Timeshares poised to capture the holiday market (page 2 of 2)

The locations would include Morocco, Jordan, Saudi Arabia, India, Turkey, Egypt and Indonesia.

Not to be outdone, Marriott International has signed an agreement with Al-Futtaim Group to launch Marriott Vacation Club, in Dubai Festival City, the first Marriott Vacation Club resort in the Middle East - and the largest outside North America.

J.W. Marriott Jr., Chairman and CEO of Marriott, hailed Dubai's efforts to develop regulations for the industry.

'Our experience from operating timeshare resorts worldwide shows good legislation fosters a healthy and robust business environment that benefits both developers and customers long-term. The government of Dubai is planning to introduce balanced legislation in line with global standards and we applaud and support its efforts,' Marriott said.

Meanwhile, the largest tourism development in the UAE, Dubailand, says it regards the development of timeshares as a key component in its business plan and has launched a special subsidiary - Dubailand Vacations ¬- to develop timeshares for its resorts.

See also:
Abu Dhabi prices jump 53% as offplan market booms
Dubai average price index - apartments
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