Yacht Ownership in Dubai: How it works?

Owning a yacht in Dubai draws interest for lifestyle and business reasons. It is a sign of prestige and luxury. However, it takes careful planning and understanding of local rules. This blog explains the process of yacht ownership in Dubai, covering the steps involved, associated costs, legal requirements, and benefits.

Steps To Buy And Register A Yacht

First, find a yacht that fits your needs and budget. Prices vary widely, from small boats to superyachts that can cost up to AED 10 million. After purchase, you must register the yacht with the Federal Transport Authority or Dubai Maritime Authority. Fees include an initial license fee and inspection costs that vary by vessel size. If registration or renewal inspection is needed, additional fees apply depending on the yacht’s length. A VHF frequency permit is also required.

Annual Costs And Maintenance

After purchase, significant yearly expenses begin. Maintenance typically reaches 10% of the yacht’s value each year. This includes servicing, hull care, engine checks, and cleaning. Insurance costs range from 1.5% to 3% of the yacht’s value annually. Fuel and docking fees vary based on yacht size and usage. Marina berthing may cost AED 20,000 to AED 150,000 annually. For larger yachts, crew salaries can become a significant expense, often exceeding AED 20,000 per month.

Licensing And Legal Requirements

Operating a yacht in UAE waters requires a valid marine license. Private owners must hold a pleasure craft license and pass a theory test. Boats are inspected and licensed through the DMCA. Fees for this include AED 120 for the license and further fees for inspection. Large yachts may need a commercial or safe manning certificate. A VAT rate of 5% applies to the purchase of yachts. Owners must also comply with rules on waste disposal and maritime safety, including obtaining VHF permits and undergoing periodic inspections.

Golden Visa And Residency Benefits

Since February 2025, Dubai has issued a 10‑year Golden Visa to yacht owners with vessels of 40 meters or longer. This visa allows holders to live, work, and study in the UAE without needing a sponsor. It can also cover immediate family members. The program aims to attract wealthy individuals and boost the marine tourism sector.

Benefits Of Owning A Yacht In Dubai

Owning a yacht in Dubai brings both leisure and business advantages. Dubai’s modern marina network, such as Dubai Harbour and Mina Rashid, is of a global standard. Yachts are ideal for weekend getaways, corporate events, and private charters. Owners who do not use their yacht full-time can hire it out when available, offsetting some of the costs. The city’s climate allows year-round boating, though heat in summer can limit use. Overall, yacht life here offers high status, flexibility, and a route to long-term residency.

Conclusion

Yacht ownership in Dubai offers a unique combination of prestige and practical benefits. The process begins with selecting and purchasing a yacht, followed by registration and obtaining the necessary license. Annual costs include maintenance, insurance, fuel, docking, and crew. Legal compliance is key, and the new 10-year Golden Visa makes Dubai even more attractive to yacht owners. For those who value luxury, autonomy, and access to the open water, yacht ownership in Dubai can be rewarding, as long as the financial and legal details are well managed