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Yahoo
04-07-2025
- Business
- Yahoo
Technological Advances Elevate Experiences With AR and Autonomous Navigation, Emerging Markets and Polar Expeditions Expand Demographics and Destinations
Luxury Yacht Market to Skyrocket: Expected Growth from USD 10.2 Billion in 2025 to USD 22.5 Billion by 2034 at 9.1% CAGR. Driven by demand for sustainable luxury, wellness-centric designs, and digital management, key regions include MEA, Europe, and Asia-Pacific. Discover emerging trends in eco-yachting. Luxury Yacht Market Dublin, July 04, 2025 (GLOBE NEWSWIRE) -- The "Luxury Yacht Market Outlook 2025-2034" report has been added to Yacht Market is valued at USD 10.2 billion in 2025. Further the market is expected to grow by a CAGR of 9.1% to reach global sales of USD 22.5 billion in 2034The luxury yacht market epitomizes wealth, exclusivity, and personalized leisure, offering high-net-worth individuals an ultra-premium maritime lifestyle experience. This market includes motor yachts, sailing yachts, superyachts (over 24 meters), and mega yachts, often custom-built or semi-customized to reflect the owner's preferences. These floating palaces combine advanced navigation technology, designer interiors, private spas, pools, helipads, and entertainment suites. Driven by growing global affluence, especially in the Middle East, Europe, and Asia-Pacific, the luxury yacht market has become synonymous with status, privacy, and bespoke travel experiences. Charter services and shared ownership models are also gaining traction among newer luxury buyers and travel-focused 2024, the market saw robust activity as yacht deliveries surged, order books extended into 2026, and demand for sustainable innovations accelerated. Builders incorporated hybrid propulsion, solar panels, and low-impact materials into new designs to address environmental concerns. High-net-worth individuals prioritized larger yachts with long-range capabilities to explore remote destinations in comfort and safety. Charter bookings soared, supported by concierge platforms and digital yacht management systems. Key markets like Monaco, the UAE, and Florida hosted record-setting yacht shows and private showcases, while Asian buyers entered the market through fractional ownership and boutique shipyards offering artisanal design into 2025 and beyond, the luxury yacht industry will prioritize eco-yachting, autonomous navigation, and hyper-customization. Builders are investing in hydrogen fuel cell propulsion and AI-based energy optimization systems to meet ESG benchmarks. Interiors will reflect wellness-centric design, with fitness studios, cryotherapy, and meditation rooms becoming tech will advance through AR dashboards and immersive guest entertainment, while shipyards will compete by offering immersive co-design experiences with owners. As polar and expedition cruising becomes more desirable, rugged luxury yachts with ice-class hulls and onboard research labs will open new dimensions in high-end exploration. Emerging demand from India, Vietnam, and Africa will diversify client demographics and aesthetic Insights Luxury Yacht Market Sustainability-led yacht designs using hybrid propulsion, green materials, and energy-efficient systems are becoming industry benchmarks. Growing interest in experiential charters and long-range voyages is driving demand for explorer yachts with global cruising capability. Digital platforms are transforming yacht booking, concierge services, and onboard management into seamless luxury experiences. Wellness features - such as spa decks, infrared saunas, and fitness studios - are being integrated into most new-build yachts. Artisanal craftsmanship and cultural personalization are emerging trends in custom interiors and themed decor for superyachts. Increasing ultra-high-net-worth individuals globally is expanding the buyer base for full ownership and high-end charters. Desire for privacy, autonomy, and safety is fueling interest in yachting as a post-pandemic lifestyle choice. Technological advancements in propulsion, materials, and navigation are enabling more efficient, sustainable luxury vessels. Expansion of marina infrastructure in emerging destinations is supporting luxury yacht operations and maintenance access worldwide. Environmental regulations and public scrutiny of emissions may pressure builders and owners to adopt costly green technologies faster. Shipbuilding bottlenecks, skilled labor shortages, and rising input costs can delay deliveries and increase customization expenses. Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $10.2 Billion Forecasted Market Value (USD) by 2034 $22.5 Billion Compound Annual Growth Rate 9.1% Regions Covered Global Companies Featured Ferretti S.p.A Azimut Benetti SpA Sanlorenzo S.p.a Feadship Princess Yachts Limited Fr. Lurssen Werft GmbH & Italian Sea Group Fincantieri S.p.A. Sunseeker International Brunswick Corporation Maritimo Factory A H Wadia Boat Builders XS Marines New Japan Yacht Co GHI Yachts Hyundai Yachts Co. Ltd Riviera Australia Pty. Ltd Australian Superyachts Pty Ltd HeySea Yachts Horizon Yacht Cheoy Lee Shipyards Ltd Changzhou Baote Yacht Co. Ltd Fujian Yihong Yacht Corp Hunan Blue Point Supply Chain Co. Ltd Burgess Yachts Damen Yachting Arksen U-Boat Worx AB Yachts Groupe Beneteau Alva Yachts Timeless Yachts Hatteras Yachts Westport Yachts YMCA Yachting Christensen Shipyards Ocean Alexander Alexander Marine USA Viking Yacht Company Quantum Sails Michael Rybovich & Sons Boatworks Burger Boat Company MCP Yachts Sterling Yachts Fibrafort Shipyard Delta Yachts Flexboat Construcoes Nauticas Ltda. Schaefer Yachts AS Marine Oryx Yachts Majesty Yachts Nomad Yachts Moonday Yachts Yerliyurt Marin Numarine Robertson & Caine Falcon Inflatables Dean Catamarans Almaroon De Birs Yachts Tiger Marine Luxury Yacht Market Segmentation By Type Sailing Yacht By Size 100-150 Meters Above 150 Meters By Hull Material Metals And Alloys Other Hull Materials By Application Private By Geography North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA) For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Luxury Yacht Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Zawya
18-06-2025
- Business
- Zawya
Dubai sees tenfold surge in AED 10mln+ home sales, reports Savills
Savills Middle East's first Dubai Prime Residential 2025 report reveals sustained growth across Dubai's luxury property market, marking a fourth year of rising transaction volumes and capital values. The upward momentum continues to be underpinned by strong investor appetite, favourable regulatory conditions, and increased demand for premium homes. The AED 10 million+ segment, a key benchmark of Dubai's prime residential landscape, saw a tenfold rise in transactions over the past four years, from 469 in 2020 to 4,670 in 2024. In Q1 2025 alone, over 1,300 homes changed hands at this level, representing a 31% increase year-on-year. 'Dubai's prime residential market continues to attract high-net-worth individuals seeking space, privacy and superior lifestyle quality. This is particularly evident in the consistent demand for luxury villas and branded residences,' said Andrew Cummings, Head of Residential Agency, Savills Middle East. Off-plan transactions now account for 69% of all AED 10M+ sales, up from just 14% in 2020, reflecting rising confidence in future stock and a shift in buyer preferences. Among villas, new developments such as Palm Jebel Ali, District One West, and The Acres recorded among the highest transaction volumes, while in the apartment segment, Dubai Harbour, Palm Jumeirah, and Downtown Dubai remain hotspots. Jumeirah Islands exemplifies the strength of the luxury villa segment, with 89 homes sold above AED 10 million in 2024, a dramatic shift from zero such transactions before 2021. The area has also seen an increase in properties selling for over AED 20 million, largely driven by high-quality renovations. Villas now dominate the AED 10M+ space, accounting for 70% of transactions in 2024. While waterfront apartments command higher prices per square foot, averaging AED 5,400, demand remains strong across both formats, especially in branded and lifestyle-driven projects. With Dubai ranking as the most active city globally for branded residences and expected to deliver 40% of all such developments in the Middle East and Africa by 2031, the outlook for the prime segment remains positive. Savills anticipates continued momentum through the year, with projected growth of 8–10% for the prime segment in 2025, as wealth migration, new masterplan communities, and lifestyle-led developments reshape Dubai's upper-tier housing market. 'Recent master plan announcements including the development of Jebel Ali Racecourse and the second phase of Jumeriah Golf Estates, alongside launches such as Emaar's Grand Polo Club and Resort look set to deliver further prime product to Dubai's residential market,' Cummings concluded. For further insights and detailed analysis, download the full Prime Residential 2025 report from here. About Savills Middle East: Savills plc is a global real estate services provider listed on the London Stock Exchange. With a presence in the Middle East for over 40 years, Savills offers an extensive range of specialist advisory, management and transactional services across the United Arab Emirates, Oman, Bahrain, Egypt, and Saudi Arabia. Expertise includes property management, residential and commercial agency services, property and business assets valuation, and investment and development advisory. Originally founded in the UK in 1855, Savills has an international network of over 700 offices and associates employing over 40,000 people across the Americas, UK, Europe, Asia Pacific, Africa, and the Middle East. For further information, please contact: Savills press office:
Khaleej Times
02-06-2025
- Business
- Khaleej Times
The global tax game: How UAE is winning while London forgets its own playbook
In any game, it's not just how you play — but how others play — that can work to your advantage. This perfectly captures the ongoing shift in global tax dynamics, particularly in the United Kingdom. According to the 2024 Global Migration Report, over 9,500 high-net-worth individuals (HNWIs) have exited the UK — a number that is only expected to grow. One of the most significant catalysts for this exodus is the upcoming overhaul of the UK's non-domiciled (non-dom) tax regime, effective 6 April 2025. Let's break down what's changing—and why the UAE stands to gain the most. What Was the Non-Dom Regime? Until 5 April 2025, UK residents who were classified as non-domiciled could benefit from the remittance basis of taxation. This meant: They were only taxed on foreign income and gains (FIG) if these were brought into (remitted to) the UK. This allowed wealthy individuals to accumulate global income offshore without facing UK tax obligations - so long as they kept the money abroad. This system made the UK attractive to wealthy foreigners. But the landscape is about to shift. What's Changing from 6 April 2025? The UK government is abolishing the concept of domicile as a key factor in taxation and replacing it with a residence-based system. The key changes include: End of the Remittance Basis: All UK tax residents will be taxed on their worldwide income and gains, regardless of domicile status, after a transitional period. Transitional Relief: o For 2025–2026, only 50% of foreign income will be taxed if switching from the old to the new system. o A special 12% tax rate applies to foreign income earned before 6 April 2025 if remitted in the 2025–26 or 2026–27 tax years. Ultimately, after four years of UK tax residence, individuals will be taxed like any other UK resident—with no FIG exemptions. Who will this impact the most? These changes primarily affect HNWIs and global families who historically relied on the non-dom regime to protect their offshore wealth from UK taxation. The shift not only undermines long-standing tax planning structures but also reduces the UK's appeal as a global hub for mobile capital and top-tier talent. How the UAE stands to gain As capital chases efficiency, tax policy plays a decisive role in location selection. The UAE, with its 0% personal income tax regime, robust financial infrastructure, and world-class quality of life, emerges as a natural haven. Here's why the UAE is poised to gain the most: Strategic location: Needless to mention not just close to Europe - but at the crossroads of East and West, connecting global markets with ease. Stability and predictability: In a rapidly changing tax world, the UAE offers clarity, consistency, and long-term visibility for individuals and families. With a bold vision and cautious implementation of compliances, it emerges as a strong contender. Transparent and rules-based Golden Visa regime: Unlike jurisdictions such as Singapore - where the PR process is often seen as opaque and discretionary- the UAE has published its Golden Visa rules in black and white, creating a rules-based and inclusive system that welcomes both wealth and talent. Limited competition: With Hong Kong effectively out of the race due to political and regulatory concerns, and while traditionally leading in the race, Singapore, it's PR regime becoming increasingly restrictive, the UAE is among the very few jurisdictions offering competitive, clear, and welcoming advantages. The bigger picture: The global tax game The UK's tax reform is part of a larger pattern: nations are rewriting tax codes to balance fairness, revenue, and global competitiveness. But when one jurisdiction tightens its rules, others gain ground. For the UAE, this is not just a short-term win - it's a long-term opportunity to attract global talent and wealth. Follow us for more insights in our series: The Global Tax Game —where we explore how countries are competing to attract capital through smarter tax policies.
