Timeshare market summit takes place in Dubai

Posted under Hotel News ME, News.
by Patrick Ryan | Published 7 months ago

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Leading global vacation ownership companies met at Arabian Travel Market to discuss the development of the timeshare market in Dubai.

Key participants at Timeshare workshop

Representatives from the world’s biggest players in the vacation ownership industry plus key government stakeholders from the Supreme Legislation Committee, the Dubai Land Department and Dubai Department of Economic Development and local developers MAF and EMAAR attended the session on how Dubai can facilitate the growth of the timeshare sector.

E. Helal Saeed Almarri, director general, Dubai Tourism commented: “Dubai already boasts a world-class hospitality and tourism sector, and we believe that there exists great potential to further develop and diversify the industry for the benefit of visitors, residents, developers and stakeholders. We therefore look forward to meeting with representatives from some of the most experienced and well-known vacation ownership companies in the world to better understand their needs, challenges and recommendations. As we move towards a model that works for customers, developers and vacation ownership companies, we will ensure the needs of all stakeholders are considered. As a result, we aim to develop a truly world-class timeshare market in Dubai, governed and supported by clear and fair legislation that benefits all parties involved.”

E. Sultan Butti bin Mejren, director general of Dubai Land Department, said: “Dubai Land Department welcomes and supports initiatives from other government departments that help to boost Dubai’s economic diversification strategy, and support the government’s directives to make Dubai the best destination for investors, and align our Emirate with global trends.

Supporting the development of a timeshare market in Dubai is vitally important and our participation at yesterday’s workshop was fruitful, as it will help to increase real estate tourism in Dubai by providing a new service that meets the needs of investors and visitors. Dubai possesses all the elements it needs to succeed in the timeshare sector, and Dubai Land Department is ready to develop this area through its real estate expertise and by registering timeshare contracts to protect the rights of all parties.”

Chris Newman, chief operating officer, EMAAR Hospitality Group said: “With Dubai recording strong and sustained growth in visitor arrivals, and led by its vision to welcome over 20 million visitors annually by the turn of the decade, several strategic initiatives are being led by the authorities to offer a diverse bouquet of hospitality services for tourists from around the world.

“This is particularly relevant as the profile of the future travellers is changing with more millennials and value-conscious travellers exploring varied options that meet their aspirations. Emaar Hospitality Group supports strategies that will help diversify and grow the tourism infrastructure of Dubai.”

 

 









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