The United Arab Emirates is witnessing a profound demographic shift in its luxury yacht market, with a new generation of affluent buyers driving unprecedented growth. According to Ferretti Group executives, entrepreneurs, athletes, and entertainers in their early 40s are increasingly choosing the UAE as their primary yachting destination rather than a seasonal stopover.
This transformation is fueled by several key factors: unparalleled connectivity demands where reliable Wi-Fi and Starlink have become as crucial as mechanical performance; exceptional security that allows owners freedom not always available in European destinations; and world-class infrastructure encompassing luxury hotels, restaurants, and logistics.
Alberto Ferretti, Founder and CEO of Ferretti Group, emphasized that modern yacht ownership represents more than maritime luxury—it signifies entry into an exclusive lifestyle club. ‘We sell privacy and freedom,’ Ferretti noted. ‘On a boat, you can be alone and private. That is increasingly important for this generation.’
The UAE’s extended cruising season—spanning eight months from October to May compared to Europe’s four-month Mediterranean season—provides a significant competitive advantage. Proximity to major global hubs also enables owners to reach their vessels within hours for extended weekends.
Market projections indicate explosive growth potential, with RIC Holding Group CEO Alaa Al Ali forecasting a 1,000% expansion in coming years. This growth encompasses not merely vessel sales but the development of a comprehensive marine ecosystem including maintenance centers, after-sales services, and innovative ownership models like lease-to-own arrangements previously unavailable in the region.
The partnership between Ferretti Group and exclusive UAE/Oman dealer AAA Marine aims to position the UAE as a permanent yachting destination rather than transient stopover. This vision includes creating a ‘UAE Riviera’ supported by expanding marina infrastructure, waterfront resorts, and residential developments across Abu Dhabi and beyond.
New models and technological innovations from Ferretti Group’s brands—including Ferretti Yachts, Pershing, Riva and Custom Line—will debut at the Dubai International Boat Show in April, featuring advances in stabilization and design that cater to this new generation of yacht owners.