Real estate developers capitalize on Dubai timeshare gold rush

Timeshare vacation ownership apartments, and its related product spin offs and versions including vacation clubs and fractional ownership already enjoy huge growth annually and on a global scale, boast over 20 billion dhs in worldwide turnover as an industry.

As Dubai lines up to compete with favorite vacation destinations like Orlando, apartments and resorts will utilize the powerful attraction to consumers and developers in shared ownership concepts ,including timeshare, says Michael Tolan, CEO of Platinum Resorts International, based in Beirut.

Although developer interest in shared ownership is not uncommon, as Egypt, Lebanon and Syria have active projects, Dubai is the new darling of the investment spotlight.

Hedge Fund Investments will reportedly yield huge returns from funding the development Timeshare projects and theme parks in Dubai, while enjoying as much as 50% and more appreciation within 36 to 48 months, in the new Disney of the Middle East, says Tolan.

Leading real estate developers will make an entry into this highly profitable leisure real estate space in Dubai.

Deluxe apartment operators, builders, hotel owners and the many high standard serviced apartment operators in Dubai could take advantage of timeshare and fractional ownership business models to capture guests for lifetime partnership by selling memberships to their clients through shared ownership solutions.
Dubai is exploding with real estate timeshare opportunities despite occupancy rates reportedly exceeding 80% albeit real estate prices continue to soar.

That type of economic climate is insuring that timeshare and fractional ownership are vehicles of choice for market savvy developers and companies to sell off excess inventory and convert to leisure sector products such as Shared Ownership. Utilization of the RCI newly developed P.U.R.E. product for the real estate industry, Purchase, Use, Rent , Exchange will assist real estate sales and spur interest and growth in shared ownership options.

Dubai is the new world for real estate investment breaking news for timeshare , especially since Marriot arrived, who have had a market presence for ten years.

Market watchers claim that Marriot achieve currently over 20,000,000 usd annually in timeshare sales in Dubai alone , and with their new local product unveiled soon, ,are expected to yield over 100,000,000 usd in their first year operations.

Although the Dubai timeshare law has yet to be officially launched, operators such as Marriot and IFA seem to have already received a green light from the local authorities. Interval International , the benefits service provider and rival to RCI , have also established firm presence in Dubai. Their focus seems to have remained on up scale, high quality resort developments in the region and worldwide.

The domino effect of timeshare success in Dubai will attract more brand name hospitality groups such as Starwood and Wyndam and World Class companies into the Dubai timeshare and fractional arena , he added.

One of the most attractive destination resorts which will add timeshare and shared ownership in its mixed use plan is slated for the Dubailand Aqua Dunya project, says Tolan, which will have strong international appeal for families.

"The Dubai leisure real estate investment landscape is filled with promise. As property prices heat up on its desert oasis coupled with potential over saturation of properties and projects that loom in the horizon, shared ownership will have its place."

"Timeshare and fractional ownership products packed with consumer benefits and affordable price points will provide new channels to developers to satisfy the end user thirst for their own share of Dubai's property magic" , he added.