Slacking on maintenance will require more repairs in the long run and repairing things quickly and completely can reduce maintenance cost.
Azzam yacht maintenance cost. It is 590 feet long and cost 600 million to build. We come to this value due to her large displacement 13136 ton. This means the owner must spend over 60 million every year to keep Azzam in prime condition before cruising off to a foreign destination.
Her exterior design and styling is done by Nauta Yachts. Fuel lots of it vessel insurance dockage fees maintenance and repairs and crew salaries are. So in theory a 10 million yacht would set you back 2 million a year in operational costs.
But buying it is just a start. This yacht is one of the most expensive masterpieces and will for yearly maintenance cost around 10 per cent its full price. Captains report making anywhere from 70000 a.
To this we must also add the generators fuel consumption at anchor plus any additional for tenders. The worlds largest private vessel belongs to the Prime Minister of the United Arab Emirates Khalifa bin Zayed Al Nahyans Azzam. This yacht is one of the most expensive masterpieces and will for yearly maintenance cost around 10 per cent its full price.
The yacht was built by luxury yacht builder Lürssen for an estimated build price of US 600 million. Maintenance Repairs. And a market value of around US 60000 per ton for Northern European built yachts.
Bentley Collins of Sabre Yachts says to budget 10 percent. This means the owner must spend over 60 million every year to keep Azzam in prime condition before cruising off to a foreign destination. Considering it belongs to the president of the UAE the details of what went inside are confidential for obvious security purposes.