Usmanov's Old Dilbar, Now AHS, Cuts to EUR 39.9m

How much has AHS's asking price dropped, and why now

Superyacht Partners cut AHS a further EUR 3,191,723 in early September 2026, bringing the asking price to EUR 39,900,000 excluding VAT, according to BOAT International's brokerage-sales desk.

The reduction lands during Cannes week, when brokers routinely refresh listings to catch the trade and press attention the show brings, and it follows a year in which the yacht has already absorbed a full interior refresh. Broker Matt Albert, who represents her at Superyacht Partners, has pitched the new figure as a volume play rather than a discount: at just over EUR 22,000 per gross ton, AHS undercuts most fully-rebuilt Northern European-built yachts of her size, where new-build 66-metre pricing from a yard like Oceanco or Feadship routinely clears EUR 60m before outfitting.

That comparison only works if a buyer treats her as a modern yacht rather than a 2005 hull, and the two are not the same thing. Her steel hull and aluminium superstructure date to a keel laid two decades ago, and no amount of interior work changes the structural envelope, the freeboard, or the engine room layout underneath it. What the price cut really tests is whether the brokerage market will pay for a comprehensively modernised interior on an unmodernised platform, at a discount to a genuinely new one.

Why has this yacht had so many names

AHS was built as Dilbar for the Russian-Uzbek industrialist Alisher Usmanov, renamed Ona when Usmanov commissioned a larger yacht that took the Dilbar name for itself, then renamed twice more under two later owners before reaching her current name in 2024.

The Uzbek-Russian mining and metals billionaire Alisher Usmanov took delivery of the 66m Oceanco as Dilbar in 2005; when a larger yacht of his later carried the Dilbar name, this one became Ona. American businessman William Kallop bought her in 2010 and renamed her Natita, after his mother-in-law. That ownership ended badly: Kallop pledged Natita as partial collateral against a USD 32m loan from Goldman Sachs in 2014, stopped making payments in November 2016, and in August 2017 US Marshals impounded the yacht at a West Palm Beach marina on Goldman's petition to a Miami federal court, an episode reported at the time by Fox Business, SuperyachtNews and Yacht Harbour.

Goldman sold her on in October 2017 for USD 27.5m to Robert Friedland, the Canadian-American mining financier behind Ivanhoe Capital, who renamed her Luna B and put her through a 16-month structural and systems rebuild completed in 2020. Dubai property developer Abbas Hussain Sajwani bought her in 2024 and gave her the current name, his own initials, before returning her to the charter and sale market in September 2025 with a further round of interior work.

What was rebuilt on AHS, and what is original

The 2020 rebuild replaced her mechanical and structural systems and her public spaces; the 2024-2025 work that followed her sale to Sajwani was cosmetic, concentrated on the accommodation deck and the exterior furniture rather than the yacht's engineering.

Alberto Pinto, the French designer who died in 2019, drew her interiors; his studio's work survived the 2020 rebuild and forms the basis of what a charterer or buyer sees today, layered with the newer 2024-2025 changes. Superyacht Partners lists a full redesign of the owner's suite and the VIP and guest cabins on the main deck, a new helideck, all-new exterior furniture and a dedicated teppanyaki bar among the post-2024 additions - all finish and layout work, not engineering.

Her mechanical spec has not moved with the fashion: two Deutz-MWM SBV12M628 diesels of roughly 3,015hp each give her a top speed of 15 knots and a cruising range of 6,000 nautical miles at 13 knots, figures unchanged since her 2020 rebuild and modest next to the 17 to 20-knot top speeds newer 60-metre-plus yachts are commonly specified for. A 19,000-litre pool, a cinema room and a sundeck BOAT International's charter desk rates as larger than most 70-metre yachts carry over from the Pinto-era design, not from anything added since 2024.

Is AHS a good buy at EUR 39.9m

AHS trades a modern hull and top-end speed for interior volume, deck space and a EUR 22,000-per-gross-ton price that few comparably rebuilt 66-metre yachts can match, with a legal and ownership history any buyer's lawyers will already have found before an offer is made.

The case for her: 1,801 gross tons is a genuinely large volume for a 66-metre length, delivered through Pinto's full-beam cabins and a sundeck the BOAT International charter desk singles out as bigger than most 70-metre boats offer; the 2020 structural rebuild means a buyer is not inheriting 20-year-old mechanical systems even though the hull itself is that age; and at roughly EUR 22,000 per GT she prices well under what a comparable new-build Northern European yacht costs before outfitting. For an owner planning to charter, BOAT International lists her at EUR 500,000 a week with a 15 per cent September discount currently offered, putting her in reach of the same charter market as newer tonnage at a lower entry price.

The case against: her 15-knot top speed and 13-knot cruise are slow next to what a 2020s-built 66-metre offers, which matters for an owner who wants to outrun weather or cover ground between anchorages quickly. Her hull and underlying naval architecture are two decades old regardless of what has been rebuilt above the waterline. And her ownership record - a Goldman Sachs loan default, a US Marshals seizure and a forced sale - is a matter of public federal-court record that a discerning buyer's due-diligence process will surface regardless of how the yacht is marketed today; it has not affected her seaworthiness or her rebuild quality, but it is part of the file.

Is the 50 to 70 metre bracket a good place to be selling right now

AHS is competing in the one size bracket BOATPro's first-half 2026 brokerage figures single out for the sharpest growth: 26 sales between 50 and 70 metres in the first half of 2026, against 17 in the same period of 2025, a rise of just under 53 per cent.

BOATPro, Boat International's market-intelligence arm, published that figure alongside its wider first-half count of 281 brokerage sales worth a combined EUR 4.05 billion, and the 50-to-70-metre band grew faster than any other size class it tracks. A rebuilt yacht at the top of that bracket, priced under a comparable new build, is exactly the kind of listing that growth would be expected to favour: buyers who cannot get yard slot time for a new 60-metre-plus yacht inside two or three years have a rebuilt, immediately available alternative instead.

That does not mean every yacht in the bracket sells quickly. AHS has now taken at least one further cut since returning to the market a year ago, and brokers price successive reductions precisely because a first asking figure did not clear in a rising market. Whether EUR 39.9m proves to be the number that moves her, or simply the next staging post, is the open question the Cannes and Monaco show season usually answers one way or the other within a matter of weeks.