bellissima jaluit yacht

672 Wine Club

• Motorcycles
• Car of the Month
• Destinations
• Men’s Fashion
• Watch Collector
• Art & Collectibles
• Vacation Homes
• Celebrity Homes
• New Construction
• Home Design
• Electronics
• Fine Dining
• Benchmark Wines
• Brian Fox Art
• Chase United
• Disneyland Resort
• Gateway Bronco
• Royal Salute
• Sports & Leisure
• Health & Wellness
• Best of the Best
• The Ultimate Gift Guide

Meet Bellissima, a New 130-Foot Italian Superyacht That Lives Up to Its Name

The newly launched vessel is the flagship model in riva’s flybridge range., rachel cormack.

Digital Editor

Rachel Cormack's Most Recent Stories

• Chanel Now Owns a 25% Stake in Swiss Watchmaker MB&F

This Revamped 161-Foot Trinity Superyacht Could Be Yours for $16 Million

• This Blinged-Out Patek Philippe Nautilus Was Seized by U.K. Police. Now It’s up for Auction.
• Share This Article

Riva ’s new fleet member proves that big and beautiful are not mutually exclusive.

The elegant superyacht, which left the Italian builder’s La Spezia yard on Thursday, spans an imposing 130 feet and is the largest model in Riva’s flybridge range. Fittingly, it’s also the new flagship of the series.

Named after the Italian word for “very beautiful,” the Bellissima is a looker, too, showcasing expert craftsmanship, the latest technology and high design. The model was penned by Mauro Micheli of Officina Italiana Design. The Italian firm, which Micheli founded with Sergio Beratta in the late ‘90s, has designed all of Riva’s yachts for the past 27 years. The Ferretti Group (Riva’s parent company) also had a hand in the design, of course.

Related Stories

• First Drive: This 1968 Mercedes-Benz ‘Pagoda’ SL Is an EV Restomod That’s Better Than the Original
• Acura Is Working on an All-Electric Sports Car to Replace the NSX
• BMW Just Sold More EVs In Europe Than Tesla for the First Time

The Bellissima is characterized by a sleek planing hull and three simple lines that run from tip to tail. Similar to a sports car, the yacht features air intake grills, carbon fiber detailing and a dynamic hard top. It also sports extensive glazed surfaces that ensure the interiors get plenty of natural light.

With a wide body and a beam of roughly 26 feet, the Bellissima affords a generous amount of space onboard. In fact, Riva says it’s the first yacht in the range to have three “real decks” while also remaining under 300 GT. At the heart of the vessel, the main saloon offers sweeping 270-degree views, ceilings of over six feet and handsome rosewood accents. The lavish owner’s suite is located on the main deck, while four guest cabins with en suites sit on the lower deck.

Outside, the flagship’s redesigned stern area is lower and closer to the water. Spanning 645 square feet, it houses a large beach club and a cockpit. On the upper deck, meanwhile, there’s a dining area for 10 and two private balconies. Above this, the sundeck is the perfect place for cocktails. Elsewhere, there is a lounge and sun pad in the bow, along with a garage in the port-side hull for a Jet Ski, tender and seabob.

At 130 feet, Bellissima is the largest model in Riva’s flybridge range.  Riva

As for grunt, the Bellissima is powered by twin MTU engines that give her an estimated top speed of 22.5 knots and a cruising speed of 20 knots.

“When you see a Riva cruising on the water, a Riva Bellissima, everything stops and you can pause the world to enjoy a tailor-made miracle, an aesthetic experience that words can’t describe,” Ferretti Group CEO Alberto Galassi said in a statement .

Following sea trials, the Italian beauty will be delivered to her American owner.

Rachel Cormack is a digital editor at Robb Report. She cut her teeth writing for HuffPost, Concrete Playground, and several other online publications in Australia, before moving to New York at the…

Read More On:

• Ferretti Group

More Marine

Rescuers Find Remaining Missing Aboard the Sunken ‘Bayesian’ Superyacht 

Tech Mogul Mike Lynch and 5 Others Are Missing After a Yacht Sinks in Italy

A Fleet of Candela’s Electric Foiling Yachts Is Rolling Out to the Red Sea in 2025

Meet the Wine Club That Thinks Differently.

Receive editor-curated reds from boutique California producers four times a year.

Give the Gift of Luxury

Latest Galleries in Marine

‘La Dea II’ Superyacht in Photos

12 Must-See Yacht Debuts at This Year’s Cannes Fest

More from our brands, what was kamala harris trying to relay with her chloé designer suit at the dnc, diamond sports group reaches deals with nba, nhl, kamala harris’ speech boosts dnc to 26.2 million viewers on final night, christie’s first sale at new asia headquarters led by $35 m. monet, the best yoga mats for any practice, according to instructors.

Please use a modern browser to view this website. Some elements might not work as expected when using Internet Explorer.

• Landing Page
• Luxury Yacht Vacation Types
• Corporate Yacht Charter
• Tailor Made Vacations
• Luxury Exploration Vacations
• View All 3697
• Motor Yachts
• Sailing Yachts
• Classic Yachts
• Catamaran Yachts
• Filter By Destination
• More Filters
• Latest Reviews
• Charter Special Offers
• Destination Guides
• Inspiration & Features
• Mediterranean Charter Yachts
• France Charter Yachts
• Italy Charter Yachts
• Croatia Charter Yachts
• Greece Charter Yachts
• Turkey Charter Yachts
• Bahamas Charter Yachts
• Caribbean Charter Yachts
• Australia Charter Yachts
• Thailand Charter Yachts
• Dubai Charter Yachts
• Destination News
• New To Fleet
• Charter Fleet Updates
• Special Offers
• Industry News
• Yacht Shows
• Corporate Charter
• Finding a Yacht Broker
• Charter Preferences
• Questions & Answers
• Add my yacht

NOT FOR CHARTER *

This Yacht is not for Charter*

SIMILAR YACHTS FOR CHARTER

View Similar Yachts

Or View All luxury yachts for charter

• Luxury Charter Yachts
• Motor Yachts for Charter

Riva 130 Bellissima

• Amenities & Toys

RIVA 130 BELLISSIMA yacht NOT for charter*

39.63m  /  130' | riva | 2022.

Owner & Guests

Cabin Configuration

• Previous Yacht

Special Features:

• Built in 2022
• RINA (Registro Italiano Navale) classification
• Interior design from Officina Italiana Design
• Designed for waterfront living with beach club
• Cruising speed of 23 knots

The 39.63m/130' motor yacht 'Riva 130 Bellissima' was built by Riva in Italy at their La Spezia shipyard. Her interior is styled by Italian designer design house Officina Italiana Design and she was delivered to her owner in August 2022. This luxury vessel's exterior design is the work of Officina Italiana Design.

Guest Accommodation

Riva 130 Bellissima has been designed to comfortably accommodate up to 10 guests in 5 suites. She is also capable of carrying up to 7 crew onboard to ensure a relaxed luxury yacht experience.

Onboard Comfort & Entertainment

Her features include beach club, WiFi and air conditioning.

Range & Performance

Built with a carbon fibre hull and carbon fibre superstructure, with teak decks, she has impressive speed and great efficiency thanks to her planing hull. Riva 130 Bellissima comfortably cruises at 23 knots, reaches a maximum speed of 26 knots. Her low draft of makes her primed for accessing shallow areas and cruising close to the shorelines. She was built to RINA (Registro Italiano Navale) classification society rules.

*Charter Riva 130 Bellissima Motor Yacht

Motor yacht Riva 130 Bellissima is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.

Riva 130 Bellissima Yacht Owner, Captain or marketing company

'Yacht Charter Fleet' is a free information service, if your yacht is available for charter please contact us with details and photos and we will update our records.

Riva 130 Bellissima Photos

NOTE to U.S. Customs & Border Protection

Specification

M/Y Riva 130 Bellissima

SIMILAR LUXURY YACHTS FOR CHARTER

Here are a selection of superyachts which are similar to Riva 130 Bellissima yacht which are believed to be available for charter. To view all similar luxury charter yachts click on the button below.

40m | Benetti

from $165,000 p/week

37m | Couach

from $118,000 p/week ♦︎

42m | Benetti

from $193,000 p/week ♦︎

40m | Dynamiq

from $107,000 p/week ♦︎

43m | Yildiz Shipyard

from $236,000 p/week ♦︎

40m | Sunseeker

from $175,000 p/week

37m | Benetti

from $160,000 p/week

Alpha Waves

41m | Benetti

from $225,000 p/week

37m | Numarine

from $155,000 p/week

36m | Sanlorenzo

from $128,000 p/week ♦︎

from $161,000 p/week ♦︎

from $144,000 p/week ♦︎

As Featured In

The YachtCharterFleet Difference

YachtCharterFleet makes it easy to find the yacht charter vacation that is right for you. We combine thousands of yacht listings with local destination information, sample itineraries and experiences to deliver the world's most comprehensive yacht charter website.

San Francisco

• Like us on Facebook
• Follow us on Twitter
• Follow us on Instagram
• Find us on LinkedIn
• Add My Yacht
• Affiliates & Partners

Popular Destinations & Events

• St Tropez Yacht Charter
• Monaco Yacht Charter
• St Barts Yacht Charter
• Greece Yacht Charter
• Mykonos Yacht Charter
• Caribbean Yacht Charter

Featured Charter Yachts

• Maltese Falcon Yacht Charter
• Wheels Yacht Charter
• Victorious Yacht Charter
• Andrea Yacht Charter
• Titania Yacht Charter
• Ahpo Yacht Charter

Receive our latest offers, trends and stories direct to your inbox.

Please enter a valid e-mail.

Thanks for subscribing.

Search for Yachts, Destinations, Events, News... everything related to Luxury Yachts for Charter.

Yachts in your shortlist

• en it 中文 es ru fr pt ja de
• discover the legend history lifestyle riva destinations Riva - The movies
• yachts Open Sportfly flybridge dealer network Preowned
• superyachts division 50 metri 54 metri project a vision come true
• news and events
• store riva boutique scale models

January 30 2023

Riva 130' Bellissima: the “Riva fleet flagship” enters the water for the second time.  

Built in the new Riva shipyard in La Spezia, the second hull of the largest flybridge in the range has a European owner.     La Spezia, January 30, 2023 – Born out of skilled hand craftsmanship, avant-garde design and advanced marine technology, Riva 130’ Bellissima is a magnificent flybridge yacht with an overall length of 40 meters, and the perfect blend of power and elegance: a work of art that is “Bellissima” in both name and fact.   The second unit built of Riva’s flagship model was launched on behalf of a European owner last Friday in La Spezia , in the shipyard dedicated to the production of Riva yachts from 70 to 130 feet. After recently undergoing major expansion and architectural restyling work, the La Spezia yard now extends over a total surface area of more than 39,000 square meters , of which 17,000 under cover. The facility also includes three buildings containing eighteen assembly stations, plus six equipped for testing. The production site also has a 300-tonne travel lift and two of the largest advanced technology painting systems in Europe. The launch also saw the official opening of the new wing of the facility reserved for owner hospitality . Representing a further optimization of the services offered to guests, it joins 26 yacht berths , with two docks under cover, ensuring optimal conditions for work and delivery to owners in any season.   Riva 130’ Bellissima has exterior styling and interiors by Mauro Micheli and Sergio Beretta , founders of Officina Italiana Design , the design firm behind all Riva’s yachts for the last 27 years, working in partnership with the P roduct Strategy Committee led by Piero Ferrari , and the Ferretti Group Engineering Department .    With an overall length of over 40 meters and a beam of 8 meters, Riva 130’ Bellissima is the first planing flybridge in the range to extend across three real decks, with a full-wide-body design and generous volumes in every setting, while remaining under 300 GT and maintaining sleek, elegant lines.   “The name Bellissima perfectly expresses the spirit of this boat, a true work of art that has been a huge success on all four continents,” said Ferretti Group CEO Alberto Galassi. “With her sporty but at the same time extremely elegant lines, Riva 130’ Bellissima is the dream yacht of every owner in search of outstanding cruising performance combined with the feeling of being at home.”   “Riva 130’ Bellissima is designed to be superlative and on entering the water becomes even more beautiful, powerful and poetic, like the boats that have written the brand’s history,” continues Alberto Galassi. “The success this model is reporting is a credit to Riva's commitment to always designing boats that navigate both in legend and in the future.”   Carbon fiber, steel and glass are the distinctive elements of the hull design, which features three simple lines running along the silhouette : two black strokes along the yacht’s silvery side define the hull windows, while the windshield, made with spherical crystals, has the characteristic slight forward rake already used on the Riva 48’ Dolceriva. Aft, the all-glass fashion plates enhance the aerodynamics and elegance of the yacht, while the carbon fiber detailing and the hardtop with its quintessentially sporty style add dynamism and personality.   The outdoor areas are optimized to fully experience close contact with the water: the stern area, set low and open to the water, is divided into a large beach club and a cockpit of over 60 square metres. Forward, guests can choose between a lounge, a large sun pad and other intimate and inviting spaces. The exterior spaces are rounded out by an alfresco dining area, accommodating up to ten people on the upper deck, and a relaxation area on the sundeck.   Inside, Riva 130’ Bellissima offers spacious, light-filled settings, thanks to the large glazed surfaces extending along the full length of the main and upper decks. The interior design is contemporary, pointed up by elements made from steel, polished wood and leather, and achieves the perfect balance between celebrating tradition and reaching into the future. The star feature of Riva 130’ is the large lounge on the main deck: with a 270-degree panoramic view and a height of over 2 meters , this one-of-a-kind space features an imposing staircase with polished marble steps that not only connects the decks, but is also a magnificent architectural element. The cabin layout puts the master suite on the main deck and four cabins on the lower deck , separated by a large lobby and all with en suite bathrooms. The crew area, made up of three cabins with bathrooms and a large living area, is forward, with reserved entrances and walkways to ensure the utmost privacy and tranquility for both the owner and guests.   Riva 130’ Bellissima is powered by twin MTU 16V 2000 M96L engines rated 2,638 mhp each, giving her a top speed of 22,5 knots and a cruising speed of 20 knots.  

• Press Center
• Riva anniversary
• Whistleblowing Reports

Ferretti S.p.A.

Tax code and VAT no. 04485970968 Registered Office Via Irma Bandiera, 62 – 47841 Cattolica (RN) Italy REA no. RN 296608 - Companies Register no. 04485970968 Share capital € 338.482.654,00 fully paid-up PEC: [email protected]

Cookies on our site

For more information

Cookie Center

This website uses technical cookies, which are necessary for you to browse it and which help us to provide the service. With your consent, we use profiling cookies to offer you an increasingly agreeable browsing experience, to facilitate interaction with our social-media features, and to enable you to receive marketing messages tailored to your browsing habits and interests. To accept all profiling cookies, click ACCEPT ; to decline, click REFUSE . For more information about the cookies we use, please see our Cookie Policy.

always active

BELLISSIMA Baglietto

• Inspiration

BELLISSIMA has 12 Photos

BELLISSIMA News

Brand new Riva 130′ flagship yacht ...

Similar yachts.

KINTARO | From EUR€ 85,000/wk

• Yachts >
• All Yachts >
• All Motor Yachts Over 100ft/30m >

If you have any questions about the BELLISSIMA information page below please contact us .

A Summary of Motor Yacht BELLISSIMA

The motor yacht BELLISSIMA is a 38 m 125 (ft) well proportioned aluminium boat which was developed by Baglietto and designed by Baglietto and Paszkowski. Launched to celebration for 2003 the recent interior decoration proffers the talents which are originating from Paszkowski and the owner who commissioned the yacht.

The Construction & Yacht Design relating to Luxury Yacht BELLISSIMA

Baglietto design was the naval architect firm involved in the formal superyacht plans for BELLISSIMA. Her interior design was completed by Paszkowski. Baglietto and Paszkowski is also associated with the yacht wider design collaboration for this boat. Created at Baglietto the vessel was fabricated in Italy. She was successfully launched in Varazze in 2003 before being delivered to the owner. Her hull was built out of aluminium. The motor yacht superstructure is made mostly using aluminium. With a beam of 7.8 m or 25.6 ft BELLISSIMA has reasonable room. She has a reasonably shallow draught of 2.35m (7.7ft). She had refit improvement and modification completed by 2008.

M/Y BELLISSIMA Engines And Performance:

Powered by twin MTU diesel main engines, BELLISSIMA is able to attain a high speed of 30 knots. BELLISSIMA is propelled by twin screw propellers. She also has an efficient range of 1000 miles when motoring at her cruising speed of 27 knots. Her total HP is 5550 HP and her total Kilowatts are 4084.

The Guest Accommodation On Aboard Superyacht BELLISSIMA:

The good sized luxury yacht M/Y BELLISSIMA is able to accommodate a total of 6 guests and has 4 crew.

A List of the Specifications of the BELLISSIMA:

Further Information On The Yacht

She has a teak deck.

BELLISSIMA Disclaimer:

The luxury yacht BELLISSIMA displayed on this page is merely informational and she is not necessarily available for yacht charter or for sale, nor is she represented or marketed in anyway by CharterWorld. This web page and the superyacht information contained herein is not contractual. All yacht specifications and informations are displayed in good faith but CharterWorld does not warrant or assume any legal liability or responsibility for the current accuracy, completeness, validity, or usefulness of any superyacht information and/or images displayed. All boat information is subject to change without prior notice and may not be current.

Quick Enquiry

"We have the honour and burden of having to preserve some of Baglietto’s historical elements and stylistic features, while also reviving and renovating the fiery, passionate spirit that has made this brand truly special over the decades,” - Comments founder Federico Santa Maria

LEVERAGE | From US$ 105,000/wk Special

PURSUIT | From US$ 95,000/wk

INDIGO STAR I | From EUR€ 88,000/wk

Find anything, super fast.

• Destinations
• Documentaries

We don't have any additional photos of this yacht. Do you?

Motor Yacht

Bellissima is a custom motor yacht launched in 2004 by Baglietto .

The Baglietto brand is symbolic of bespoke Italian leadership, style, and over 160 years of heritage.

Bellissima measures 38.81 metres in length, with a max draft of 2.95 metres and a beam of 7.92 metres. She has a gross tonnage of 258 tonnes. She has a deck material of teak.

Bellissima has an aluminium hull with an aluminium superstructure.

Her interior design is by William Dailey.

Bellissima also features naval architecture by Baglietto .

Performance and Capabilities

Bellissima has a top speed of 30.00 knots and a cruising speed of 25.00 knots. She is powered by a twin screw propulsion system.

Bellissima has a fuel capacity of 32,930 litres, and a water capacity of 3,900 litres.

She also has a range of 1,000 nautical miles.

Accommodation

Bellissima accommodates up to 10 guests in 5 cabins. She also houses room for up to 4 crew members.

Other Specifications

Bellissima has a hull NB of 10183.

Bellissima is an ABS class yacht. She flies the flag of Marshall Islands.

• Yacht Builder Baglietto View profile
• Naval Architect Baglietto View profile
• Exterior Designer Francesco Paszkowski No profile available
• Interior Designer William Dailey No profile available

Yacht Specs

Other baglietto yachts, related news.

• Frank Magazine
• Denison History
• Virtual Tours
• Alaskan Yachts
• Azimut Yachts
• Back Cove Yachts
• Beneteau Yachts
• Benetti Superyachts
• Bertram Yachts
• Boston Whaler
• Broward Yachts
• Buddy Davis Sportfish
• Burger Yachts
• Cabo Yachts
• Carver Motoryachts
• Center Console
• Chris-Craft Yachts
• Cruisers Yachts
• DeFever Trawlers
• Dufour Sailboats
• Fairline Yachts
• Feadship Yachts
• Ferretti Yachts
• Formula Yachts
• Fountaine Pajot Cats
• Grady-White
• Grand Banks Trawlers
• Hargrave Yachts
• Hatteras Yachts
• Hinckley Picnic Boats
• Horizon Yachts
• Hydra-Sports
• Intrepid Boats
• Jarrett Bay Sportfish
• Jeanneau Yachts
• Kadey-Krogen Trawlers
• Lazzara Yachts
• Luhrs Sportfish
• Marlow Yachts
• Maritimo Yachts
• Marquis Yachts
• McKinna Motoryachts
• Meridian Yachts
• Midnight Express
• Mochi Craft
• Neptunus Motoryachts
• Nordhavn Trawlers
• Nordic Tugs
• Ocean Alexander Yachts
• Offshore Yachts
• Oyster Sailing Yachts
• Pacific Mariner Yachts
• Palmer Johnson Yachts
• Pershing Yachts
• Prestige Yachts
• Princess Yachts
• Pursuit Yachts
• Riva Yachts
• Riviera Yachts
• Sabre Downeast
• San Lorenzo Yachts
• Sea Ray Boats
• SeaVee Central Consoles
• Selene Trawlers
• Scout Yachts
• Sunseeker Yachts
• Tiara Yachts
• Trinity Superyachts
• Viking Yachts
• Westport Yachts

BELLISSIMA Yacht for Sale

128' baglietto | 2003 | $4,200,000.

• Yachts for sale
• superyachts

Last updated Jul 16, 2024

Bellissima Yacht | 128' Baglietto 2003

Bellissima is part of a remarkable high-performance line of Baglietto Fast Fly super yachts.  This exotic 38.8m (128ft) planing yacht was methodically designed by Francesco Paszkowski and William Dailey.  She was constructed entirely of aluminum in La Spezia, Italy embodying the sea with a royal blue hull and metallic silver superstructure.  Bellissima is powered by twin turbo MTU 4000 V12 main engines to push an exhilarating, yet astonishingly smooth 26 knot cruising speed and 30 knot top speed.  She can comfortably travel non-stop from San Diego, CA to Cabo San Lucas, Mexico in 1.5 days.   

    Her elegant interior has accommodations for up to 10 guests comfortably in five ensuite staterooms and can carry up to six crew in three cabins forward.  The one and only owner has adored her for the last 20 years since being commissioned.  She has been blessed with extensive annual shipyard periods under the close watch of the current Captain who has been behind the helm for the last eight years.

As you enter the salon, dual sliding glass doors immerse you into a timeless taste of Italy felt throughout a voluminous interior. The flush deck salon flows effortlessly forward incorporating a full wet bar, card table, and formal dining arrangement.  The beautiful furnishings and large windows invite you to indulge yourself on the main deck and take pleasure in a luxurious yachting experience.        

On the aft deck, she has an al fresco dining space and convenient access to the beach club.  There are two grand staircases forward that lead you to the flybridge.  One of Bellissima's most appealing entertainment spaces is her sundeck.  The sundeck offers an array of circular settees, a wet bar central with an integrated retractable awning and customized JL audio system.

At the stern, state of the art, multi-color underwater lights set the mood and compliment a transom that converts to a fully functional beach club with stowage for all your toys, dive equipment and easy boarding access to the tender.  

Bellissima is a Marshall Islands Flag vessel and built according to ABS A1 Yachting Service Classification, AMS Unrestricted Navigation.  

Notable Remarks:

• Single Owner Yacht
• Royal Blue Awlgrip Topsides

$400,000 exterior paint refit 2019/2022

Upgraded Simrad Navigation Electronics 2023

1000 nautical mile cruising range at 26 knots

• Stunning lines and remarkable performance

Vessel LED lighting conversion 2023

• Yacht Controller
• 26 knot cruising speed
• Annual yard periods
• Starlink Wi-Fi

Deck Highlights:

• Aluminum construction 
• Royal Blue HDT Awlgrip Hull and Bulwarks
• Metallic Silver Awlgrip Superstructure
• $400,000 exterior paint refit – 2019/2022
• Full walk around exterior
• Teak decks recently refinished & recalked
• Teak decks sealed twice annually
• New Palagi LED courtesy and overhead deck lights – 2021
• Upgraded LED Anodized Aluminum Lopo Navigation lights
• Anodized Aluminum Lopolight LED burgee light
• Custom teak inlay bow seating 
• New Dock lines – 8/2023
• JL Audio Bow Deck Speakers with multiple zone control
• Freshwater bow connections
• Multiple boarding areas forward and aft - port and starboard
• Carbon Fiber & teak folding boarding ladder
• Crew & galley interior entrances separate on port side forward
• Convenient port & starboard mid ship interior guest entrances
• Stainless steel flush deck drains
• Ample freeing ports
• Aluminum berthing and mooring bollards
• Engine room access aft on both sides
• Dual Maxwell VC400 vert series aft deck electric capstans
• Motomar hydraulic telescoping Passerelle
• Passerelle and swim platform controls on port aft quarter
• Aft deck JL Audio sound system with remote volume controls
• Port and starboard aft boarding ladder access points
• Aft deck 12-person settee and table
• Dual Ditec electric sliding glass doors - manual or automatic operation
• Aft deck LED overhead mood lighting
• Aft deck main guest entry
• Dual staircases to flybridge
• Aft deck storage lockers - port and starboard
• LED step courtesy lighting
• Aft deck freshwater connections - hot and cold
• Dockside freshwater fill connection to pressurize entire vessel
• Modular storage lockers for jet ski storage and chock deck fittings

Ground Tackle and Anchoring Equipment:

• Dual Maxwell Electric windlasses VWC 6000 vert series
• Two adequate Danforth galvanized anchors
• Telemecanique Anchor windlass remote
• Anchor windlass (manual or remote operation)
• Anchor rode - 125m (410ft) Hot galvanized steel with oversized 16mm stud link chain

Beach Club & Toy Highlights:

• Motomar hydraulic swim platform
• Two F5S Seabobs
• Two E-foil Fliteboards
• Two 11ft VESL All-Arounder Paddleboards
• Hyperlite Wakeboard and wake-surf board with custom storage racks 
• Four Scuba dive tanks
• Zeagle Sport BC/Regulator
• Snorkel equipment 
• Rod holders
• Custom Charging Station for toys and phones 
• Ample storage locker for toys and gear
• Stainless steel staple railings
• Custom foldable stainless steel swim ladder 
• Freshwater Shower with modular fittings 
• Entertainment System 
• Swim platform cleats for stern tie of toys
• LED step lighting

Flybridge & Sundeck Highlights:

• Dual 19" Simrad displays – New 9/2023
• Simrad open array digital radar
• Simrad enclosed 4G radar
• KVH HD7 Gyro Satellite TV Dish
• MTU analog main engine monitoring gauges and controls
• Trim tab, steering, FLIR, ABT trac - redundant systems
• EM-TRAK AIS
• Two Zodiac 8-person life rafts
• Triple Trumpet Horn
• ICOM M424G GPS / VHF
• Four circular settees and convertible sun beds
• Wet bar with three stainless steel stools
• Marble top wet bar with stainless steel sink
• Wet bar Frigidaire mini fridge
• U-line icemaker
• Electric retractable sunshade awning
• Custom teak chairs
• JL Audio sound system
• Two life rings with throw lines & safety lights
• EPIRB ACR GLOBAL FIX - V4
• Four 8D Mastervolt AGM House batteries
• Life jackets and safety equipment storage 
• Courtesy lighting
• Exterior cover storage
• Mast recently painted $50K upgrade – 2022
• Opacmare 800kg hydraulic davit
• 2019 Novurania 460 DL
• Custom raised stainless steel helm bench seat
• Simrad electronics with AIS
• Fusion entertainment controls
• Yamaha 70hp four-stroke outboard
• ICOM M324G GPS / VHF
• Fusion Speakers
• Blue Bimini

Bridge Highlights:

• Riviera Urania compass
• New Simrad touchscreen Electronics Package – 9/2023
• Dual 24'' Simrad navigation displays
• Dual 19'' Simrad navigation displays
• Simrad OP40 controls
• Nobeltec TimeZero Navigation software
• Automatic Identification System (AIS)
• FLIR M400 XR Thermal Infrared Military grade camera -$100K upgrade -2021
• Furuno GP32 - GPS, SOG, COG
• Redundant GPS systems
• Panasonic engine camera systems
• Kahlenburg Horn Control - automated signal navigation operation
• Navel Electric wipers controls
• Opem Trim tab controls & angle indicator
• MTU Digital and Analog engine monitoring displays
• MTU throttle controls
• OPEM Rudder controls
• OPEM steering controls
• SIMRAD AP50 autopilot
• Two Simrad depth & wind displays
• ABT Proportional Bow Thruster
• Generator parallel controls
• NAIAD MARINE Hydraulic Stabilizer Display/Control
• Sanshin HR-102 Articulating Spotlight
• ICOM M602 VHF
• ICOM M802 HF SSB Radio
• Fusion Multimedia Display
• CAME fire alarm & monitoring system
• CAME LED bilge & port hole monitoring indicator
• AC/DC Navigation and Main Engine Electrical Panel
• RULE bilge pump indicator lights and operational switches
• LED overhead lights
• Plush white carpet
• Burgee holder sleeves
• Electric 24V companionway door
• Dual helms (primary and emergency steering, hydraulic and manual)

Salon Highlights:

• Expansive flush main deck layout
• Marble bar top with three stools and stainless-steel sink
• ULine icemaker
• Norcold beverage cooler
• LED overhead lighting
• Courtesy rope lighting
• Bose surround sound & subwoofer
• IPAD enabled smart system
• Yamaha Cinema receiver
• LG Blu-ray player
• Privacy black out shades
• CruiseAir Air Conditioning and Heat
• Circular Stone card table
• New Samsung 65" OLED TV
• DirecTV and Starlink Wi-fi
• Original Italian artwork and elegant lighting
• Schulze Pollmann vintage wooden piano
• Large salon card table with lounge bucket seats
• Glass salon table
• Plush wool carpet
• Custom marble floor inlay with cardinal points artwork
• Dual electric sliding doors

Accommodation Highlights:

• Five well-appointed en-suite staterooms
• Full Beam Master 
• Two staterooms can convert to lounge, playroom or office
• Full bed guest stateroom 
• Twin bed guest stateroom 
• Bright honeycomb high gloss veneer
• Refined stairwell and open foyer to staterooms

Master Stateroom: 

• Full Beam with chaise lounge sofa
• Two ample walk-in cedar lined closets  
• Six Large port lights
• Glass and gold table
• Plush white wool carpet 
• New modular Samsung wall mounted TV
• LED overhead & courtesy lighting - 2023
• Blue marble countertops with gold speckle finishes 
• Large glass door shower with custom gold fittings 
• Jet Electric flush freshwater vacuum heads
• Storage below berth 
• Air conditioning & Heat Controls
• Safety features – hydrant, dry chemical portable extinguisher and smoke detector
• Forward emergency escape hatch
• Separate office desk and Vanity
• Privacy blinds  
• Vimar adjustable light switches 
• LG Blu-ray player 
• 110V outlets

Guest Staterooms (4):

• Exquisite Italian nightstands and table lighting 
• Gold leaf sinks complimented with white marble counter tops
• LG TV with DirecTV in each stateroom
• Timeless Sconce lighting
• Ample size port lights allow for natural light and air flow
• Air conditioning and Heat controls for each zone 
• Wall to ceiling mirrors in Full and twin rooms
• Glossy finish honeycomb veneer
• Gold finish towel holders and fixtures 
• Large showers with cedar lined closets
• 110V outlets 
• Marble floors in each stateroom head
• Drawer storage below berths                          
• Privacy blinds
• Built-in bulkhead storage drawers 

Dining Room Highlights:

• Dinette seats 12 guests
• Custom varnish table with artwork inlay
• Traditional Italian dining chairs 
• Wall to ceiling mirrors
• LED sconce lighting
• Open air flow design 
• Custom glass guest privacy door
• B&G Surround Sound entertainment system
• Ceiling accent rope lighting 
• Privacy curtains

Galley and Crew Mess Highlights:

• Nautical checkered tile floors 
• Stainless steel backsplash 
• Full size crew mess settee & table
• LED lighting and electric Privacy door
• SubZero Beverage Fridge
• Dual stainless steel deep sink wells with adjustable faucet
• Separate electric sinkerator
• Miele four burner glass top 
• Miele Dishwasher 
• One large SubZero Freezer 
• One large SubZero Fridge 
• Magic Chef Microwave 
• Ample Storage 
• LED overhead lighting 
• Two SubZero fridge drawers 
• Two Subzero freezer drawers 
• B&W surround sound speakers 
• Air Conditioning and Heat

Crew Quarters Highlights:

• Accommodates up to six crew
• Captain cabin and two twin bunk cabins
• Ensuite cabins
• Full closets
• Royal navy carpet
• Portable fire extinguishers and Medical Equipment
• CruiseAir Air conditioning and Heat
• Netgear Wi-Fi amplifiers
• LED overhead lighting and courtesy lighting
• Smoke and Fire audible alarms
• Laundry room with full size LG washer and dryer

 Engine & Mechanical Highlights:

• Twin Turbo 2775hp MTU 4000 V12 M90 - 4700hrs. – Serviced every 250hrs.
• Two Kohler 65kW generators (2) - port: 8545 hrs., starboard: 8457 hours - Serviced every 250 hrs.
• ZF BW 4650 Gears – V-drive
• CNB Aquamet 115mm diameter shafts
• Nibral Detra Propellers – 1200mm
• Sea Vision Multi-color Underwater Lights (10) - state of the art IPAD integrated controls - four off stern and three on each side - $60K upgrade - 4/2017
• Motomar hydraulic and controls for telescoping passerelle
• Motomar hydraulic Beach Club transom door
• ATLAS Converter - Ion 6200 - Output 220v 60Hz
• Fore & aft shore power cable connection points 
• HEM Silver Ion Fresh water Sterilizer System - Type HEM SIS B40
• Vessel Spot free water upgrade – portable unit
• Upgraded Main engine block heater system, probes instead of pumps and heaters
• Opem Hydraulic Steering Pump
• Aluminum fresh water tanks - 1700 gallons
• Battery Chargers (2) – SAE 220V & SAE 230V (24V output)
• Portable Dry Chemical extinguishers (2)
• Port & Starboard Diesel Day tanks - 450 gallons each
• Main fuel tanks fore and aft under guest passage area - upgraded dip tapes installed for pressing tanks – fuel level accuracy*
• Upgraded FloScan fuel consumption digital gauges
• MTU Remote start and monitoring displays (LOP) - local operating panel
• Engines detailed and engine chromed to original - 2022
• Upgraded SOS Marine Exhaust Blankets - 2019
• Turbos recently rebuilt
• Gearboxes recently rebuilt
• Dampeners recently serviced
• Carbon shafts recently serviced
• Bearings and Seals replaced annually
• Shafts trued 2-3 times in most recent 8 years
• Propellers balanced 4-5 times in most recent 8 years
• Port side: starting batteries and hot water heater
• Hot water heaters (4)- recently serviced with new elements
• Starboard side: air compressor, starting batteries and house batteries
• Gianneschi oil transfer pump – onboard service mains, gens and gear boxes
• Village Marine Tec Water maker - 60GPH– serviced regularly

Forepeak & Bosun’s Locker Highlights:

• Ample storage for deck equipment with dual entry points
• Large bosun’s locker with access to crew quarters emergency escape hatch
• Easy access to service AC air handlers, rod holders, Snap-on toolboxes, fire suppression equipment & hydrant, air compressor, hot water heaters (2)
• Gianneschi 24V back up fire & bilge pump
• CO2 Portable fire extinguishers
• Compressed air accumulator
• Overhead lighting
• Bow Thruster electrical components
• Glendinning Shore power with automatic cable master

 Electrical storage, spares and access space (midship main deck):

• All Lighting breaker panels 
• Starlink equipment - high performance antenna with mobile roaming
• Luxul router 
• Unifi switch board for all wifi access points
• Auxiliary AIGEAN long range wifi antenna 
• KvH HD7 trac vision
• Electrical distribution panels 
• All original manuals 
• Emergency Backup UPS Eaton batteries for electrical & navigation
• All new spare filters and membranes for Watermaker
• MedAir Medical Equipment 
• AED life saving device
• All new SIMRAD navigation displays ($50K)
• CruisAir individually controlled climate zones
• Portable fire extinguishers

Not for sale to U.S. residents in U.S. waters.

Listed by Newport Yachts, Inc.THIS BOAT IS SUBJECT TO AN EXCLUSIVE LISTING AGREEMENT WITH NEWPORT YACHTS, INC. 603-568-6875 AND IS NOT OFFERED FOR SALE BY DENISON YACHTING. Denison Yachting is merely providing this information in an effort to represent you as a buyer in the purchase of this vessel.

Denison Yacht Sales offers the details of this yacht in good faith but can’t guarantee the accuracy of this information nor warrant the condition of this boat for sale. This yacht for sale is offered subject to prior sale, price change, or withdrawal from that yacht market without notice. She is offered as a convenience by this yacht broker to its clients and is not intended to convey direct representation of a specific yacht for sale.

INQUIRE ABOUT BELLISSIMA

Have questions about this yacht? Fill out the form below and our team of experts will contact you soon.

Your privacy is important to us. Find out how we protect it. Privacy Policy

First-Time Yacht Buyer?

Read our guide to learn the process for buying BELLISSIMA

Bellissima HIGHLIGHTS

• Yacht Details: 128' Baglietto 2003
• Location: Newport Beach, CA
• Engines: MTU
• Last Updated: Jul 16, 2024
• Asking Price: $4,200,000
• Maximum Speed: 30 kn
• Max Draft: 9' 5''

Bellissima additional information

• Cruising Speed: 26 kn
• Beam: 26' 0''
• Hull Material: Aluminum
• Displacement: 516,000 lb
• Fuel Tank: 1 x 8755|gallon
• Fresh Water: 1 x 1700|gallon
• $400,000 exterior paint refit - 2019/2022
• Upgraded Simrad Navigation Electronics - 2023
• 1000NM cruising range
• Vessel LED lighting conversion – 2023

Schedule a Tour of BELLISSIMA

Contact our team to schedule a private showing.

SIMILAR YACHTS FOR SALE View All

144' heesen 1990, fort lauderdale, fl, us, 144' heesen yachts 1990, 139' abeking & rasmussen 2008, 138' custom 2010, turkey, turkey, 138' amels 1987, viareggio, it-lu, italy, other baglietto yachts for sale view all, 135' baglietto 1999, 134' baglietto 2025, la spezia, liguria, la spezia, italia, italy, 82' baglietto 1994, glyfada, greece, baglietto t52 hull #4, 170' baglietto 2024, €36,850,000, la spezia, italy, 171' baglietto 2025, $34,500,000, 156' baglietto 2018, €24,500,000, imperia, it-im, italy, lady maïa, 105' baglietto 2004, dubaï, united arab emirates, price watch.

Love this yacht? Get notified on price reductions and other related updates.

Our Newsletter

Stay informed on all things yachting, including notable sales, industry updates, events, and boating tips with our newsletters.

superyachts News

Read the latest superyachts news and stay up to date on related events.

RELATED SERVICES

LOGIN OR REGISTER

Hi, welcome back.

Login and pick up from where you left off.

Creating an account allows you to save and compare your favorite yachts.

By creating an account you agree to the terms of use and our privacy policy.

• Search Please fill out this field.
• Manage Your Subscription
• Give a Gift Subscription
• Newsletters
• Sweepstakes
• European Cruises

I Cruised the Croatian Coast on a Ship With Just 38 Passengers — Here’s What It Was Like

The small, ultra-luxe 'MV Memories' was the best introduction to Croatia.

The Staterooms

• Bars & Restaurants
• Amenities & Entertainment

Cruise Itineraries

Shore excursions, family-friendly offerings.

Courtesy of Unforgettable Travel Company

Floating in the clear Adriatic near an uninhabited island off Croatia’s coast, I marveled as the sea changed hues from deep blue to turquoise and emerald as it reached the rocky shore. Our daily swimming stops quickly became my favorite part of the cruise, although I also loved arriving at different cities where we could just walk into the town or along the promenade that seemed to be a feature of each harbor. My contemplation of the Adriatic’s color was interrupted by laughter as one of my fellow cruisers gamely struggled once again to stand on his paddleboard, wobbled, and splashed into the sea.

Every morning aboard MV Memories , the captain found a secluded cove for the perfect swim; the Adriatic was cool enough to refresh without feeling chilly for more than the first few seconds. This delightful routine led to our three-course lunch, afternoon cruise time, and arrival at the next port. In some cities, there was a walking tour before we had the late afternoon and evening on our own for exploring and dinner.

Patricia Doherty/Travel + Leisure

Thirty-eight strangers quickly became friends as we mingled at breakfast and lunch tables, learning our fellow travelers’ names and where they were from. We were blessed with sunny, warm weather every day, so afternoons could be spent sunbathing on the upper deck, reading a book, napping on a cushioned lounge, or enjoying a cold gin and tonic in the shade (my choice most days). Arriving at a new city each day was exciting, as medieval towers, ancient city walls, and historic buildings greeted us. Walking tours provided background and an introduction to most of the cities, and then we were on our own for dinner and the evening. How cool it was to stay out late and then just walk back to the waiting ship for the night.

MV Memories instantly became a comfortable and welcoming home-away-from-home for the week, whether in our well-appointed cabin, on the sun deck, or relaxing in a shaded lounge chair. "The vessels we operate were built in 2021, and we’re proud to have the youngest fleet of ships in Croatia. This really enhances the cruising experience for guests as the staterooms they rest their heads in, the dining areas they eat in, and the expansive lounge and sundeck areas around the ship all feel new and modern, like a luxury boutique hotel," Graham Carter, chief commercial officer at Unforgettable Travel Company, told Travel + Leisure.

"Unforgettable specializes in balcony ships, and most of our vessels have upper deck cabins with private balconies, so our guests can relax and watch the islands go by from the comfort of their balcony," Carter added. "We also operate the longest vessels in Croatia, which stand at 170 feet, compared to most vessels in Croatia, which are around 150 feet. This additional space means our cabins are slightly larger than most.”

Dreamer4787/Getty Images/Courtesy of Unforgettable Travel Company

Carter pointed out another advantage of the ship’s size: "The benefit of exploring the Croatian coast on a small vessel like ours is the ability to get into smaller hidden destinations off limits to bigger ships or even yachts. As our vessels are all registered in Croatia, we can dock directly in smaller ports overnight, giving our guests the ability to enjoy excursions and dinner on shore each evening without the rush of having to get back to the ship before it leaves."

Every detail during the week felt both luxurious and comfortably casual at the same time. Each day offered surprises — like an unexpected pizza party one late afternoon — along with what quickly became familiar. Alex and Vlada, our hosts, made everyone feel welcome and pampered, and, like the other guests, felt like old friends by the end of the cruise — which came way too soon. I wholeheartedly agree with Carter’s comment: “We find that guests board as complete strangers, and by the captain’s dinner at the end of the week, it’s like a happy family where everyone knows one another, and they’re swapping phone numbers on the last day.”

Here are more details about our seven-night cruise along the coast of Croatia aboard MV Memories .

MV Memories

• All 19 cabins feature spacious storage, terry cloth robes, showers with great water pressure, convenient charging ports, individual air conditioning controls, and either balconies (11 upper deck) or portholes (eight lower deck).
• For our daily dips in the Adriatic, the main deck platform with two ladders made it easy to dive in and climb out. There were also paddleboards, styrofoam floats, kayaks, and a jet ski for a fun ride with one of the crew.
• The breakfast buffet included fresh fruit, juices, baked goods, eggs, vegetables, meats, pancakes, and a menu offering individually prepared dishes, plus brewed coffee and delicious cappuccino from an excellent (all-day) coffee machine. 
• The two hosts who served breakfast, lunch, and our special dinners, as well as all day and evening cocktails, were excellent, and their hospitality and friendly, professional style created the perfect atmosphere.
• Our Cruise Director was personable, organized, and fun, keeping everyone informed about plans and joining our group for the walking tours and bus trips.

The 19 staterooms each measure between 161 and 183 square feet of efficiently used space. They have a desk, nightstand with two drawers, twin or full beds, spacious closet, small sofa, safe deposit box, life jackets, and a window (or porthole on the lower deck). The bathrooms have a shower, sink, hair dryer, and toilet, and each cabin has individually controlled air conditioning. Free, dependable Wi-Fi is available throughout the ship.

Nearly identical in design, the MV Bellissima and MV Memories , Unforgettable Travel’s Croatia Signature cruise ships, were launched in 2021. They feature state-of-the-art technology and modern design details. MV Memories offers one Superior VIP Deck Cabin and 10 VIP private balcony cabins. MV Bellissima features 11 VIP private balcony cabins; both ships have eight lower deck porthole cabins.

Bars & Restaurants

A buffet breakfast is served daily in the main dining room from 8 until 9:30 a.m.; coffee and tea are available from 7 a.m. There’s a daily three-course lunch with a delicious soup, salad, or risotto starter, main course, and dessert. Two dinners — the welcome dinner and captain’s dinner — are provided, and wine is offered along with meals. A full bar with a lounge area is on the main deck; on the sun deck, there’s a large bar in the shaded area. Dining is informal, with no dress code. Alex, our head bartender, hosted a wine and olive oil tasting aboard the ship one afternoon.

Amenities & Entertainment

During cruising — or anytime on the ship — guests can find lounge chairs, a jacuzzi, and shaded and sunny areas on the upper deck. The main deck features the restaurant and a covered outdoor lounge with sofas. The ships offer many places for sunbathing, quiet time, or gatherings. Board games, playing cards, and novelty games are available for guests.

From May to October, the ships cruise between Split and Dubrovnik with adults-only, seven-night cruises.

Several shore excursions took guests inland from the Adriatic coast to see more of Croatia. We traveled on plush, air-conditioned buses to Krka Waterfalls National Park, the Blue Cave on the Island of Bisevo, Mljet National Park, a winery, and an oyster farm in Ston. In addition, walking tours were offered in Split, Hvar, Old Town Korcula, and Dubrovnik. Tour guides were professional, informative, and entertaining.

The Signature Croatia Cruises are adults only; guests must be at least 18.

Unforgettable Travel Company offers seven-night cruises for $2,295 per person, including breakfast, lunch, private transfers, all excursions, and Wi-Fi. Flights are not included. For further information on 2025 departures, visit https://unforgettabletravel.com/ or call +1-844-879-7838. 

Related Articles

The global authority in superyachting

• NEWSLETTERS
• Yachts Home
• The Superyacht Directory
• Yacht Reports
• Brokerage News
• The largest yachts in the world
• The Register
• Yacht Advice
• Yacht Design
• 12m to 24m yachts
• Monaco Yacht Show
• Builder Directory
• Designer Directory
• Interior Design Directory
• Naval Architect Directory
• Yachts for sale home
• Motor yachts
• Sailing yachts
• Explorer yachts
• Classic yachts
• Sale Broker Directory
• Charter Home
• Yachts for Charter
• Charter Destinations
• Charter Broker Directory
• Destinations Home
• Mediterranean
• South Pacific
• Rest of the World
• Boat Life Home
• Owners' Experiences
• Conservation and Philanthropy
• Interiors Suppliers
• Owners' Club
• Captains' Club
• BOAT Showcase
• Boat Presents
• Events Home
• World Superyacht Awards
• Superyacht Design Festival
• Design and Innovation Awards
• Young Designer of the Year Award
• Artistry and Craft Awards
• Explorer Yachts Summit
• Ocean Talks
• The Ocean Awards
• BOAT Connect
• Between the bays
• Golf Invitational
• BOATPro Home
• Superyacht Insight
• Global Order Book
• Premium Content
• Product Features
• Testimonials
• Pricing Plan
• Tenders & Equipment

BELLISSIMA is a 31.4 m Motor Yacht, built in Italy by Azimut and delivered in 2007. She is one of 29 105 models.

Her top speed is 28.0 kn, her cruising speed is 25.0 kn, and she boasts a maximum cruising range of 700.0 nm at 14.0 kn, with power coming from two MTU diesel engines. She can accommodate up to 6 guests in 3 staterooms, with 5 crew members waiting on their every need. She has a gross tonnage of 193.0 GT and a 7.4 m beam.

She was designed by Stefano Righini , who has designed 908 other superyachts in the BOAT Pro database.

The naval architecture was developed by Azimut , who has architected 654 other superyachts in the BOAT Pro database, and the interior of the yacht was designed by Carlo Galeazzi , who has 311 other superyacht interiors designed in the BOAT Pro database - she is built with a Teak deck, a GRP hull, and GRP superstructure.

BELLISSIMA is in the top 30% by speed in the world. She is one of 2111 motor yachts in the 30-35m size range, and, compared to similarly sized motor yachts, her cruising speed is 4.88 kn above the average, her top speed 4.16 kn above the average, and her volume 6.34 GT above the average.

BELLISSIMA is currently sailing under the Marshall Islands flag, the 5th most popular flag state for superyachts with a total of 455 yachts registered. She is known to be an active superyacht and has most recently been spotted cruising near United States of America. For more information regarding BELLISSIMA's movements, find out more about BOATPro AIS .

Specifications

• Name: BELLISSIMA
• Previous Names: MENURA PRIMERO,ARREEE!
• Yacht Type: Motor Yacht
• Yacht Subtype: Planing Fast Yacht
• Builder: Azimut
• Naval Architect: Azimut
• Exterior Designer: Stefano Righini
• Interior Designer: Carlo Galeazzi
• Refits: 2020

Yacht featured in

Yachts like this, from our partners, sponsored listings.

• Work & Careers
• Life & Arts

Russian oligarch Andrey Melnichenko berths superyacht in UAE

• Russian oligarch Andrey Melnichenko berths superyacht in UAE on x (opens in a new window)
• Russian oligarch Andrey Melnichenko berths superyacht in UAE on facebook (opens in a new window)
• Russian oligarch Andrey Melnichenko berths superyacht in UAE on linkedin (opens in a new window)
• Russian oligarch Andrey Melnichenko berths superyacht in UAE on whatsapp (opens in a new window)

Simeon Kerr in Ras al-Khaimah

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Investigators around the world have been searching for sanctions-hit Russian oligarchs’ yachts. One has been hiding in plain sight.

Italian authorities in March impounded Russian coal and fertilisers magnate Andrey Melnichenko’s $600mn Sailing Yacht A after Russia invaded Ukraine. Another yacht, the $300mn Philippe Starck-designed Motor Yacht A, has been anchored for weeks in the port of Ras al-Khaimah, in the United Arab Emirates.

By placing his yacht in the UAE, Melnichenko has put it beyond the reach of western governments enforcing sanctions on those deemed supportive of Russian president Vladimir Putin’s war on Ukraine.

Its presence is a symbolic reminder of the Gulf monarchy’s ambivalence towards western sanctions on Russia, allies of Putin and the wealthy businessmen who have often benefited from ties to the state.

While the UAE government is trying to enhance measures against money laundering to exit a global dirty-money watchdog’s watchlist, the economic foundation of cities such as Dubai has long been based on welcoming flows of assets and people.

“Given its non-enforcement of western sanctions, the dilemma for the UAE is how to sustain its place as an open destination for capital while also appearing to be a good global citizen,” said one compliance professional. “It’s a tricky balancing act.”

The government of the Isle of Man said it had in March deregistered Melnichenko’s yachts, including Motor Yacht A, because of western sanctions, saying, “we will continue to act with appropriate robustness should the situation warrant it”.

Marine locator services placed Motor Yacht A off the Maldives in March. The Financial Times then saw the yacht on April 18. On Saturday it remained moored opposite Ras al-Khaimah’s city-centre fish market.

Businessmen in the UAE say Melnichenko, who denies affiliations to the Kremlin, held meetings there in April, but the tycoon has since returned to Moscow. A representative of Melnichenko, who has been placed under sanctions by the EU and UK as well as Switzerland and Australia, referred questions on the yacht to a lawyer who declined to comment.

UAE authorities in Dubai, Ras al-Khaimah and Abu Dhabi declined to comment.

European officials say they have raised concerns with Emirati counterparts that the UAE could become a financial haven for Russians placed under western sanctions. “We don’t want our allies to become facilitators for the Putin regime,” said one.

The UAE government has said it is maintaining a neutral course through the war, calling for an end to hostilities and providing humanitarian aid to Ukraine. Abu Dhabi, which has developed closer ties with Moscow in recent years, has also assured its allies that sanctions-hit entities will not be able to operate in the UAE. The Gulf monarchy, which has long argued that it is not compelled to enforce other nations’ sanctions, is keen to maintain its historical role as an apolitical territory focused on business.

Thousands of wealthy, non-sanctions-hit Russians have relocated to the UAE to escape economic uncertainty and political instability at home, even though they sometimes struggle to access the financial system. “Big banks are more cautious but smaller banks are offering help to those wishing to relocate. It’s just taking a lot of time,” said a Russian businessman.

Very wealthy Russians generally find financial institutions accommodating. Most of the wealthy elite have second passports from countries that sell nationality, such as Malta or Portugal, which facilitates the opening of new accounts with lenders that are warier of Russian passport holders.

Others have turned to alternative routes, such as cryptocurrencies and hawala, or informal money exchange services. The cost of this service has risen from 1 per cent of the transaction value to 5 per cent since the war broke out as demand surges, said one person aware of the trades.

Many in the UAE see a hypocrisy in western concern over the presence of the yacht and the Russians building new lives there. “So it was OK for London to take all the oligarch money but not for Dubai?” asked one lawyer.

Additional reporting by Nastassia Astrasheuskaya in Riga

Promoted Content

Follow the topics in this article.

• War in Ukraine Add to myFT
• Financials Add to myFT
• Russian business & finance Add to myFT
• Government of Russia Add to myFT
• United Arab Emirates Add to myFT

Comments have not been enabled for this article.