Abu Dhabi has unveiled a groundbreaking initiative aimed at attracting high-net-worth individuals to its shores. Through the newly launched ‘Golden Quay’ program, luxury yacht owners and key players in the yachting industry can now obtain a coveted 10-year UAE Golden Visa, reinforcing the emirate’s position as a premier global destination for luxury maritime tourism.
What is the Golden Quay Initiative?
Spearheaded by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) in partnership with the Abu Dhabi Investment Office (ADIO) and Yas Marina, this initiative serves as a gateway for yacht owners to explore Abu Dhabi’s rich cultural and economic landscape. It aligns with the emirate’s Tourism Strategy 2030, which aims to create a sustainable and diversified tourism economy.
Through the Golden Quay, eligible individuals gain access to Abu Dhabi’s world-class marinas, state-of-the-art marine facilities, and unique investment opportunities. The initiative is set to position Abu Dhabi as a global luxury yachting hub while offering unparalleled lifestyle benefits to its participants.
Eligibility Criteria
The program extends its benefits to private yacht owners and executives in the yachting sector, such as:
- Yacht Owners: Private owners of yachts measuring 40 meters or longer.
- Industry Professionals: CEOs, major shareholders in yacht-building companies, central yacht agents, service providers, and insurers.
- Family Members: Immediate family members of eligible nominees.
Yas Marina and ADIO serve as the official nominating entities for the program.
Why Abu Dhabi?
Abu Dhabi offers an extraordinary mix of luxury and culture. According to Saleh Mohamed Al Geziry, Director-General of Tourism at DCT Abu Dhabi, the initiative provides seamless access to top-tier marinas and exclusive amenities. This move is part of a broader strategy to enhance Abu Dhabi’s appeal to affluent investors and tourists.
Moreover, as highlighted by Hareb Al Mheiri, Executive Director of ADIO, the program underscores Abu Dhabi’s vision for sustainable tourism growth and economic diversity. For yacht owners, Yas Marina’s award-winning facilities and exceptional recreational offerings make it a preferred destination.
A Thriving Hub for High-Net-Worth Individuals
Abu Dhabi’s luxury yachting industry has witnessed significant growth, boosted by events like the Monaco Yacht Show, where the Golden Quay initiative was prominently featured. The UAE already boasts over 116,500 millionaires and 20 billionaires, according to the 2024 Henley & Partners Private Wealth Migration Report, making it a hotspot for luxury investments.
Conclusion
The Golden Quay initiative marks a bold step in redefining Abu Dhabi’s standing as a luxury destination. By offering long-term residency and exclusive access to world-class facilities, the program opens new doors for yacht owners and industry leaders to invest, live, and thrive in the emirate.
For more details, visit the official website: www.goldenquay.ae.