Marina rents remain 'steady' in Gulf countries

02/03/2011 - Dubai Lifestyle News Posted by Bob Brunskill
Marina rents remain 'steady' in Gulf countries

Despite the recent economic downturn, rental rates for marina berths in Gulf countries have remained steady over the past two years.

This is according to Gulf News, which added that marinas are now looking at new initiatives to keep customers and draw more in.

"With more competition, the consumer is definitely getting better value for money," Matthew Bate, director of operations at Mourjan Marinas IGY, told the news provider.

Mr Bate explained that recently-introduced services for individuals docking their boats in the marinas include free washes, valet services and improved hospitality and experience.

His comments come as thousands of visitors flock to Dubai to enjoy the 19th edition of the Dubai Boat Show.

The five-day event will see 425 yachts and boats displayed, including a record 30 regional launches and 11 global premieres.

Mr Bate added: "When you're comparing it to a lot of other yachting industries globally, [the] UAE and the Middle East in general have definitely been at the forefront of the stronger markets."ADNFCR-2019-ID-800438741-ADNFCR