Dubai to be world’s fastest growing timeshare market

Dubai is set to become the world’s fastest growing timeshare market in the world due to the significant increase in the number of tourists, real estate prices and hotel room rates in the emirate over the next decade, a new report suggests.

Titled Slice of Paradise, the report maintains that the timeshare sector will give Dubai economy a Dh14 billion boost in 2020..

“Surging property prices and hotel room rates in the UAE and across the region will lead to a boom in the timeshare sector within the next few years.  Dubai is strategically placed to benefit from the growth in this sector, considering its early adoption of the concept. Further, the growth is expected to take on a speedy upward trend since timeshare is still an emerging sector in Dubai,” noted the report published by Arabian Falcon Holidays (AFH), a Dubai-based timeshare sales and marketing company.

The report said the boom will be most prominent in the UAE and Saudi Arabia, two GCC economies that have already taken a lead in the development of the sector.