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The Top 10 Most Expensive Marinas

January 11, 2017

Written by Rebecca Pascoe

Many billionaires choose to dock in some of the world’s most expensive marinas. If you’re thinking about taking a yacht holiday, where is the place for you and yours to be seen? There’s nothing quite like mooring in expensive marinas especially if it’s a place where many famous celebrities hang out. Most marinas offer world class facilities which can be part of the fun during any type of vacation. Take the opportunity to see fantastic superyachts moored in and around popular marinas, experience fine dining, boutique shopping and breathtaking views close to the marina itself. Check out the world’s most expensive marinas:

1. S. Capri, Italy

Italy is the most expensive place in the world to berth a superyacht. The Italian resort of Capri averages daily mooring fees for superyachts at around 2,900 Euros to moor a 24 metre plus boat. It has ten superyacht berths in total and an average local property price of 11,688 Euros per sq/m. Peak period here is during May for the Rolex Capri Sailing Week. Known as one of the Med’s most luxurious getaways for the wealthy, the tiny mountainous island of Capri off the Amalfi Coast, has a small marina, so expect space costs to be at a premium.

S Capri Italy

S Capri Italy

2. Porto Cervo, Sardinia, Italy

Dazzling Porto Cervo on the Costa Smeralda is ideal for the rich and famous. Founded by the Aga Khan in the 1960s as a village retreat, Porto Cervo in Sardinia now attracts the richest of yacht owners. Average daily moorings for superyachts are around 2,500 Euros, there are sixty superyacht berths available. Average local property prices are about 9,500 Euros per sq/m. The Deluxe Fair in June is a peak period event while the Maxi Yacht Rolex Cup Regatta in September is also a major attraction.

Porto Cervo, Sardinia, Italy

Porto Cervo, Sardinia, Italy

3. Portofino, Liguria, Italy

Originally a small fishing village, Portofina in Liguria, Italy has now become a famous playground for the super rich. This idyllic marina attracts royalty as well as movie stars from around the world. Average daily mooring fees for superyachts are in the region of 2,350 Euros, there are six superyacht berths. Average local property prices will set you back approximately 17,650 Euros per sq/m. One of the highlights and peak periods in the year is in May for the Portofino Rolex Trophy.

Portofino

Portofino

4. Ibiza Magna, Ibiza

Ibiza Magna is considered to be one of the most exclusive marinas in the world. The breathtaking Ibiza Magna on the Balearic Islands is a magnet for the young, rich, famous and well connected. Average daily mooring fees for superyachts are about 2,300 Euros with twelve superyacht berths available. If you’re interested in properties in the area, average price of a local property is approx. 8,000 Euros per sq/m. Peak periods, September closing dance parties.

Ibiza Magna, Ibiza

Ibiza Magna, Ibiza

5. St Tropez, Cote d’Azur, France

This is a playground for beautiful models, millionaires and jet setters. It was made famous in the 1950s by Brigitte Bardot and has now become an iconic and wealthy hang out. An average property costs about 13,500 Euros per sq/m. while average daily mooring fees for superyachts are around 1,300 Euros. St Tropez offers thirty berths for superyachts. Peak periods are generally, International Polo Cup in July and the Giraglia Rolex Cup in June.

St. Tropez

St. Tropez

6. Port Hercule, Monaco

The Principality of Monaco is home to more millionaires per capita than any other place in the world, what a thought. Here average daily mooring fees for superyachts in Port Hercule are about 1,200 Euros, number of superyacht berths twenty. Average property prices are in the region of 33,800 Euros per sq/m. Peak periods in Port Hercule comprise the Monte Carlo Rally in January, Monaco Grand Prix in May and the Monaco Yacht Show in September.

Port Hercule, Monaco

Port Hercule, Monaco

7. Miami Beach, Miami, Florida

The magic of Miami Beach is yours if you plan your waterfront stay at the Miami Beach Marina. It has easy accessibility to great sailing, cruising and fishing. It’s only a short drive from downtown Miami where you can enjoy boutique shopping, gourmet dining and vibrant nightlife. There are 45 superyacht berths in the marina, daily average mooring fees 883 USD. Average local property prices are about 9,500 USD per sq/m. Peak periods, Art Basel in Miami Beach in December and the Miami Boat Show, February.

Miami Beach Marina

Miami Beach Marina

8. Port de Cannes, Cote d’Azur, France

If you’re thinking about attending the world famous, week long, Cannes Film Festival, there’s a waiting list of at least a year. With this in mind consider making a reservation well in advance of your visit to Port de Cannes marina. The Cannes Film Festival takes place every year during May. Average daily mooring fees for superyachts are around 655 Euros, there are 35 superyacht berths in the marina. If you’re interested in buying a property here, local property prices are about 13,500 Euros per sq/m.

Port de Cannes, Cote d’Azur, France

Port de Cannes, Cote d’Azur, France

9. Port of Gustavia, St Barts

This port is considered around the world to be one of the most expensive marinas you can berth a yacht. A combination of fine beaches, designer shops, exclusive restaurants and relaxing cafes make the Port of Gustavia, St Barts, so attractive. Spot a famous celebrity onboard their yacht as you sip your favorite cocktail. Peak periods here are usually centered around the Port of Gustavia Christmas and New Year parties. There are fifteen superyacht berths with an average daily mooring fee of 500 USD. Want to buy a property? Average prices of local properties per sq/m 13,000 USD.

Port of Gustavia, St Barts

Port of Gustavia, St Barts

10. Yas Marina, Abu Dhabi

Located alongside the Abu Dhabi Formula 1 race track, the Yas Marina is designed as the Middle East’s answer to Monaco. It acts like a magnet for the rich and famous as well as people who like to be seen. Expect to pay 421 UAE dirham for daily mooring your superyacht in one of the forty superyacht berths. Average price of local properties are around 9,000 UAE dirham per sq/m. Peak period is definitely the Abu Dhabi Grand Prix in November.

Yas Marina, Abu Dhabi

Yas Marina, Abu Dhabi

If you would like to charter a superyacht in any of those popular locations around the world contact your preferred charter broker. CharterWorld provides the best service and unbiased opinion.

The largest marina-island in the world MARINA D’ARECHI opens in Italy

January 09, 2017

Written by Maria Korotaeva

MARINA D’ARECHI, the brand new and very impressive development, is now opened in Salerno, Italy. The marina has an imposing size of 340,000 sq m of water basin, with 1,000 berths including 80 berths for the superyachts of more than 100m. There is also a yacht maintenance and repair facility with a 220 ton capacity travel lift, as well as 14 fuel dispensers.

marina-darechi

Marina d’Arechi

Marina d’Arechi is the largest marina-island in the world. A bridge connects it to the islands, which means that there is on;y one access point and one exit. Another stunning feature of the marina is its location – it is situated at the heart of a UNESCO World Heritage site along the Amalfi Coast. This provides an easy access to Amalfi, Capri and Malta.

Marina d´Arechi Port Village will be one of the largest superyacht marinas in the Mediterranean

Marina d´Arechi Port Village will be one of the largest superyacht marinas in the Mediterranean

Marina d´Arechi Port Village by night

Marina d´Arechi Port Village by night

Italy has been a very popular yachting destination in the Mediterranean. It is now perfect time to start planning your summer yacht charter vacation. View a great selection of superyacht available for charter in summer 2017. For more information please contact your preferred charter broker.

Top Sunset Spots to Visit on Your Luxury Yacht Charter

December 12, 2016

Written by Maria Korotaeva

The yachting winter season has started, which means the number of very happy people in world has significantly increased. There is no wonder, as yachting certainly makes you happy: stunning views, sunshine, beautiful white-sand beaches, tiny little islands and lagoons, and of course, some amazing sunsets fascinate everyone who ever cruises on a yacht. Indulge in luxury experience and admire some breathtaking sunsets in the most popular yacht charter destinations this winter.

1. MALDIVES

The Maldives has become one of the most luxurious travel destinations in the past few years. Not only it attracts a lot of travellers and photographers but also yacht charterers. The reason is simple – the nature is stunning both during the day and at night. The islands are famous for the pink sunsets and glowing beaches, creating a truly romantic atmosphere for adults and a fairly-tale for kids.

maldives-sunset-by-stefano-milan

Maldives Sunset. Photo courtesy of Flickr / Stefano Milan

 

2. SEYCHELLES

The Seychelles is also known as the “Paradise on Earth”, which implies that the place is worth visiting while on a luxury holiday. The islands have become a favourite place of divers and fishing enthusiasts from all over the world. The on-shore and on the water activities are vast. The topical islands with jungles, charming birds, bright flowers and, indeed, the amazing sunsets will win your heart.

seychells-coca-de-mere-by-keuth-van-deventer

    Seychelles sunset. Photo curtesy of Flickr / Keuth Van Deventer

 

3. MAURITIUS

A popular hub among sailing yachts and catamarans, Mauritius is a cosmopolitan places with a lix of languages and cultures from different parts of the world. Among the most popular day activities you will find golf to be in favour of some visitors of the islands. Relaxing ambience is found in the natural environment, as well in luxury spa facilities in Mauritius. There are plenty of great spots to enjoy sunsets, for example your luxury charter yacht of a villa overlooking the bay.

mauritius-club-med-la-plantation-dalbion-by-antonie-debroye

Mauritius sunset. Club Med La Plantation d’Albion. Photo courtesy of Flickr / Antonie Debroye

 

4. THAILAND

Delicious Thai cuisine, welcoming and friendly locals, scuba diving and snorkelling spots, vibrant culture and architecture onshore – these are some of the very best reasons to visit Thailand on your next vacation. Thailand has been gaining popularity among yacht enthusiasts, thanks to a large development project of its marinas. What is more, nightlife there is just amazing, including night markets, fine-dining restaurants, bars and clubs. When exploring Thailand, don’t forget to take your camera, as you cannot miss a chance to take a picture of the stunning sunsets.

Thailand sunset: fishing boats in sea harbor. Photo courtesy of Flickr / eWastudio

 

5. BVI

The British Virgin Islands is an ideal location for yacht charters and sailing. No matter what kind of activities you prefer, you will find plenty to do on the BVI. Spend a day sunbathing on soft-sand beaches, or snorkelling and doing water-sports and then dedicate some time to enjoy beautiful evening and breathtaking views of the marine.

bvi-bitter-end-yacht-club-sunset-by-chaosbay

BVI sunset. Bitter End Yacht Club Sunset. Photo by Flickr / Chaosbay

 

6. WHITSUNDAYS

Whitsundays is a sailing paradise. Located behind the Great Barrier Reef, Whitsunday’s Coral Sea has no waves making the waters ideal for sailing. Not only that, but also some incredible beaches, bays and crystal clear water, attract the yachting elite to Whitsundays. There are 74 islands to choose from to visit, with some magnificent views and magical sunsets.

one-tree-hill-sunset-whitsundays-by-russell-charters

Whitsunday One Tree Hill. Sunset. Photo by Flickr / Russell Charters

 

7. ST BARTHS

St Barths is the crème de la crème of the variety of luxury travel destinations. The beautiful people from around the world head to St Barths to escape the cold in winter. Gustavia, the capital of St Barths, is known for its yacht-filled harbour, high-end restarts, boutiques and historical attractions. There is plenty of various activities, from kitesurfing to a peaceful relaxation on one of the top ranked beaches in the world. Some of the premium class villas, bars and restaurants are located up on the hills, providing spectacular views and a chance to admire the sunset.

st-barths-eden-rock-by-carlyjayne12

St Barths Eden Rock sunset. Photo by Flickr / Carlyjayne12

 

To find out more about yacht charter destination and how to secure a yacht please contact your preferred broker. You can view a selection of some stunning yachts for charter here.

Cowes Yacht Haven wins UK Marina of the Year 2016

September 16, 2016

Written by Rachael Steele

Cowes Yacht Haven marina, venue for the annual Cowes Race Week has been crowned the UK marina of the Year 2016 at the Southampton Boat Show. 30,000 Sailing Today readers voted online to place the marina in the no.1 spot over St Helier Harbour in Jersey and Hamble Point in Southampton, where the awards were held.

Press Release

Cowes Yacht Haven wins UK Marina of the Year 2016 at the Southampton Boat Show

Located on the Isle of Wight, the marina hosts the annual Cowes Race Week and a number of other events throughout the year.

Located on the Isle of Wight, the marina hosts the annual Cowes Race Week as well as a number of other international events throughout the year.

Cowes Yacht Haven has been crowned UK Marina of the Year 2016 in the Sailing Today Awards, recognising the very best in the UK and overseas marine industries.

The Isle of Wight-based marina beat four other south coast marinas to the prestigious title, which was announced at Southampton Boat Show by Sailing Today magazine, in the second year of the awards.

Between 22 June – 22 August, over 30,000 Sailing Today readers voted online, choosing Cowes Yacht Haven as their marina of choice over Hamble Point, Milford Marina, St Helier Harbour and Titchmarsh Marina.

Cowes Yacht Haven has 260 fully serviced berths, as well as a 400-capacity events centre and 3000sq/m of outdoor exhibition space, just a five-minute walk from Cowes high street.

The award win follows a series of international regattas hosted by the yacht haven over the summer months, including the Aberdeen Asset Management Cowes Week and the 2016 Etchells World Championship.

Jon Pridham, managing director at Cowes Yacht Haven, said: “The whole team has worked tirelessly over the summer sailing season, so receiving the news that we’d won Marina of the Year is such a fantastic reward.

“It’s an honour to have been nominated by so many Sailing Today readers, and fuels our motivation to keep Cowes Yacht Haven as one of the most popular sailing destinations along the Solent and the UK’s south coast.”

Sam Fortescue, editor of Sailing Today, said: “Cowes is rightly recognised as the epicentre of the yachting world, whose association with the sport goes back at least two centuries.

“As well as being the centrepiece of the Round the Island Race and Cowes Week, Cowes Yacht Haven also hosts numerous other sailing events during the year and has also raised £1000s for local charities. A very worthy winner, and clear favourite among our voters.”

Cowes Yacht Haven’s win was announced at the Sailing Today Awards’ champagne reception on Friday 16 September.

P/R: Porto Montenegro Yacht Club Pool receives prestigious award

July 05, 2016

Written by Rachael Steele

The Porto Montenegro Yacht Club Pool has earned the prestigious award and title of being one of the World’s Finest Clubs®. A popular venue with yacht owners and guests, Porto Montenegro Yacht Club Pool has a well earned reputation for providing exceptional service and outstanding quality from its restaurant and bar. The following is a press release for Porto Montenegro.

Press Release

PORTO MONTENEGRO YACHT CLUB POOL RECEIVES HIGHLY ACCLAIMED AWARD  BY THE WORLD’S FINEST CLUBS

Award Night celebration and official handover were held on June 29th 2016

Recently refurbished: Port Montenegro Yacht Club (2016)

Recently refurbished: Port Montenegro Yacht Club (2016)

The exceptional Porto Montenegro Yacht Club Pool has officially awarded among the World’s Finest Clubs®. This award, carried by famous venues like Soho Rooms Moscow, Matignon Paris or Marquee Las Vegas, represents the highest quality seal when it comes to premium entertainment and service.

On June 29th 2016, an official Award Night event at the venue was held to celebrate this achievement. Part of the night was an official handover of the award by The World’s Finest Clubs director David Huels, who came to Porto Montenegro, Tivat to join the event.The newly re-furbished 64m infinity pool welcomes Yacht Club members and guests every day in summer. Day beds for up to 188 people, private shower cubicles and changing rooms as well as a 20-seater lounge area that is ideal for groups and parties ensure every wish is catered for. At the foot of the pool, the summer restaurant provides a menu of poolside classics with an Italian twist, as well as expertly mixed cocktails and a selection of international wines.The World’s Finest Clubs® is the world‘s leading institution to select and award the most exclusive nightlife venues. Additionally, The World’s Finest Clubs® offers membership for privileged treatment in each awarded venue, to selected individuals and HNWI customer groups. Currently awarded are 228 venues across the globe.

Video: Mediterranean Yacht Show recap

July 05, 2016

Written by Rachael Steele

The 3rd Mediterranean Yacht Show (MEDYS) proved a highly successful event, with 75 yachts on display at Nafplio in the Argolic Gulf. Video from the event captures the party atmosphere surrounding the glittering days and sparkling nights in this historical Grecian town.

The next MEDYS will take place between April 29th – May 2nd 2017.

P/R: Marina Molo Luise selected location for Dolce & Gabanna event

June 23, 2016

Written by Rachael Steele

The Marina Molo Luise in Naples, Italy has seen an influx of visitors to the region since the start of the cruising season. At the heart of downtown Naples, the Marina Molo Luise has long been a favourite berthing spot with luxury yacht owners and captains alike. It is no coincidence then that the marina has been selected as the preferred location for VIPs attending the Dolce & Gabanna event. The following is a press release from Professional Yachting Services.

Press Release

NAPLES TAKES CENTER STAGE;

STAR OF INTERNATIONAL YACHTING SCENE

Marina Molo Luise is the selected location for VIPs attending Dolce & Gabbana event

Naples, Italy - Marina Molo Luise

Naples, Italy – Marina Molo Luise

NAPLES, Italy – June 20, 2016 – The Campania Region of Italy, and in particular Naples, has opened the Mediterranean cruising season in spectacular fashion with a 50% increase during the month of May in the number of super yachts visiting the region. Marina Molo Luise, in the heart of downtown Naples, is the confirmed preferred location for owners and captains visiting the area, and has established its role as the principle protagonist for Hollywood stars and international leaders of business and industry.

Armani, Arnault, Braun, Abramovich, De Benetti, JK Rowling, Della Valle and Hollywood stars Will Smith and Denzel Washington, along with members of the English and Arab royal families, are among those who have most recently selected Marina Molo Luise, and Naples, as their preferred location for their super yachts this cruising season. The list of visiting dignitaries is long and prestigious, and it is just the start for the Mediterranean cruising season.

From July 2 – 10, Marina Molo Luise will once again be center stage as the preferred port for prestigious superyachts, during an exclusive Dolce & Gabbana event. “The entire city of Naples will be featured on an international stage,” confirmed Francesco Luise, Manager of the Luise Group, which is the leading marine agency service provider for the super yacht industry in Italy. The Luise Group, with 35 offices along the Italian coastline, is proud to offer a full gamma of 24-hour VIP concierge services to the industry.

“The incredible patrimony that the Gulf of Naples offers is confirmed by the number of yachts present in the city, and is consistently raising Naples’s position to the top of the international stage. Art, history, culture, local traditions and folklore, combined with a wide range of prestigious high level tourism options, Naples, has reconfirmed this year, it’s position as the point of reference of excellence for owners and captains visiting the Gulf of Naples with their superyachts.”

“There are several other important growth trends also being seen in the ports of Ostia, Rome, Civitavecchia, Riposto, Taormina, Palermo, the Aeolian Islands and Porto Cervo,” said Francesco Luise. “And we can’t forget to mention the continued popularity of Portofino and the Cinque Terre,” he continued. “The preferred locations of yacht owners this summer seem to be the coast of Italy and Spain. Naples, however, is a highlight with owners appreciating the cultural and historical offerings of the city, top level provisioning and the strategic location close to an international airport connecting the city to all of Europe.”

Naples, Italy - Marina Molo Luise

Naples, Italy – Marina Molo Luise

The Luise Group since 1847 has committed itself to promoting the local territory. Thanks to strategic marketing campaigns showcasing the cultural patrimony and high level of services available to the yachting industry, which started during the Grand Tour, the city today is a must see stop for the super yacht industry.

“The market is continually pushing towards the construction of bigger and bigger yachts,” said Francesco Luise. “The market is in continued evolution and our clients, which range from 20 meters to over 150 meters, are our number one priority.”

New Grecian marina now open beside 5-star thermal resort

June 11, 2016

Written by Rachael Steele

In late May, 5-star Miraggio Thermal Spa Resort in Halkidiki opened its brand new marina to superyachts cruising the Mediterranean. Able to accommodate motor yachts of up to 40 metres, the marina in Kassandra, Haldiki, offers a welcome shelter along the Grecian coast.

Miraggio-Thermal-Spa-Resort-Marina-3-Legatto-Lifestyle-1024x427 (2)

From concept to construction, the marina was designed to excel in water circulation to prevent bacterial build-up on yacht hulls. Every aspect is designed for minimal impact on the pristine environment in which it is built, and experts from Aristotle University conducted wind and current studies to this end. Two bridge-like jetties mitigate the swell and swing of any chartered yachts moored in the marina and also self-clean with the flow of the sea.

A Miraggio Marina spokesman commented that the construction “is one of the best technologically advanced sea developments in Greece because of its overall architecture, positioning and modern engineering methods”.

The Miraggio Thermal Spa Resort provides both essential and state-of-the-art facilities at its marina, including 24-hour security, electricity and water service pedestals, Wi-Fi, a pump-out station, a petrol and diesel gas station and an on-site café and restaurant. Amongst its many services, the resort also offers a heliport and tailor made activities, trips and excursions, making it the perfect getaway destination for chartered superyachts.

2nd MYBA Pop-Up Superyacht Show to be hosted by Porto Montenegro

June 03, 2016

Written by Eva Belanyiova

The 2nd MYBA Pop-Up Superyacht Show is once again to be hosted by the popular yacht charter and yachting destination, Porto Montenegro in the Eastern Mediterranean. The event will take place on the 2nd, 3rd and 4th of September 2016, hosting some of the most prominent international brokers, agents, and a line up of beautiful 20+ metre superyachts. 

Bay of Kotor's marina is vying to become Europe's leading marina with 180m berths and significant tax and fuel discounts.Image courtesy of Porto Montenegro

Image credit to Porto Montenegro

Thanks to 250m LOA berth capacity at the marina, there are no limits to the yacht size at the show and interested parties are invited to contact info@mybapopupshow.com for further information. Discounted rates are available for those who register early. All yachts over 20metres, charter agents, sales brokers, charter managers and technical yacht managers are eligible to register. MYBA Members, Yachtfolio subscribers, Yachtfolio-listed yachts and MYBA E-Contract subscribers will automatically be accepted.

Last year saw 29 superb superyachts attend the show, including the 49,9m MARIU, 46,64m CHARISMA or the 44,68m BERZINC. Today, Montenegro is regarded as the newest superyacht hot-spot amongst yacht chartered, discerning travellers and celebrities. It is renowned for its incredible natural beauty, yacht-friendly tax and legislation benefits, as well as fast developing yachting infrastructure.

Porto Montenegro Marina and Resort Popular with Discerning Yacht Charterers Bought by Investment Corporation of Dubai

May 13, 2016

Written by Eva Belanyiova

An increasingly popular destination for superyachts in the Eastern Mediterranean and the Adriatic, the Porto Montenegro Marina and Resort has now been bought by the Investment Corporation of Dubai (ICD), which acquired the upscale yacht marina and waterfront development situated in Montenegro from Montport Capital.

Porto Montenegro in the beautiful superyacht charter destination Montenegro in the Eastern Mediterranean

Porto Montenegro in the beautiful superyacht charter destination Montenegro in the Eastern Mediterranean

The waterfront development is situated in the stunning Bay of Kotor, a UNESCO World Heritage site and provides a lifestyle community for boat and yacht owners, residents and tourist. Porto Montenegro has established itself as a superb destination for private yachts as well as superyacht charter visitors alike and has received an award as the ‘Superyacht Marina of the Year’ in 2015.

The decision to buy Porto Montenegro Marina and Resort is in line with ICD’s strategy to add top quality international assets in fast-growing markets to its substantial portfolio. The acquisition represents ICD’s first investment in Montenegro and the yacht marina sector, both of which are expected to grow significantly in the near future.

The internationally renowned Porto Montenegro presents an opportunity for ICD to access a successful business with significant potential for development expansion, both in the marina and landside,” said His Excellency Mohammed Al Shaibani, Executive Director and CEO of ICD. “It also represents a strategic fit with our expansion plans into international luxury real estate and hospitality sectors whilst providing exposure to a new geography.”

Porto Montenegro was founded and developed by Peter Munk, a Canadian entrepreneur, founder of Barrick Gold of Toronto – the world’s biggest listed minim company – who, with an international group of investors led by Lord Rothschild, envisioned and financed the transformation of a derelict base into an important superyacht and yacht charter destination for discerning clientele from around the world, in just under ten years.

Executed and managed from inception by Managing Director Oliver Corlette and his team, the development has always enjoyed the support of the Prime Minister of Montenegro, his Government, and the people of Tivat and Montenegro.“The Government of Montenegro has recognized from the very beginning and has supported the idea to position Montenegro as a leading superyacht destination on the Mediterranean, which has been fully realized by Mr. Peter Munk and his team of experts through the development of Porto Montenegro Project,” said Prime Minister Milo Djukanovic. He added: “The Government shall continue with the new investors the cooperation in implementation of a clear nautical tourism development strategy in Tivat and Boka Bay, and will continue to work together on further positioning of Montenegro as a high-end tourist destination.”

Peter Munk, the majority shareholder of Montport Capital, owner of Porto Montenegro Marina and Resort, said, “I’m enormously proud of what has been accomplished at Porto Montenegro. It has helped transform the perception of Montenegro throughout the world, has sharply increased the country’s tourism revenue, and has created thousands of direct and indirect jobs. The Investment Corporation of Dubai is the ideal party to take the resort to the next level, and to maximize its virtually unlimited potential. With this transaction, I am confident that I am leaving Porto Montenegro in very safe hands.”

In addition to 450 berths already built and fully occupied, and with the necessary approvals in hand to build another 400 berths plus develop land with a BUA of 280,000 square meters, the resort has the potential to double in size and become the leading luxury yacht port on the Mediterranean. “Looking ahead, our aim is to realize Porto Montenegro Marina and Resort’s full long-term potential,” added Al Shaibani.

“Our priority at ICD is to support management in the fulfillment of its ambitious plans, and to further establish Montenegro as a prime European yachting destination,” Al Shaibani added.

ICD is currently developing the Royal Atlantis Resort and Residences, a set of hotel rooms, suites and luxury apartments that will grace the shores of Palm Jumeirah, facing Atlantis. Last year, ICD acquired stakes in three luxury hotels across the world: the W Hotel in Washington D.C., the Mandarin Oriental in New York, and the One&Only in Cape Town, South Africa. It also owns significant equity interest in Kerzner International Holdings Limited (KIHL), the international operator of the One&Only, Atlantis and Mazagan brands.

ARE YOU INTERESTED IN AN UNFORGETTABLE MONTENEGRO YACHT CHARTER?

If Montenegro has caught your attention and you would like to explore this beautiful country aboard a superyacht this summer, don’t hesitate to contact us and speak to our brokers about the perfect made-to-measure itinerary for you, your family and friends. We have access to a wide selection of fantastic luxury yachts in all sizes and styles currently offering yacht charter in Montenegro and are able to provide you with an unbiased advise and gratuitous assistance.