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With local destinations like Dubai being billed by experts as the next Orlando, the organizers say it's important to understand the vital role timeshare plays in satisfying consumer demand for a wide choice of vacation accommodation options.
In fact the organizers say its anticipated that nationals in the Gulf region will spend USD 1.2 billion annually on shared ownership leisure real estate within the next 12 years - something that will excite developers looking for innovative ways to design and market inventory.
According to Mr. Claude Attala, Managing Director of NorthCourse's regional business in Dubai, the event is very timely indeed. He said,
"Identifying future trends and creating business models to maximize the return on investment is central to underpinning the market for real estate in the Middle East. Both large scale investors and private landlords need to know what options they have moving forward. Our event represents a master class where delegates will have access to some of the best brains in the business."
The opening address for the symposium will be provided by Mr. Ken May, chairman and CEO of Group RCI, the global leader in non-hotel leisure accommodations. He will set the scene for the one-day program by defining the expectations of increasingly discerning tourists, identifying new markets and explaining how the whole shared ownership sector plays such an important role.
Much of the Symposium is based upon the latest independent research. Attala said, "We aim to separate fact from broad assumptions. NorthCourse has invested substantial sums in researching the market and we're happy to share this information with those who have a genuine interest in the business. We'll not only explain how different shared ownership models are perceived by consumers, but also throw light on new real estate innovations such as fractionals."
The research underlines the keen interest expressed by Gulf nationals in buying into a variety of shared ownership options. In fact 68 per cent said they were keen to do so, both in terms of conventional timeshare and Fractional Ownership. This applies to buying fractions of interest in a property, ranging from one month to three months.
With such an extensive agenda, its no wonder that so much interest has already been shown. The organizers urge for early registration as places are strictly limited.
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Posted by Medilyn Manibo, Assistant News Editor
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