The online marketplace currently has 100 vessels with a total value of Dh200 million
Now, prospective superyacht and boat buyers can skip the hassle of searching for a broker finding the perfect vessel is just a click away. YachtFinds.com has launched the Middle East’s first dedicated online marketplace for buying, selling, and renting new and pre-owned luxury yachts and boats.
Announced on the sidelines of the Dubai International Boat Show, the platform boasts around 100 registered maritime vessels from top global manufacturers, with a combined value of Dh200 million. YachtFinds.com said it aims to expand its listings as demand grows, catering to sea lovers and maritime adventure seekers across the region.
The platform was built by yacht owners, professionals, and digital marketing gurus to cater to the yachting community in the Middle East. Developed in collaboration with IR Yachts Consultancy and Innovation Box, the platform has been designed to simplify maritime transactions through digital solutions, explained a statement from YachtFinds.com
The launch event was attended by Saeed Ghanem Al Suwaidi, CEO of YachtFinds.com, and Mahmoud Itani, partner and CEO of the company, alongside senior investors, maritime industry leaders, marine sports enthusiasts, and media figures.
Favoured destination
According to its owners, the platform has been designed to serve individuals, brokers, boat dealers, maritime teams, and event organisers. It is also tailored to meet the needs of the GCC’s rapidly expanding maritime market.
The UAE accounts for 50 per cent of the yacht and marina market in the Arabian Gulf and the wider Middle East, positioning itself as a key destination for yacht owners worldwide.
The digital platform is powered by artificial intelligence technologies to streamline the listing, buying, selling, and renting of boats and yachts.
Users can access search tools tailored to their preferences to find the ideal vessel. The platform provides comprehensive information on luxury boats and yachts, covering everything from the manufacturer and technical specifications to advanced electronic systems, navigation devices, and the latest maritime design and construction innovations, it explained.
Qualitative leap
Al Suwaidi said that the launch of the digital platform represents a significant leap forward in the Middle East’s yacht and boat industry, unlocking new investment potential for yacht owners. He emphasised that, beyond luxury and leisure, yacht ownership is now a lucrative asset, with rental opportunities offering sustained financial returns.
Al Suwaidi also said the platform provides global buyers access to an extensive selection of yachts from the world’s top manufacturers. “From compact models designed for fishing and family excursions to ultra-luxurious yachts tailored for high-end adventures, cruises, and exclusive marine events, the platform is set to redefine the maritime experience for enthusiasts and industry professionals,” he explained.
The platform aims to attract boat and yacht owners looking to sell or rent their vessels, further strengthening its footprint in both regional and global markets.
The yacht and boat manufacturing and trading sector is experiencing rapid global growth. According to the Yacht Rental Market Analysis 2020-2027 report by Allied Market Research, the international yacht rental market is projected to grow at a compound annual rate of 15 per cent, reaching an estimated $28 billion nearly doubling from its 2015 valuation of $15 billion.
Source: gulfnews