Inside a royal super yacht

Arabian Business takes a peek inside a multi-million-dollar yacht owned by a high profile Abu Dhabi family

Berthed at the beautiful Emirates Palace Marina, this 100ft-long super yacht has an extremely refined design with uniquely dynamic lines. 

The vessel can travel at speeds of up to 32 knots and features spacious sun decks and space solutions that make it a great ambassador for style, luxury and creativity.

Described by the manager of the Marina as ‘the Ferrari’ of the boats, her four spacious cabins can  sleep 8 guests and while going for a day cruise the yacht can comfortably host a group of twenty to thirty guests.

Click here for a virtual tour through the Azimut 100

This super-luxurious yacht is available for charter and is scheduled to be at the Abu Dhabi Grand Prix for corporate use. “During a static charter (not moving and in the marina) this super yacht can comfortably host corporate groups of up to 40 guests.  It is the best experience you can have, the best track is already reserved and ear-plugs will be available to all guests as they are only meters away from the action” said the CEO and founder of Belevari Marine, Capt. Berend Lens van Rijn.

Belevari Marine is a leading yacht charter and management company and has four years of experience with hotels and VIPs. “We’ve had celebrities like Beyonce and numerous high profile clients from the UAE, Qatar and Kuwait. We’re now growing out with high profile owned yachts,” Lens van Rijn added.

But why would a yacht owner opt to charter this prized possession? It seems that there are a lot of advantages to hiring a charter agent when it comes to maintaining a superyacht and closing the money pit that is associated with owning one. 

“A yacht like this will set you back $12 million so chartering it will give you back and save some money instead of letting it sit idle,” Lens van Rijn said.  In additional to investment, a yacht owner has to take into account the running costs: berthing fees, crew salaries, insurance, fuel and maintenance.  Running costs usually are 8-10% of the yacht’s value. We at Belevari are currently efficiently managing multiple yachts and are able to bring these figures down to 6%.

Yacht Management & Charter agents like Belevari Marine have a simple formula that they use to absorb all the running costs and leave the owner of the boat with little to no bills to pay.

“The only thing owners have to do is sign up a yacht charter & management agreement with Belevari and we take over all the hassle and leave you with the pleasure of yachting. A published hourly charter fee is agreed with the owner, leaving margin for commissions, discounts, marketing and referral fees.  A yacht like the Azimut 100’ would have a market rate of AED 10,000 [$2,750] per hour. In general we have 30/70 split, with 70 percent going to owner.”

In the case of the featured superyacht, berthing in the Emirates Palace Marina would cost $68,000 per year. In order to cover this, the yacht would need to be chartered for a total of 35 hours per year.

 “Our goal is to charter the yacht to one client every two weeks,” added Lens van Rijn. “70 percent goes to the owner’s accountant and if we are the assigned yacht management company, we manage running costs required from that account. That way you close the money pit associated with owning a boat. If you charter the boat once a week, now you start making extra money.”

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