Island Global Yachting (IGY) the luxury marina developer and management company on Wednesday unveiled plans to develop and manage Dubai’s first dedicated mega-yacht marina.

Palm Jumeirah Mega Yacht Marina, will become one of only a handful in the world, and will be completed in the third quarter of 2009, said a top IGY official at the ongoing Monaco Yacht Show.

'With an estimated value of Dh425 million ($116 million), the marina will have 75 berths, 30 of which will be capable of accommodating yachts between 50 to 165 metres in length,' Michael Horrigan, CEO Middle East and Europe, IGY explained.

The remaining 45 berths will accommodate yachts between 14 to 20 metres in length, he noted.    

It will be located on the west side of Palm Jumeirah’s trunk, adjacent to the Trump International Hotel and Tower. 

“The Middle East is home to more mega yachts than any other region in the world, so it is fitting that such a magnificent facility should be located in Dubai,' Horrigan commented.

'Even amidst the current economic climate, demand remains extremely high for these sized yachts, and we are delighted to be able to deliver the magnificent Palm Jumeirah Mega Yacht Marina through our partnership with Nakheel.'

“The Palm Jumeirah Mega Yacht Marina is set to become our global flagship marina, enhanced by the exceptional upland and water based facilities it will offer. Using the business model which we have successfully implemented in our many luxury marinas around the world, we will be able to offer berth holders the very highest levels of service in a stunning environment,' he added.

At the heart of the marina will be the clubhouse, a members’ only facility with other outstanding design features such as car access on to the pontoons and high level security.  

The design allows for 75 berths that will provide private yachts with modern infrastructural elements such as spacious pontoons that are wide enough to accommodate two cars side by side, in conjunction with unrivalled amenities available to boat owners.

These include in-berth fuelling, dockside storage modules, shore-side crew facilities and full berthing utility provisions.

The marina will have security checkpoints at the connection to the Palm Jumeirah trunk and the exclusive T-head pier will provide customers with a secure and exclusive location to experience and homeport their vessels.

Located at the centre of the radiating berths, the luxurious clubhouse will be a “members only” facility.

It will feature elevated rooftop dining with views looking back to Trump Tower, at the centrepoint of the Palm Jumeirah shoreline, as well as a sunset view toward the Jumeirah skyline with the mega yachts in the foreground.-TradeArabia News Service