Exploring the Finances of the $400 Million Yacht Named Dubai

Estimated read time 2 min read
Imre Solt, CC BY-SA 3.0 http://creativecommons.org/licenses/by-sa/3.0/, via Wikimedia Commons

Dubai is known for its lavish lifestyle, and one of the most prominent symbols of luxury in the city is the yacht named Dubai. With a length of 162 meters, it is one of the largest yachts in the world, and it is estimated to be worth over $400 million.

The yacht was built by a German shipyard called Blohm + Voss, and it was commissioned by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai. The construction of the yacht started in 2006, and it took nearly four years to complete. The interior of the yacht was designed by Andrew Winch, a prominent British designer who has worked on several high-end yachts.

The yacht has several notable features, including a helipad, a swimming pool, a cinema, and a gym. It can accommodate up to 115 people, and it has a crew of 88. The yacht is powered by two MTU diesel engines, which can propel it to a top speed of 26 knots.

Maintaining a yacht of this size and luxury is not cheap, and the annual running costs are estimated to be around $30 million. This includes expenses such as fuel, maintenance, crew salaries, insurance, and dockage fees. In addition to the running costs, there are also significant costs associated with the initial purchase and construction of the yacht.

Despite the high costs, owning a yacht such as Dubai can be a good investment for wealthy individuals. Yachts are often used for business and networking purposes, and they can also be rented out for events or charters. In fact, Dubai is available for charter, and it is one of the most sought-after yachts for luxury events and vacations.

In conclusion, the yacht named Dubai is a symbol of the opulence and extravagance that Dubai is known for. It is a testament to the wealth and power of its owner, Sheikh Mohammed bin Rashid Al Maktoum. Although the costs associated with owning and maintaining such a yacht are substantial, it can also be a profitable investment for those who can afford it.

click here, to see the full list of the most expensive yachts on earth

You May Also Like

More From Author