Dubai to become Timeshare capital of the world dubaipropertysociety/dubai-become-timeshare-capital-world/ With a huge increase in tourism numbers and a relatively low supply of hotel rooms, Dubai is well placed to be the leading timeshare capital of the world, says a recently released report. Arabian Falcon Holidays (AFH), a Dubai-based timeshare sales and marketing company said that this sector could boost the Dubai economy by as much as AED 14 billion by 2020. “With property prices in Dubai clocking the fastest growth rate in the world in 2013, many aspiring property owners in the emirate are being priced out of the second home or vacation home market. For such people who visit Dubai on a regular basis and stay in one of the hundreds of hotels around the city, an investment in timeshare makes perfect financial sense,” said Mohannad Sharafuddin, Chairman and CEO of Arabian Falcon Holidays. According to the report, the industry grew by around 17.5% in 2013 and as much as 30% last year.
Posted on: Tue, 06 Jan 2015 06:18:34 +0000
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