In May 2022, SuperYacht Times acquired the Dubai International Superyacht Summit and rebranded it the Gulf Superyacht Summit. It is a very important step for our company as it means we are officially entering the world of superyacht industry conferences, something we have been wanting to do for a long time. The industry’s response to our step has been very positive.
We were proud to welcome back the Summit’s existing backers as well as many new sponsors and visitors. As we have a large in-house market intelligence team, we immediately saw a perfect opportunity to let loose our team’s skills on superyacht movements in the Arabian Gulf area, to analyse: are the number of superyachts visiting the region really rising? Where are they coming from and, more importantly, where do their owners come from? And of course the crucial question: how many superyachts could potentially make their way into the Gulf in the future? You can now download this report for free.
- The number of superyachts visiting the Arabian Gulf is rising each year
- 2021 already saw 104 superyachts over 30 metres visiting the Arabian Gulf
- For 2022, we expect over 130 visits
- Over 80 percent of visiting yachts were owned in the Middle East or Eastern Europe
- We believe potentially up to 850 yachts over 40 metres could visit the Arabian Gulf in the future
- Around 260 superyachts over 30 metres are owned in the countries surrounding the Arabian Gulf
- This amounts to 5 percent of the world fleet over 30 metres
- Owners from the Middle East have on average the largest yachts in the world
- The superyacht refit industry in the Arabian Gulf is currently underserved and has an enormous potential for growth
- We quizzed several market experts about their views on the superyacht market in the Arabian Gulf. Read their feedback in the Gulf Superyacht Market Report 2022.
Want to know more?
Would you like to increase your footprint in the Arabian Gulf superyacht market but are lacking the right data? The Intelligence team of SuperYacht Times performed research specifically for the Gulf Superyacht Market Report 2022. We could do this for your company as well. Interested? Get in touch with our Sales team via [email protected]