This luxe superyacht for billionaires is bigger than the Titanic — and home prices can reach $90M

New York Post - Apr 14th, 2025
Open on New York Post

The Ulyssia gigayacht is a revolutionary residential project targeting billionaires, offering luxurious homes on the high seas. With an estimated cost of $1.5 billion, Ulyssia is marketed to the ultra-wealthy, providing amenities akin to Billionaires’ Row. Scheduled to set sail in 2029, the yacht will feature 133 ocean-terrace properties priced between $10 million and $90 million. These residences come with lavish amenities, including private infinity pools and personal butlers. Ulyssia, surpassing 1,050 feet, offers unparalleled facilities such as padel tennis courts, a wellness area, and a watersports marina.

Designed by Norwegian yacht designer Espen Oeino and funded by Swiss billionaire Frank Binder, Ulyssia aims to create a global community for the elite. The gigayacht is poised to attract private yacht owners seeking a hassle-free, communal lifestyle. With luxurious interiors by Francesca Muzio, the yacht promises a unique experience, including adventurous expeditions and oceanic explorations. This project reflects a shift in luxury living trends, emphasizing the appeal of shared experiences and community among the world's wealthiest individuals.

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RATING

6.6
Fair Story
Consider it well-founded

The article provides an intriguing glimpse into the world of luxury gigayachts, focusing on the ambitious Ulyssia project. It effectively conveys the project's scope and appeal to its target audience through clear and engaging language. However, the article lacks balance and transparency, with a heavy reliance on promotional materials and a singular perspective from the project's backers. The absence of critical viewpoints and broader context limits its relevance and impact on the general public. While the story is well-written and captures the imagination of those interested in luxury lifestyles, its niche focus and lack of controversy or public interest reduce its overall significance. The article serves more as a promotional piece than a comprehensive news story, appealing primarily to a specific audience interested in high-end living and luxury trends.

RATING DETAILS

7
Accuracy

The article presents a detailed description of the Ulyssia gigayacht project, including specific claims about its size, cost, and intended market. The mention of the $1.5 billion estimated cost and the range of prices for residences ($10 million to $90 million) are specific figures that would need verification. The story attributes these to backers who spoke to The Telegraph, suggesting a level of source verification. However, without direct quotes or access to the original Telegraph article, the factual accuracy of these claims cannot be fully confirmed. The description of amenities, such as the padel tennis courts and wellness area, is detailed but would benefit from corroboration with promotional materials or interviews with project insiders. The mention of Espen Oeino and Swiss billionaire Frank Binder provides some verifiable details, but the broader market claims, such as the eagerness of billionaires to join a communal yacht lifestyle, are more speculative and less easily verified.

6
Balance

The article primarily presents the perspective of the project's backers and designer, focusing on the luxury and appeal of the gigayacht. There is a noticeable absence of critical viewpoints or potential downsides of such a project, such as environmental impacts or economic implications. The narrative is heavily weighted towards promoting the project's benefits and the lifestyle it offers, which may indicate a bias towards the developers' perspective. Including voices from potential buyers, industry experts, or environmentalists could have provided a more balanced view of the project's implications and viability.

8
Clarity

The article is well-structured and uses clear language to describe the Ulyssia project and its features. The information is presented logically, with a focus on the yacht's amenities and intended market. The tone is neutral, focusing on factual descriptions rather than subjective opinions. However, the use of terms like 'gigayacht' and references to the '0.1%' may require some contextual understanding from readers. Overall, the article effectively communicates the project's scope and appeal to its target audience.

7
Source quality

The article cites The Telegraph as a source, which is a reputable news outlet, lending some credibility to the claims. Additionally, it references statements from Espen Oeino and Frank Binder, both of whom are directly involved in the project, which enhances the reliability of the information. However, the lack of direct quotes or additional sources limits the depth of verification and authority. The reliance on promotional materials for details about amenities also raises questions about potential bias, as these materials are inherently designed to market and promote the project.

5
Transparency

The article provides some context about the Ulyssia project and its goals, but it lacks transparency in terms of how the information was gathered and verified. There is no discussion of the methodology used to obtain the details or any acknowledgment of potential conflicts of interest, such as financial ties between the writer and the project's backers. The lack of transparency about the sources of specific claims, such as the market for billionaires seeking communal living, leaves readers without a clear understanding of the basis for these assertions.

Sources

  1. https://ulyssia.com
  2. https://www.boatinternational.com/yachts/news/ulyssia-residences-ag-superyacht
  3. https://yachtharbour.com/news/new-details-on-320m-project-ulyssia-unveiled-7885?src=_pos_3
  4. https://www.forbes.com.au/covers/lifestyle/inside-ulyssia-the-2-4-billion-floating-city-for-the-ultra-wealthy/
  5. https://robbreportmonaco.com/motors/marine/ulyssia-inside-worlds-most-luxurious-floating-residence/