Fractional Yacht Ownership in Dubai
Those with sun-soaked yachting in mind can head to the Palm Islands, the three largest artificial landmasses of their kind.
The Palm Jumeirah is 5km square and will be able to accommodate 250,000 people and is composed of the three parts: The Trunk, which is for residences, shopping and tourism, The Fronds, which are for beachfront residences and The Crescent, which serves as a beautiful breakwater for the Trunk and the Fronds.
Alternately sail to downtown Dubai which is a great place to cruise through by yacht, heading through the famous creek to watch the water traffic of traditional wooden dhows, one has to slow to the pace of their sedate owners, famed for smoking flavoured tobacco known as sheesha.
$257,823 of extra options were specified on this Leopard 51
Deck & Hull
Hydraulic swim & dingy lifting platform Flybridge enclosures front & sides with sunshade aft Aft side and back cockpit curtains Coach roof side window removable shade covers Blue exterior pack to include upgraded aft and forward cockpit cushions S/S removable flagpole holder Upgraded 55lbs Delta anchor c/w 70m chain Anchor bridle, shackles and hook Additional 35lbs Britany anchor c/w 8m chain & 61m wrap
Navigation & Systems
Joystick Autopilot Control, second Yanmar VCS throttle Fusion 700i with docking station Bluetooth USB & AUX connectivity Fusion Marine speakers with subwoofers in saloon, aft cockpit, forward cockpit and flybridge with wired remote controls at each location. Raymarine Nav pack plus e125 Hybridtouch multifunction display with WiFi Raymarine Automatic Identification System with AIS 650 Transceiver Additional e125 Hybridtouch multifunction display with WiFi at navstaion in saloon with Seatalk crossover coupler. HD colour radar includes 4kW 18” 48nm Radome scanner Fishfinder DSM30 digital sounder module P319 (600w) depth transducer Rear view camera linked to Raymarine MDF at 2 helm stations Genset Northern Lights 9kw with fuel transfer port/starboard ability Cruisair 40,000 BTU air-conditioning system Solar Panels 70w fitted to hard top (8) Underwater Lights – Blue (4) Electric grill in flybridge wet-bar Refrigerator in flybridge wet-bar Icemaker in flybridge wet-bar 220v Shore Power Pack including 2 heavy duty 50ft 30amp shore power lines AC switch panel HWC Battery charger 60amp Shaver outlets in heads with combination 220v/120v transformer current protection (4) Inverter battery charger 12v – 220v 2.7kW inverter with 125A charge rate, including remote operation panel with battery monitor Upgraded house batteries to AGM batteries Additional back-up AGM house batteries (2) Upgraded engine batteries to AGM batteries Ventilation fans in saloon (2) Ventilation fans in cabins (4) Double USB sockets in cabins (4) Saloon TV Watermaker – Spectra Newport 400 63 USg per hour inc MPC 3000 controller system plus Z-Brane electronic water Treatment system Toilet upgrade to Jabsco quiet flush – electric flush (4) Stern hot & cold shower upgrade Dech wash fitting & pump – dual fresh/sea water system Combination mixer & shower faucet in galley Extra water tank 58 USg Upgrade to 11 USg water heaters (2)
Upholstery Pack Faux Leather Full length mirrors behind cabin doors (4) Forepeak berth & heads upgrade (4) Interior saloon blinds, front & sides Saloon table convertible to a coffee table with electric leg in addition to standard double bunk conversion Wine racks in saloon (2)
Leopard 51 Catamaran Syndicate Information
This syndicate is offering a 15% share of a late 2015 Leopard 51 Power Catamaran in Dubai for US$ 125k.
One of this syndicate’s owners initially bought this Catamaran for his personal use, but having found how well the fractional ownership of his Mediterranean based Princess worked, he invited his Mallorca syndicate shipmates and others to join him in part ownership of his Leopard 51. Owners have now gladly bought into this catamaran; it being operated on the same Fractional Association management basis, as their successful Mallorca syndicate is.
A few remaining shares are now open to new members. The current fair open market valuation value of the vessel proportionally equates to circa $125,000 per 15% of equity. The owners a looking for entrants to be committed & responsible members of the syndicate and are therefore looking for a minimum holding 15%, but are happy to offer a larger share if desired.
The annual maintenance contribution per share is circa US$ 10k p.a. for each 15% share of ownership, to cover the mooring fees, all crew, cleaning and laundry costs and other general maintenance. (Any further expenditure for infrequent exceptional items such as equipment upgrades will always require prior approval by a majority vote from the respective shareholders).
Over time and with much experience these syndicate owners have learned that this fast growing collaborative consumption concept, which was introduced many years ago for private jet syndicates, works equally as well for yachts. They find it to be a very cost effective way of enjoying their boating, without the heavy financial burden, or the time-consuming management issues normally associated with outright ownership.
They all communicate through the Fractional Association’s dedicated yacht management website, for which each owner has a unique log-in. It is used to exchange general experiences as well as thoughts and preferences on our owners’ forum and to advance order on board provisions or book any crew that may be required. A key function of the site is to also select each owner’s desired time on board. To make that selection process fair all round, the Fractional Association have built an algorithm into the calendar rota, which re-sets the order of selection, thus giving each owner a fair choice over time.
4o days per year