Interval International selected as The Torch Dubai's exchange provider

Dubai Select, a UK-based property development company specialising in real-estate investment in Dubai, has launched a 'part ownership' scheme using Interval's worldwide exchange network.

The scheme enables customers to buy a portion of the company's freehold apartments in The Torch Dubai in two-week increments and the affiliation allows owners to exchange the use of the property throughout the world.

Initially Dubai Select is offering 16 one-bedroom and eight two-bedroom apartments on a fractional basis within the architecturally striking 85-storey building in Dubai Marina.

Commenting on the introduction of the scheme, Mark Stott, Dubai Select's managing director, said: "Fractional Ownership provides an alternative property option. It is ideal for those buyers who want to have their own freehold property in the sun but who can't commit to tying up all of their money in outright ownership of a property. It also provides the ideal stepping stone for property investors who want to test property ownership in Dubai."

David Clifton, Interval International's managing director, added: "This is a outstanding new development in Dubai and we are proud to add it to our network of resorts.

"Fractionals are a growth area for vacation ownership and Interval is at the forefront of affiliating these resorts. This is Interval's first fractional affiliation in Dubai and further proof that Dubai is becoming one of the most sought after destinations in the world."

Fractional owners at The Torch become members of Interval International and have the opportunity to exchange their accommodation for those at other quality vacation-ownership resorts in Interval's worldwide network. Members also receive value-added benefits, including access to specially priced travel and leisure services, quarterly travel magazines, international resort directories and a host of other privileges.