- Event Dates28 Feb - 4 Mar 2017
- State/CountryUnited Arab Emirates
- Event WebsiteOfficial Website
Now in its 25th year, Dubai International Boat Show (DIBS) is the region’s premier sales platform for the world’s finest boat builders, super yachts, marine equipment suppliers and luxury lifestyle brands.
There are many reasons why the Dubai International Boat Show is the highlight of the worldwide marine calendar; here is a selection:
US $68mn sales at Dubai International Boat Show 2016
With more than 30,000 visitors from across 120 countries coming down to Dubai International Boat Show 2016, the event saw a crowd of passionate ocean adventurers spend a total of AED 250mn ($68mn) on an array of elite superyachts, leisure crafts and the latest watersports equipment. In 2017, with more than 840 leading international, regional and local exhibitors from 55 countries at the event, 2017 is looking to be an even more impressive demonstration of the market’s love for all aspects of the worldwide maritime industry.
Small is beautiful when it comes to Superyachts
Internationally the maritime industry is looking strong, with the latest stats from Boat International listing that 206 superyachts have been sold worldwide so far in 2016. Out of these figures the most expensive yacht cost an incredible AED 242mn ($66mn), but in terms of sheer numbers it was the superyachts on the smaller side of the scale which have been by far the most popular, with 80 yachts measuring 24-30m sold compared with the 13 measuring more than 60m.
UAE’s maritime industry investments to reach $61bn
While a number of worldwide markets seem to have valid concerns around on-going fluctuations in oil prices and international currencies, in the UAE at least recent reports have stated that investments in the maritime industry are expected to reach AED 224bn ($61bn) in 2016.This means there are still a number of convincing reasons to get excited about the level of maritime investment, with Dubai International Boat Show firmly at the centre of this regional investment market In 2017.
Personal spending power is stronger than ever
When it comes to the personal buying power of visitors to Dubai International Boat Show things are also on the up, with a recent report from the Boston Consultant Group (BCG) predicting that personal wealth in the UAE is set to grow by a compound annual growth rate (CAGR) of 14.1 per cent to US$1 trillion by 2020. Beyond the UAE the report also details that Saudi Arabia will see its private wealth rise to $2 trillion by 2020, meaning the buying power for luxury items across the GCC is matched only by the growing interest in the yacht, sailboat, watersport and wider maritime industries.
Click here for 2017 sales brochure.