Shared racehorse ownership is pulling new buyers into UAE racing

RaceX says syndication is bringing professionals, entrepreneurs, expatriates and first-time owners into UAE thoroughbred racing as shared ownership lowers the cost and opens access to the sport. The shift could broaden participation, diversify the owner base and support the long-term growth of racing in the UAE.

Why it matters: - Shared ownership is widening access to racehorse ownership in the UAE. - The model is drawing in first-time owners who want to take part in racing without the cost of sole ownership. - The trend could expand the owner base, including more women and younger enthusiasts. - Industry participants expect syndication to support the long-term growth of thoroughbred racing in the UAE.

What happened: - Dubai-based syndication company RaceX says the profile of UAE racehorse ownership is changing. - Professionals, entrepreneurs, expatriates and first-time participants are entering the sport through shared ownership models. - Jennifer McShane-Bary, founder and CEO of RaceX, said ownership inquiries have shifted in recent years toward people who had not previously considered racehorse ownership. - RaceX recently expanded its portfolio with Asaassi (FR), a European-performed thoroughbred now based in Dubai and trained by Marwan Al Baidhaei.

The details: - Racehorse ownership in the UAE has historically been associated with major investors, established racing families and large breeding operations. - Syndication lets multiple individuals share ownership of a thoroughbred racehorse. - The model follows patterns already established in Australia, the United Kingdom and the United States. - Industry observers say modern owners often want access to training facilities, behind-the-scenes experiences, race day participation and direct contact with trainers and horses. - The UAE racing calendar includes Meydan, Abu Dhabi, Jebel Ali and Sharjah racecourses. - The country continues to attract participants and horses from around the world. - Asaassi has a Timeform rating of 108 and proven European form. - RaceX says many first-time owners are interested in the educational side of syndication, including training, race preparation and day-to-day horse management.

Between the lines: - Shared ownership lowers the financial barrier to entry, but the appeal also comes from access and experience. - The growth of syndication suggests UAE racing is becoming more open to residents who want involvement beyond betting or spectating. - RaceX is positioning ownership as a participation product, not just a financial asset. - The expansion of accessible ownership could help the UAE compete with other major racing markets for new owners.

What's next: - Shared ownership structures are expected to play a larger role in broadening participation in UAE racing. - More first-time owners may enter the market through syndication as awareness grows. - RaceX appears set to keep using professionally managed ownership opportunities to reach a broader audience. - The broader UAE racing industry may see continued interest from residents and international participants as the ownership model evolves.