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FINANCIAL NEWS
Dubai’s timeshare sector to contribute USD3.81b to economy
06 Jan 2015
(MENAFN) Dubai’s timeshare sector is expected to contribute USD3.81 billion to the emirate economy by 2020, thus becoming the fastest growing timeshare market in the world, due to the increase in the number of tourists, real estate prices and hotel room rates in the emirate over the next decade, Emirates 24/7 reported.
“Dubai is one of the top cities in the world that receive frequent international visitors ” new and returning ones ” both for business and leisure, exceeding those registered by many tourist destinations globally. And this makes Dubai an ideal place to invest in the timeshare sector,” said a report by Arabian Flacon Holidays (AFH), a Dubai-based timeshare sales and marketing company.
In the UAE as a whole, the timeshare industry registered a growth by 15-20 percent in 2013, with estimations that it has recorded a growth by 30 percent in 2014, with the growth being attributed to the global economic recovery in general and the strong growth in the UAE in particular, especially in the tourism and hospitality sectors.
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BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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