By David Robinson
At least four superyacht orders were signed or concluded at the Dubai International Boat Show 2014 which ended last Saturday. The four were for Bilgin, Sunseeker, President Yachts in Taiwan and AS Marine, the local UAE builder.
Of the four, the largest is a 50m (164ft) motoryacht ordered from Bilgin Yacht in Turkey by an Egyptian client. The valued of this order is reported at AED114m (€22.5m) according to Yildrim Bilgen, sales executive and Mustafa Aksu, sales manager for Bilgin Middle East. Aksu told SB that the order had been under negotiation for some months and that delivery is anticipated in late 2016 or early 2017. “This 50m will include a number of small modifications and some customisation which makes the delivery a little uncertain at this time.”
Sunseeker Middle East early on in the show signed the contract for their second 47.25m (155ft) Sunseeker 155 design, the first of which is due for completion this this year and is being purchased by Eddie Jordan. James Hall, Sunseeker International’s superyacht sales manager, told SB: “The order is confirmed for a Middle East client and delivery will be in 2016.” The order is said to be worth AED153m (£25.5m).
Taiwanese yacht builder, President Yachts has concluded an order for a 34.1m(112ft) Sterling design with delivery for 2015. The purchase is understood to be a European client.
The smallest of the four orders is for an AS 88 produced by local UAE builder AS Marine (Alshaali Marine). This vessel was globally launched at DIBS 2014. A spokesman told SB: The yacht has been sold to a local owner of a real estate company in Dubai. The vessel is worth more than AED9m (around €2m).
In a press statement Dr Sultan Al Shaali, CEO of AS Marine, comments: “We proudly unveiled the AS 88 for the first time here in Dubai, knowing that the Dubai International Boat Show draws serious buyers for our luxurious yachts and vessels, and were delighted to have been able to announce its sale on the first day it was debuted.”
Apart from these larger yacht sales, SB is aware of a number of other smaller craft sales which go to underpin a consenus expressed by a number of exhibitors that the Middle East market is improving.