Dubai boat show to draw big spenders

Dubai, February 26, 2012

Dubai International Boat Show (DIBS) this year will see a surge in the number of high net worth individuals (HNWIs) from the Middle East region, according to the event organisers.

A total of 750 exhibitors from over 40 countries will showcase their latest high-end superyachts, watercrafts and equipment at the show which runs from March 13 to 17 in Dubai International Marine Club.

“Every year, the boat show attracts an audience of HNWIs and that is the foundation of the region’s luxury consumer market," remarked Trixee Loh, senior VP at Dubai World Trade Centre, the show organisers.

"They come to see our exhibiting companies’ new superyachts, watercrafts and related equipment, but they also like the social networking with other enthusiasts who are attracted to the show’s other luxury offerings, such as the Supercars,” Loh added.

With the number of HNWIs in the region surging ahead last year, Loh is confident of the interest in this year’s event with more than 25,000 visitors expected.

According to the latest World Wealth Report published by Merrill Lynch and Capgemini, the Middle East had one of the highest growth rates after Africa.

Those with more than $1 million in wealth rose by 10.4 per cent to 440,000 individuals, Loh said, citing the report.

Last year the Dubai International Boat Show recorded its biggest sale during the show, a 40-metre Sunseeker superyacht was sold for a staggering Dh100 million.

Additionally, exhibitors reported excellent sales with smaller boats, mid-range yachts and superyachts all selling well in the first three days of the event, he added.-TradeArabia News Service

Tags: luxury | Yacht | Dubai International Boat Show | HNWIs | spenders | Watercraft |