Sultan Ahemd bin Sulayem, DP World’s group chairman and chief executive, is committed to making Dubai the homeport of choice for the region. Bin Sylayem said that some superyacht owners feel as though their yachts are homeless in the region, moving from marina to marina, continent to continent depending on weather conditions, facilities, etc.
The purpose of the new development is to create a world-class luxury marina in Dubai, centered on the destination itself, which caters to the needs of modern superyacht owners. Interest in Dubai as a destination has grown but has been hindered due to the lack of quality waterfront facilities such as those found in Italy or Monaco.
DP believes that Dubai has what it takes to make the project successful, including governmental support, the lifestyle and all support services. All that remains is to design and build a facility that caters to bespoke megayachting.
Mina Rashid is already a luxury cruise destination and homeport for top cruise operators. The company’s plan includes leisure facilities, cultural entertainment, hotels, villas, brokerage homes, chandlery services, maintenance facilities and crew training. The first phase, now under development, includes a 400-berth facility for 15-35m yachts and exclusive berths reserved for superyacht over 100 meters. It is expected to open during the first quarter of 2017.
Phase Two is aimed squarely at the superyacht market, with a second, 70-berth marina dedicated to yachts 40m and up, including the largest luxury vessels afloat. This marina will have its own exclusive amenities. Bin Sulayem indicated that building will begin on the second marina once the company is fully satisfied with feedback from superyacht owners.
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