But these two costs also go hand in hand.

Azzam yacht maintenance cost. This means the owner must spend over 60 million every year to keep Azzam in prime condition before cruising off to a foreign destination. Jeff J MitchellGetty Images. Captains report making anywhere from 70000 a.

But buying it is just a start. Fuel lots of it vessel insurance dockage fees maintenance and repairs and crew salaries are. To this we must also add the generators fuel consumption at anchor plus any additional for tenders.

Yacht Crew are necessary for vessels over 80 feet and on average costs the owner 6500 per crew member per month for vessels up to 120 feet in length. We come to this value due to her large displacement 13136 ton. From routine maintenance to fixing blown motors and electrical equipment the annual cost can be extravagant but is part and parcel of owning such an expensive toy.

The yacht was built by luxury yacht builder Lürssen for an estimated build price of US 600 million. The worlds largest private vessel belongs to the Prime Minister of the United Arab Emirates Khalifa bin Zayed Al Nahyans Azzam. 500 hours per year will give us the main engine fuel budget of around 250000.

400000 Like anything mechanical a superyacht is prone to suffering wear and tear over the years. Lets get a better estimate of the Azzam. Considering it belongs to the president of the UAE the details of what went inside are confidential for obvious security purposes.

About 95 percent of owners have boats 26 feet or less at an average cost of 18000 according to the National Marine Manufacturers Association and more than 80 percent of those buyers shelled out for pre-owned boats. Again the exact costs will vary greatly from boat to boat. This yacht is one of the most expensive masterpieces and will for yearly maintenance cost around 10 per cent its full price.