Superyacht owners rejoice: You can finally dock your ship in Miami. A month after Island Gardens Deep Harbour opened in Biscayne Bay, the docks have filled with $800 million of yachts jockeying for space as the Magic City hosts a series of annual boat shows.

The arrival of the superyachts coincides with the kickoff of the bigger and older Progressive Miami International Boat Show taking place through Feb. 15 at the city?s marine stadium. That show, expected to draw some 100,000 visitors over four days, features 1,200 new boats from manufacturers that include Beneteau and Jeanneau. It's basically the Art Basel of the boating world, with several satellite events now in its orbit. Here we take a look at Superyacht Miami, which focuses on mega-yachts for the ultra-wealthy.

Deep Harbour

?It finally feels full,? said Turkish businessman Mehmet Bayraktar, chairman and CEO of Flagstone Property Group, walking the docks on a cold (for Miami) February morning. It's been nearly 16 years since he first filed a proposal to build a marina with adjacent residential and retail facilities. A luxury hotel is also in the works. Island Gardens Deep Harbour is located on Watson Island between South Beach and Downtown Miami in Biscayne Bay. In the distance, you can see the Port of Miami Cruise Terminal.

Space for Superyachts

A shortage of wide, deep berths has been a persistent problem for south Florida, limiting its attractiveness to large boat owners despite its proximity to the Caribbean. Bayraktar?s marina changes that equation, said Charles DuGas-Standish, captain of the Natita, flagged under the Cayman Islands. (Scroll down to tour aboard his ship.)

?Until you build it here, they won?t come," he said. "This is a good start. Miami has been losing out to Monaco? because of the shortage of superyacht facilities, DuGas-Standish added.