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MOTOR YACHT A – Cutting-edge $300M Superyacht

MOTOR YACHT A is one of the largest privately-owned megayachts in existence, measuring 119 meters (390 ft) in length.

It is currently ranked the 27th biggest yacht in the world and sails under the flag of Bermuda.

A was built by the famous shipyard Blohm & Voss in Kiel, Germany and after four years of construction, she was handed over to her new owner in 2008.

MOTOR YACHT A interior

The interior of the 119 meters (390 ft) long A offers plenty of natural light and elaborate wooden furniture, providing a luxurious and comfortable ambiance.

The interior design is by Philippe Starck, a renowned French architect, and designer who helped develop the private rooms of the Élysée Palace in Paris.

MOTOR YACHT A features a beautiful master suite and an additional six state-of-the-art guest cabins. A crew of 35 members is able to stay on board to take care of up to 14 guests.

Specifications

Two diesel engines power MOTOR YACHT A with an output of 9,000 kW each. A full tank of over 750,000 liters provides her with an impressive reach of up to 6,500 nautical miles.

Her cruising speed lies at 19 knots, but the vessel can reach maximum speeds of up to 23 knots.

A is equipped with the latest technology and control systems, which aid the crew in maneuvering the gigantic vessel. She has a width of 18.87 meters (61.90 ft) and weighs in at an impressive 5,500 tons.

Philippe Starck also created the exterior design of A in collaboration with naval architect Martin Francis and the shape of the yacht strongly resembles a US Navy destroyer.

A has a total of three swimming pools distributed on the different decks.

The pool on the front deck is the largest of all and is equipped with a jet nozzle that can simulate currents.

Furthermore, A features a spacious beach club as well as three tenders housed in their own garages.

She also has her own helicopter landing pad located on the forward main deck while three elevators make it easy for guests and crew to reach the different levels of the vessel.

Of course, A is equipped with a high-quality gym and a spacious spa area.

The price of MOTOR YACHT A is estimated at about US $300 million, which the owner, Russian billionaire Melnichenko paid for the vessel in 2008.

The annual costs amount to US $12 to $15 million depending on use.

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The best photos of Motor Yacht A

Motor yacht a's profile.

Dubbed the world’s most famous superyacht, the 119 metre Motor Yacht A looks like a cross between a floating submarine and futuristic spaceship. Here, Motor Yacht A's iconic profile can be seen silhouetted against a sunset. 

Turning heads since it first hit the water in 2008, Motor Yacht A was built by Blohm & Voss . Here, the yacht's striking underwater lights are illuminated as night falls. 

Speaking about the design of Motor Yacht A , designer Philippe Starck says his intention was to make the yacht blend with the sea. He was focused on the way the yacht moved through the water, with barely a ripple, “like a whale”, he says. 

Like the 142.81 metre sail-assisted motor yacht Sailing Yacht A, Motor Yacht A was designed by legendary designer Philippe Starck (pictured) and was built by Blohm & Voss. Both superyachts are owned by Andrey Melnichenko.

The aft deck

Motor Yacht A’s iconic aft view is seen here. 

Forward of the main saloon, Motor Yacht A features a main outdoor lounging area protected by a deck overhang but open to the elements from the bow.

The owner's cabin

Accommodation on board the 119 metre yacht is for a total of 14 people and 35 crew members. Pictured here is the owner's cabin, which is illuminated in plentiful natural light. 

The tender garage

The tender garage is understood to be designer Starck’s favourite place on board. This huge space accommodates a sports tender and a limo tender.

The helideck

Located at the very front of Motor Yacht A's bow is the dedicated helideck, allowing the owner and guests to come and go in style. 

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TRIPLE SEVEN was named after her build name 777 which is considered to be a lucky number combination in Germany.

Build & Design with respect to Luxury Yacht TRIPLE SEVEN

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The Accommodation Capacity Provided by Superyacht TRIPLE SEVEN:

The volumous luxury yacht motor yacht TRIPLE SEVEN can sleep as many as 12 people and has 18 qualified crew.

A List of the Specifications of the TRIPLE SEVEN:

Further Information On The Yacht

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15 Best Luxury Yacht Builders and Shipyards in the World

Published on july 21, 2024 at 5:37 pm by dragana randjelovic in news.

In this article we will list 15 best luxury yacht builders and shipyards in the world . You may be interested in searching for 15 Best Boat/Yacht Insurance Companies Heading into 2024 , too.

Luxury Yacht Builders Rebound Post-Pandemic

According to a study from the Italian Marine Industry Association and Deloitte , the global new build yachting market has reached €33 billion ($35.9 billion) during the industry boom in 2022. This marks an 11% increase from the year before, and a CAGR of 10% since 2014. Increasing prices, along with increasing demand from customers, has been responsible for this positive growth. According to the study, Europe and North America are the biggest consumer groups, taking up 70% of the total market share. Italy remains at the top in yacht building, generating €4.4 billion in yacht production value for 2022.

Despite the positive growth, superyacht sales have taken a dive in 2023, the new SuperYacht Times’ State of Yachting report indicates. Long wait times, rising costs, and the exclusion of Russian oligarchs from the superyacht market have all led to this decline. There were 203 superyacht sales in 2023, down from 245 in 2022, and from a record 313 in 2021. A buyer placing an order for a new yacht over 200 feet today has to wait three to four years owing to backlogs from the pandemic. Orders for yachts between 200 t0 600 feet have experienced the most decline, by 40%, largely since the rich buyers from Russia are dropping out of the market. Despite the drop in new sales, yacht completions have been up. According to SuperYacht Times, there are now nearly 6,000 super yachts, triple the number in 2022.

It wasn’t simple to make a list of the world’s best yacht builders and shipyards in the world, especially now when it seems that the superyacht business has regained its momentum. Following the pandemic’s upheaval, boat builders have resumed normal operations. There are now 173 small yacht manufacturers and large builders in 25 countries working on at least one yacht larger than 24m. Every year, around 400 boats larger than 24m are supplied to their owners by luxury yacht companies that specialize in yacht categories or product segments that distinguish them from other commercial shipyards. Experts believe that there are currently around 5,000 boats larger than 24 meters navigating the world’s oceans.

The Netherlands and Germany leads the yachting sector in terms of providing yachts larger than 50m with high volume and value. Some other yacht builders in the world include those in Turkey, Asia, North America, South Africa, Oceania, and Brazil. Turkish shipyards are now building motor and sailing yachts out of GRP and steel, North America has turned its focus on semi-custom motor yachts, Asia is known to be a hub for production series motor yachts made from GRP, while the top builder nation Italy excels in larger yachts and more customizable options.

When it comes to the US, United States Luxury Yacht Market  is  expected  to reach USD 4.45  billion  in 2024 and grow at a CAGR of 8.25% to reach USD 6.61  billion by 2029. On the list of yachth-related companies, Marine Max, Inc. (NYSE: HZO ) is a known name, with a $750 million market capitalization. The total enterprise value is $1.76 billion. The corporation is headquartered in Florida and employs an estimated 2,666 people. In the United States, the company has a significant market share in at least one area as a boat dealership and repair company, where they account for an estimated 6.4% of total industry sales. They are classified as an All-Star and one of the best luxury yacht brands because they have a higher market share, profit, and revenue growth than their competitors.

Pe3k / Shutterstock.com

Methodology

To compile a list of the premier luxury yacht builders and shipyards globally, we undertook a comprehensive comparison of leading companies with those recognized for producing the most esteemed and high-value yachts. Our methodology involved cross-referencing top-rated yacht lists with data on their builders. By aggregating the frequency of mentions across lists such as IYC Yacht, YachtWorld, Elite Traveler, amongst others; we established a preliminary ranking. Subsequently, we assessed these companies based on the prominence of their yachts on industry-leading rankings and their annual revenue. This analysis revealed that the top-ranked companies distinguished themselves not only through frequent appearances on prestigious lists but also through exceptional performance across various metrics.

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This is how our list of the best luxury yacht builders and shipyards in the world looks like.

15. Princess Yachts

Insider Monkey Score: 2

Princess Yachts was founded in 1965 in a modest industrial unit on Newport Street in Plymouth. Since then, Princess has become one of the top luxury yacht builders and shipyards in the world. South African businessman Graham J. Beck bought the company in 1981. In 2001, Marine Projects changed their name to Princess Yachts International PLC. Princess Yachts operates in 119 countries and employs over 3,200 people worldwide, with shipyards totaling over 1.1 million square feet.

14. Perini Navi

Perini Navi specializes in superior craftsmanship of some of the world’s largest super sailing yacht builders. Their constant growth in the design, engineering, and construction of aluminum superyachts has propelled them to the industry leader in the large, custom super sailing yacht sector. Fabio Perini started Perini Navi in 1983 in Viareggio, Italy. Unable to find a huge sailing yacht that he could run alone, Fabio founded a firm to build and engineer his own vessel, launching a prototype sailing yacht with plenty of living space that could be sailed with a smaller crew. In 2021 Perini Navi became a part of The Italian Sea Group which increased the portfolio in 2023 to six companies.

13. Delta Marine

In 1967, brothers Jack and Ivor Jones launched Delta Marine on Seattle’s Duwamish River. The shipyard initially focused on producing fishing boats that could withstand the frequently harsh waters of the Pacific Northwest and became one of the best small yacht brands. Delta Marine’s success in the fishing industry inspired the shipyard to create luxury expedition ships capable of transporting their customers north to Alaska, west to the Pacific islands, and around the globe. Delta Marine shifted their focus to custom superyachts in the 1990s.

12. Fincantieri Yachts

Fincantieri Yachts, an Italian shipyard and now one of the best luxury yacht builders and shipyards in the world, has been around since 1780. The first shipbuilding enterprise was founded in Castellammare di Stabia, and it served as the foundation for the world-renowned corporation. By the mid-twentieth century, the business had become part of the state-owned IRI and was in charge of the country’s primary shipbuilders; Fincantieri Yachts was established as a separate branch in 1984. The shipyard has established itself as a multifaceted entity. Fincantieri’s facilities are now building military ships, including submarines, passenger and industrial vessels, as well as a new market area, megayacht construction, which began in 2005.

11. Royal Huisman

Royal Huisman is a Dutch shipbuilding company that specializes in the new build, refit, rebuild, and renewal of sailing and motor yachts. The shipyard in Ronduite was founded in 1884 to produce wooden workboats and fishing boats. Jan Huisman began building steel sailing boats in 1954, and his son Wolter converted to aluminum hulls in 1964 with the 30 ft Van de Stadt Avenir series. In celebration of the shipyard’s 100th anniversary in 1984, Queen Beatrix of the Netherlands bestowed the title “Royal” to Huisman, renaming the company Royal Huisman.

10. Sanlorenzo

Insider Monkey Score: 3

Sanlorenzo Shipyard has been producing high-quality motorboats since 1958. It is a yachting boutique enterprise that produces only a small number of custom yachts each year. Each boat is custom-designed and built to meet the owner’s exact needs, style, and preferences. The shipyard’s headquarters are located on the banks of the Magra River, within the Montemarcello-Magra Natural Reserve, near Ameglia, province of La Spezia, Liguria, Italy. Since its founding, the firm has manufactured just roughly 1000 ships, each one special and unique. Since 2005, the organization has adopted a fresh approach to personalization and innovation. As a result, the shipyard has expanded significantly. Over the last eight years, the company has gradually established itself in Boat International’s annual Global Order Book rating.

9. Blohm & Voss

The German shipyard Blohm+Voss was named after its founders, Hermann Blohm and Ernst Voss, who chose to join forces in 1877 to construct steel steamers. Hermann Blohm and Ernst Voss, the founders of the Blohm & Voss-Werft, rose to prominence far beyond Hamburg. Unfortunately, after several dismal seasons in the 2000s, the company discontinued creating new yachts. As part of Lürssen, the shipyard will no longer manufacture boats, but will continue and even increase its yacht refit, commercial, and military building activities. The firm is on this list because their boats are consistently on the list of the best boats, and three of their boats are among the best ever built.

Insider Monkey Score: 4

Heesen Yachts is one of the best luxury yacht builders and shipyards in the world, being a Dutch shipbuilding firm that specializes in custom-built superyachts. Founded in 1978, it has launched over 200 yachts, several of which have received prizes. It is recognized as a global leader in the design, construction, and engineering of all-aluminum boats. After a string of popular and pricey boats, 1988 proved to be the yard’s breakthrough year. American entrepreneur John Staluppi had commissioned the yard to build a superyacht capable of speeds exceeding 50 knots. Heesen expanded in 2003, the same year it introduced its 3700 and 4400 yacht series, which were among the first examples of superyacht building on a shared hull and engineering platform.

7. Abeking & Rasmussen

Abeking and Rasmussen is a luxury yacht constructor that specializes in big custom motor yachts constructed from steel. The company has previously built sailing boats, maritime vessels, and swath vessels. Georg Abeking and Henry Rasmussen formed the company in 1907. The business began producing navy warships such as torpedo boats, minesweepers, and submarine destroyers. Later, the firm began constructing speedboats and sailing yachts. The yard has a reputation for pioneering new technologies, having manufactured some of the world’s most technically advanced yachts. Many of the projects they have created are notable for overcoming technical engineering obstacles, such as Germania VI in 1963, the first sailing yacht with a welded aluminium hull, and the 1972 motor yacht Kalamoun, the world’s fastest at the time, hitting 46 knots. The Krupp Foundation still owns their latest yacht, Germania VI.

6. Ferretti

Norberto and Alessandro Ferretti, brothers from Bologna, Italy, expanded their family’s successful luxury auto business, which marketed Maserati and Lamborghini, by opening a yacht dealership in 1968. The Ferretti brothers initially marketed other boat builders, but during the Genoa Boat Show in 1971, they debuted their first yacht design, a 10-meter wooden motorsailer. Ferretti boats, the first member of the Ferretti Group of international luxury yacht brands, manufactures semi-custom composite boats in Forli, Italy, ranging in size from 16 to 29 meters. The Ferretti Yachts 960 type, introduced in 2013, is the largest planing luxury yacht ever built by any of the Ferretti Group shipyards. Ferretti Group is listed on the Hong Kong Stock Exchange since 2022 and debuted on Euronext Milan, the Milan-based stock exchange owned by Borsa Italiana. In 2023, the company became the first and only company in the world to achieve dual listing in Asia and Europe which qualified the company for the list of the best luxury yacht builders and shipyards in the world.

Heesen Oceanco Feadship Lürssen Ferretti Nobiskrug Sanlorenzo Perini Navi Delta Marine Royal Huisman Azimut/Benetti Marine Max Inc. Princess Yachts Blohm & Voss Fincantieri Yachts Abeking & Rasmussen Jim Cramer is Recommending These 10 Stocks in June Analyst Sees a New $25 Billion "Opportunity" for NVIDIA 15 Best Luxury Yacht Builders and Shipyards in the World 15 Best Boat/Yacht Insurance Companies Heading into 2024 Show more... Show less

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on june 30, 2024 at by inan dogan, phd.

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

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A New Dawn is Coming to U.S. Stocks

Published on may 2, 2024 at by insider monkey staff.

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Click to continue reading…

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Motor Yacht A – Is this the Most Unconventional Yacht?

There could be no better description for the uniquely shaped Motor Yacht ‘A’. This luxury yacht has been given an identity of its own in its one-of-a-kind design featuring an upside down hull. While its structure would make heads turn, it would also make its counterparts shy away.

The yacht has been designed by Philippe Starck and built by Blohm+Voss. In 2008, this 119m, 5500 ton beauty was completed and launched into the waters to change the way world looked at yachts forever.

‘A’, the motor yacht is luxury redefined with her exceptional design that is an engineering wonder. But there are also other features that make it truly remarkable. To begin with, this luxury yacht flaunts three swimming pools, on board which have a capacity to create currents allowing people to swim against the current.

There are also two 11m tenders , the Open and the Limo models, both of which have also been designed by the yacht’s designer Philippe Starck. The name of the yacht- ‘A’ gives it a very enigmatic feel. In reality, the name of yacht is a tribute Andrey Melnichenko and his wife Serbian fashion model Aleksandra Nikolic. The yacht’s design and appeal to eyes certainly justifies the tribute.

Moving beyond the aesthetic appeal and luxury of ‘A’, the yacht also has excellent design in terms of space utilization to its credit. The interior of the ship has been intelligently designed to allow maximum space availability while accommodating many features.

A peaceful ambience, wooden furnishings and comfortable furniture have all been included in the yacht’s design. Additional features like glass roof looking up one of the swimming pools can also be found that add the ‘wow’ factor.

But that’s not even all about the yacht’s beauty. When in motion, this wonder can reach a speed of up to 23 knots with a range of 4250nm. Twin 6035hp MAN RK280 diesel engines are used to enable ‘A’ reach such speeds. Latest navigational tools and equipments have also been introduced on the yacht to make cruising on waters better than ever. Advanced stabilizers and bow thrusters have been incorporated into the design to ensure just that.

This yacht offers an unmatched sense of style, comfort, luxury and efficiency. Its luxury can be enjoyed by up to 14 guests at one time, being looked after by a crew of 37. So if you are up for a little indulgence, ‘A’ is ready for you.

You may also like to read – Top 10 Books on Yacht Design

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There was a slight error in the movie above. “A” has a fuel capacity of 199,999 gallons of fuel (marine gas oil), this translates to about 525 metric tons. At today’s prices (US $ 1,100 per Metric Ton) it would cost about US $ 57,860 to fill her up. not US $ 597,997.10 as the movie states.

That’s an important observation as fuel cost is the biggest contributor of any vessel’s operation cost. Thanks for the correction.

Thank you Anish. If you are to believe the range of 4,250 miles, yes, fuel would be the biggest running cost. If she’s doing 23 knots, that 552 miles per day or 7.7 days before she runs out of fuel.. that works out to about US $7,500 per day for fuel expense. If the owner is paying is crew a decent wage, say US $200 per day, that would be another $7,500 per day. But if you’re the owner’s accountant, I believe they’d depreciate the US $ 300 Million over 15 years which works out to about US 55,000 per day.

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• € 3600000 per week
• 29.95 M 14 MPH 1 4

Triple 888 is a highly practical yacht ideal for family cruising or charter, the 29.95m superyacht is in immaculate condition having only ever had one owner since her launch in 2008.

Triple 888 has a larger interior volume compared to other yachts of a similar length and has the largest flybridge in her class. Built and designed inside and out by Horizon Yachts, Triple 888’s styling is modern and timeless, with Italian wood panelling, cherry wood and white carpets throughout.

Triple 888 offers luxurious accommodation for up to eight guests with a full beam master suite located midships, a double VIP stateroom in the bow and two twin cabins port and starboard. Large crew quarters for four are located aft of the lower deck with private access allowing for excellent yet discreet service.

Out on deck, motor yacht Triple 888 offers a very large semi-covered sun deck which is perfect for socialising or entertaining. It is equipped with a jacuzzi surrounded by sunpads, a barbeque and bar underneath the hard top.

On Triple 888’s main aft deck, there is a spot for al fresco dining or simply lounging, whilst steps leading down to the bathing platform offer ease of access to her impressive collection of water toys, including dive gear, a 60hp Yamaha jet-ski and 4.5m RIB tender.

Fitted with stabilisers, Triple 888 is a very stable yacht both underway and at anchor.

Following a recent refit in 2016/17, she now comes complete with a fully serviced engine and generator. Boasting low engine hours, Triple 888’s twin 1550hp Caterpillar engines enable her to cruise at 14 knots and reach top speeds of 20 knots.

Main Features:

• Largest flybridge in class
• Immaculate condition
• Impressive toy collection
• Stabilisers
• Refit in 2016/17
• Low engine hoursa

EUR 3,600,000

GUESTS: 22|CABINS: 11|CREW: 31

Specifications

Exterior Design

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Triple 888 Eight

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TRIPLE 888 EIGHT YACHT CHARTER

28.91m  /  94'10   horizon   2008 / 2016.

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Cabin Configuration

The 29.6m/97'1" motor yacht 'Triple 888 Eight' by the Taiwanese shipyard Horizon offers flexible accommodation for up to 8 guests in 4 cabins.

For outdoor living nonpareil, Triple 888 Eight is the number one choice, offering a variety of spacious living areas and fabulous amenities, vacations aboard this yacht are sure to be nothing short of spectacular.

Guest Accommodation

Built in 2008, Triple 888 Eight offers guest accommodation for up to 8 guests in 4 suites comprising a master suite, one VIP cabin and two twin cabins. She is also capable of carrying up to 4 crew onboard to ensure a relaxed luxury yacht charter experience.

Onboard Comfort & Entertainment

A charter on Triple 888 Eight is comfortable and convenient thanks to the provided amenities such as a deck jacuzzi, perfect to enjoy the scenery with your favourite drink in hand.

Triple 888 Eight benefits from some excellent features to improve your charter such as air conditioning to keep your comfortable throughout your charter.

Performance & Range

Built with a GRP hull and GRP superstructure, she benefits from a semi-displacement hull to provide exceptional seakeeping and impressive speeds. Powered by twin Caterpillar engines, she comfortably cruises at 14 knots, reaches a maximum speed of 20 knots.

Triple 888 Eight knows a thing or two about fun on the water, with a selection of water toys and accessories for you and your guests to enjoy whilst on charter. You'll be loving the huge adrenaline rush as you zip over the water on one of the WaveRunners. In addition there are towable toys offering fun and adventure. Also there are waterskis that are hugely entertaining whether you are a beginner or a seasoned pro. If that isn't enough Triple 888 Eight also features wakeboards, scuba diving equipment and paddleboards. When it's time to travel from land to see, it couldn't be easier with a 11m/36'1" Gulf Craft Tender.

Based in the magical waters of the South Pacific all year round Triple 888 Eight is ready for your next luxury yacht charter. Let Triple 888 Eight Discover the magical places, food and experiences of the the South Pacific.

Motor yacht Triple 888 Eight boasts an impressive array of outstanding amenities for truly out-of-this-world charter vacations that you’ll never forget.

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Amenities & Entertainment

For your relaxation and entertainment Triple 888 Eight has the following facilities, for more details please speak to your yacht charter broker.

Triple 888 Eight is reported to be available to Charter with the following recreation facilities:

• 11m  /  36'1 Gulf Craft 36CC Tender with 2 x Suzuki 325 HP engines

For a full list of all available amenities & entertainment facilities, or price to hire additional equipment please contact your broker.

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For a full list of all available amenities & entertainment facilities, or price to hire additional equipment please contact your broker.

'Triple 888 Eight' Charter Rates & Destinations

Summer Season

May - September

$60,000 p/week + expenses

High Season

$70,000 p/week + expenses

Cruising Regions

South Pacific Australia, Fiji, French Polynesia, New Caledonia, Papua New Guinea

HOT SPOTS:   Sydney, Whitsundays

Winter Season

October - April

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Sanctioned Russian oligarch’s megayacht hides in a UAE creek

The 118-meter (387-foot) Motor Yacht A belonging to Russian oligarch Andrey Melnichenko is anchored in the port of Ras al-Khaimah, United Arab Emirates, Tuesday, May 31, 2022. In the dusty, northern-most sheikhdom of the United Arab Emirates, Motor Yacht A, one of the world’s largest yachts, sits in the quiet port — so far avoiding the fate of other luxury vessels linked to sanctioned Russian oligarchs. (AP Photo/Kamran Jebreili)

This satellite image from Planet Labs PBC shows Motor Yacht A, belonging to Russian oligarch Andrey Melnichenko, moored in Ras al-Khaimah, United Arab Emirates, May 12, 2022. In the dusty, northern-most sheikhdom of the United Arab Emirates, Motor Yacht A, one of the world’s largest yachts, sits in the quiet port — so far avoiding the fate of other luxury vessels linked to sanctioned Russian oligarchs. (Planet Labs PBC via AP)

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RAS AL-KHAIMAH, United Arab Emirates (AP) — In the dusty, northern-most sheikhdom of the United Arab Emirates, where laborers cycle by rustic tea shops, one of the world’s largest yachts sits in a quiet port — so far avoiding the fate of other luxury vessels linked to sanctioned Russian oligarchs.

The display of lavish wealth is startling in one of the UAE’s poorest emirates, a 90-minute drive from the illuminated high-rises of Dubai. But the 118-meter (387-foot) Motor Yacht A’s presence in a Ras al-Khaimah creek also shows the UAE’s neutrality during Russia’s war on Ukraine as the Gulf country remains a magnet for Russian money and its oil-rich capital sees Moscow as a crucial OPEC partner .

Since Russian tanks rolled into Ukraine, the seven sheikhdoms of the Emirates have offered a refuge for Russians, both those despairing of their country’s future as well as the mega-wealthy concerned about Western sanctions .

While much of the world has piled sanctions on Russian institutions and allies of President Vladimir Putin, the Emirates has not. It also avoids overt criticism of the war, which government readouts still refer to as the “Ukraine crisis.”

The Motor Yacht A belongs to Andrey Melnichenko, an oligarch worth some $23.5 billion, according to Forbes. He once ran the fertilizer producer Eurochem and SUEK, one the the world’s largest coal companies.

The European Union in March included Melnichenko in a mass list of sanctions on business leaders and others described as close to Putin. The EU sanctions noted he attended a Feb. 24 meeting Putin held the day of the invasion.

“The fact that he was invited to attend this meeting shows that he is a member of the closest circle of Vladimir Putin and that he is supporting or implementing actions or policies which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine, as well as stability and security in Ukraine,” the EU said at the time.

Melnichenko resigned from the corporate positions he held in the two major firms, according to statements from the companies. However, he has criticized Western sanctions and denied being close to Putin.

Melnichenko could not be reached for comment through his advisers.

Already, authorities in Italy have seized one of his ships — the $600 million Sailing Yacht A. France, Spain and Britain as well have sought to target superyachts tied to Russian oligarchs as part of a wider global effort to put pressure on Putin and those close to him.

But the $300 million Motor Yacht A so far appears untouched. It flew an Emirati flag on Tuesday when Associated Press journalists observed the ship. Two crew members milled around the deck.

The boat’s last recorded position on March 10 put it off the Maldives in the Indian Ocean, just over 3,000 kilometers (1,860 miles) from Ras al-Khaimah. Satellite images from Planet Labs PBC analyzed by the AP show the vessel in Ras al-Khaimah’s creek beginning March 17, a week later.

The Financial Times first reported on the ship’s presence in the UAE .

Authorities in Ras al-Khaimah did not respond to a request for comment on the yacht’s presence. The UAE’s Foreign Ministry did not answer questions about the ship, but said in a statement to the AP that it takes “its role in protecting the integrity of the global financial system extremely seriously.”

But so far, the UAE has taken no such public action targeting Russia. The country abstained on a U.N. Security Council vote in February condemning Russia’s invasion , angering Washington.

The neutral response may stem from “the financial gain we’re seeing in Dubai in terms of new tourist arrivals, and Russian efforts to move assets and buy property,” said Karen Young, a senior fellow at the Washington-based Middle East Institute.

The flow of Russian money — both legitimate and shady — is now an open secret in Dubai, where lavish hotels and beaches increasingly bustle with Russian speakers. State-run radio hosts cheerily describe a massive influx.

The UAE became one of the few remaining flight corridors out of Moscow. The Emirati government offered three-month multiple-entry visas upon arrival to all Russians, allowing major companies to easily transfer their employees from Moscow to Dubai. The private jet terminal at Al Maktoum International at Dubai World Central has seen a 400% spike in traffic, the airport’s CEO recently told the AP .

Real estate agents have reported a surge of interest from Russians seeking to buy property in Dubai , particularly in the skyscrapers of Dubai Marina and villas on the Palm Jumeirah.

For those who want to move to the UAE, buying high-end property also helps secure a visa.

“Business is booming right now,” said Thiago Caldas, CEO of the Dubai-based property firm Modern Living, which now accepts cryptocurrency to facilitate sales with new Russian clients. “They have a normal life and don’t face restrictions.”

Caldas said inquiries from Russian clients in Dubai have multiplied by over 10 since the war, forcing his firm to hire three Russian-speaking agents to deal with the deluge.

With sanctions on Russian banks and businesses thwarting many citizens’ access to foreign capital, Russians are increasingly trying to bypass bank transfers through digital currencies in Dubai, said two cryptocurrency traders in the city, where they’re able to liquidate large sums of cash.

“It’s a safe haven. … The inflow from Russian accounts skyrocketed 300% days after the war in Ukraine began,” said a Russian crypto trader in Dubai, who spoke like the other on condition of anonymity for fear of reprisals.

Meanwhile, Abu Dhabi’s Mubadala state investment company remains among the most active sovereign wealth funds in Russia, along with those of China and Qatar, according to calculations by Javier Capapé of IE University in Spain for the AP.

But pressure is growing. Late on Tuesday, the U.S. Embassy in Abu Dhabi posted a strongly worded video message in solidarity with Ukraine featuring local ambassadors from the world’s leading democracies as Russia’s foreign minister visits the region.

“We are united against Russia’s unjustifiable, unprovoked and illegal aggression,” said Ernst Peter Fischer, Germany’s ambassador to the UAE.

Follow Isabel DeBre and Jon Gambrell on Twitter at www.twitter.com/isabeldebre and www.twitter.com/jongambrellAP.