Timeshare to contribute AED14bn to Dubai

EMIRATES 24/7: Dubai is set to be the fastest growing timeshare market in the world and this sector will give the emirate’s economy a AED14 billion boost by 2020 – thanks to the significant increase in the number of tourists, real estate prices and hotel room rates in the emirate over the next decade, according to a new study by Arabian Falcon Holidays (AFH), a Dubai-based timeshare sales and marketing company. In the UAE, the timeshare industry grew by 15-20 percent in 2013 and is estimated to have grown by 30 percent in 2014, according to the AFH report.