People are still buying yachts, despite the global economic crisis, if the Dubai Boat Show is anything to go by…
The market for super-yachts remains buoyant in the face of economic storms, according to the sales forces at the Dubai International Boat Show yesterday.
“The guys who buy these yachts are ones who own their own companies, so they still have the money,” said Philip Purcell, vice president of sales for Westport Yachts. “Despite all the doom and gloom we’re doing OK.”
Mr Purcell offered a detailed tour of a 40-metre yacht that belongs to a Gulf client. It has five bedrooms, two living rooms/dining rooms, three decks, a hot tub and crew quarters below. And there was no shortage of boats in the same class at the show, which is in its 17th year.
This year’s edition for the first time has a “super-yacht pavilion”, housing the most exclusive firms and their designs.