Dubai International Boat Show – an indicator of global yacht interest?
Today marked the opening of the 17th Annual Dubai International Boat Show. This largest yacht event in the Middle East has been gaining popularity among the super yacht crowd as well as some international manufacturers who recognize the wealth available and natural market demand due to all of the marine amenities being developed in the region and the amount of waterfront property that has been built and snatched up by the worlds richest. There are major partnerships between the event organizers and the New Zealand marine trades exhibitors to help boost the island-nations critical and struggling export market. The DIBS website states that the show has grown in exhibitors again this year and that all of the marina dockspace has been filled with boats for sale and on exhibit – a statement organizers of every other boat show in the world have not been able to make in 2009.
Still, it seems some of the news coming from the region is that incentives are required – with Island Global Yachting Group offering an incentive for any yacht purchased at the show to be guaranteed one of their exclusive slips at the newly opening Anchor Marina, a pretigious high profile dockspace in Dubai. Furthermore, any visitor to their booth who fills out an enquiry card is given a free weeks dockage. We’ve seen some creative and aggressive incentive packages to help move inventory and keep the flow of sales moving with shows in the US this year. Is it accurate to say that even in one of the wealthiest luxury-goods buying regions of the world – the buyers are still needing incentive to pull out their checkbooks? We’ll see the reports on attendance and sales after the show closes next week and see how 2009 has stacked up for DIBS.

November 3rd, 2009 at 8:47 am
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