industry calendar, attracting exhibitors and companies from around the world.”

For more information visit Superyacht Builders Association or Dubai International Boat Show.

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