Inside The $250 Million Superyacht Owned By A 27

Key Points:

• Abbas Sajwani, a 27-year-old Dubai real estate scion and son of billionaire Hussain Sajwani, recently acquired the $250 million superyacht Amadea, previously seized from Russian oligarch Suleiman Kerimov, at a U.S. government auction for a significant discount.
• Sajwani has built his $1.9 billion fortune by focusing on ultra-luxury real estate developments in Dubai, including luxury villas, residential towers along the Dubai Water Canal, and plans for a massive mixed-use project called AHS City slated for 2030.
• Despite a nearly 30% drop in Dubai real estate transaction volume due to geopolitical tensions, Sajwani remains confident in the market’s health, underscored by his $300 million purchase of the Shangri-La Dubai hotel and ongoing development projects.
• The Amadea yacht, built by German shipyard Lürssen in 2017, features lavish amenities such as a winter garden, infinity pool, spa, and helipad, serving as both a residence and workspace for Sajwani, who spends summers in Europe and winters in the Caribbean.
• Sajwani's recent luxury acquisitions also include a $260 million neoclassical estate in London, highlighting his expanding portfolio of high-end properties and assets beyond Dubai.