Why This Owner Bought a Decade-Old Heesen Instead of a New Superyacht

Ibrahim Al-Rashid’s love for yachts runs deep. The Miami-based businessman grew up cruising the world on his father’s superyacht, the famous Lady Moura, with his mother teaching him how to enjoy life on the sea. It is unsurprising, then, that he wants to recreate that with his own children, aged six, five, and three. What is rather surprising is that he has decided to do it in a pre-owned Heesen.

As CEO of commercial real-estate investment company Limestone Asset Management,…