The event and its impressive response are reflective of the Gulf region’s growing importance in the superyacht industry, which is attracting a growing number of the global superyacht fleet. Dubai is currently seeing some of the world’s biggest marina developments and is emerging as a prime superyacht destination. Southwest of Dubai, Abu Dhabi has gained traction for hosting the annual Abu Dhabi Grand Prix.
Additionally, a growing number of yachts pass through the region en route to further-afield destinations in Asia, such as Seychelles, the Maldives and Indonesia.
The Gulf region is not only gaining a reputation as a superyacht hub, but in the wider sphere. For example, Dubai aspires to become the crypto capital of the world in the coming years. With wealth and interest rapidly growing in this sector of the market, the region is of increasing importance to yacht builders and brokers seeking engagement with new clients.
Attendees to the Gulf Superyacht Summit 2022 were presented with SuperYacht Times’ first Gulf Superyacht Market Report. For this report, our Intelligence team took a deep dive into the superyacht movements in the Arabian Gulf region, as well as the market dynamics in the region. The Gulf Superyacht Market Report is available as a free download.