Dubai set to become global capital for luxury marinas

Meraas and Dubai Holding partner with D-Marin to manage world-class marinas

Dubai is poised to become a global capital for luxury yacht marinas as it continues to attract international companies to invest in this sector and capitalise on its growth opportunities, locally and regionally.

In partnership with Dubai Holding, Meraas yesterday announced that it has signed an agreement with D-Marin, operator of the largest chain of marinas in the Eastern Mediterranean in six major international destinations, to attract international investments in the yacht sector and various supporting sectors and to promote Dubai as the preferred destination for luxury yachting and boating internationally.

The agreement was signed at MB92 premises in Barcelona by Abdulla Al Habbai, Group Chairman of Meraas and Chairman of Dubai Holding, and Ferit Sahenk, Chairman of the Dogus Group, the parent company of D-Marin.

The joint venture will manage and operate the existing and future marinas being developed by Meraas and Dubai Holding, including marinas in Port de la Mer, Dubai Harbour and Jumeirah Beach Hotel. The partnership seeks to also establish a regional centre with global standard for renovation, service and maintenance of luxury yachts and boats in Dubai.

With the completion of Dubai Harbour, Meraas will own and operate the largest marina in the Middle East and North Africa with 1,100 berths.