Opening its doors today for five days of showcasing the best in yachting and watersports lifestyle that the Gulf region has to offer is the Dubai International Boat Show (DIBS). The event is celebrating its 25th edition this year and has once again attracted some of the largest yachts cruising in the region along with over 26,000 visitors from all over the world.
The success of the event comes as no surprise when considering that 3% of the superyacht order book for yachts larger than 30 metres in length is being built in the Middle East and 12.4% of yachts over 40 metres are owned by individuals hailing from this region.
What is interesting to note is that the average length of yachts owned by Middle Eastern clients comes in at 63 metres, while the global average length of the 1,650 yachts above 40 metres is 54 metres. Clients from the Middle East own 21.2% of the yachts over 60 metres, and in the size range above 80 metres this number is as high as 30.6%.