Market Insights

• The Middle East is the most important Superyacht (40 meters and above) market globally

• Approximately 410,000 HNWIs are living in the Middle East, with combined wealth of $2.1 trillion

• Lebanon’s indicator for luxury goods went up by 6.11% in 2016 compared to 2015

• In 2015, new licenses issued for various water crafts in the Middle East almost doubled

• The ultra-wealthy population is forecast to grow by 39% over the next decade

• In 2015 the Middle East yacht charter market crossed a market valuation of $10 million