The $300 million superyacht Amadea has long lived under a cloud of uncertainty. First, it was the seizure, then uncertainty in the States, then auction hiccups. Now, finally, as 2025 ends, it seems the new year will begin a new phase for the 348-foot Lürssen beauty. Yes, it was successfully auctioned in September for an undisclosed amount to a mystery buyer who is now reportedly revealed to be a wealthy Emirati.
According to The Moscow Times, the splendid superyacht that was allegedly owned by sanctioned Russian Senator Suleiman Kerimov is now reportedly a possession of the family of Emirati billionaire Hussain Sajwani. The British Virgin Islands-based Beyond Holdings Group was listed as the superyacht’s owner, registered at the Executive Heights office complex in Dubai’s Barsha Heights district, a property owned by Sajwani’s Damac Group.
The well-heeled businessman may soon take the Amadea yacht home after a sealed bid process administered by National Maritime Services with Fraser as the sales partner. Bidders had to provide proof of $500 million net worth and a $10 million escrow deposit just to participate. It was all worth it, for the new owner gets to sail on the flamboyant and fabulous superyacht for a fraction of the original price. Sajwani is ranked among the top richest Arabs with a net worth of $10 billion.
His company, formerly known as AHS Four Company, likely stands for Abbas Hussain Sajwani, Hussain Sajwani’s son, and a board member of Damac Properties. Abbas Sajwani is also linked to the 66-meter yacht AHS. The Amadea sounds like a natural upgrade that comes when one gets accustomed to stunning vessels, plus the 4400 GT vessel came with a too-good-to-miss price, undisclosed, yes, but still, nowhere close to $300 million.
Amadea was seized in Fiji in May 2022 and later transferred to San Diego. It remained moored and motionless for several years, but not at the cost of her beauty. The six-decker masterpiece had been setting the U.S. government back by nearly $1 million per month for three years since 2022. Maintenance costs, crew salaries, fuel, and insurance were a few expenses of this floating mansion. Of course, the costs will now be borne by the new owner.
What will remain unchanged though, is her approximate annual maintenance cost, which will not go down just because her market price did. The well-heeled Emirati from the UAE will have to spend around $20 to $30 million in the upkeep of the vessel, regardless of the jackpot they scored her at.
Among her many standout features, the ones that made heads turn are the 10-meter mosaic pool on deck, a Jacuzzi, a helipad, two spas, and a private cinema. Her interiors rival the most extravagant palaces, with a grand piano, gilded bar, golden elevators, and even a lobster tank. The lavish cinema room features a 160-inch screen, D Box motion seating, and a popcorn machine. She sleeps 16 guests in 8 cabins and has about 36 crew.
The amazing Amadea motor yacht is still in San Diego, according to Marine Traffic, registered under the flag of the United States. Perhaps she will set sail soon for the Middle East, where she will fit right in among other luxuries of the billionaire clan. It sure seems like Amadea was made of affluence for affluence, and after years under a cloud, this might finally be her happy ending.
