Middle East Marine Industry Booms as Waterfront Developments Peak

Almouj Marina Muscat Oman

As the marine industry continues to gain strength in the Middle East, there has been an increased interest in waterfront developments across the Middle East, which is encouraging for the continuing growth of the marine industry as a whole.

According to research conducted by Mourjan Marinas across 23 marinas, covering 4,289 berths in the UAE, Qatar and Oman, berthing rates have increased on average between three and five per cent in recent years.

A 10 metre berth is currently rated at approximately US$ 5,100, whilst 15 metre berths are rated at approximately US$ 10,500.

However, the research has found that Oman’s berthing rates are between five and 10 per cent lower than average – a reflection of the lower cost of living enjoyed by Omanis and residents.

Mourjan Marinas’ current marina management portfolio spans across the GCC, including three marina facilities totalling approximately 380 berths and 1,321,063 square feet.

The company currently manages:

  • Mourjan Marinas – Lusail City
  • Mourjan Marinas – Four Seasons Hotel, Doha
  • Almouj Marina, The Wave, Muscat