Dubai timeshare industry predicted to see 'Orlando effect'

The timeshare industry in Dubai will grow by 50 percent in 2017, driven by millions of tourists to the three theme parks that will open at the end of 2016, replicating the success story of Orlando, according to the largest independent timeshare sales and marketing company in the Middle East.

Mohannad Sharafuddin, chairman and CEO of Arabian Falcon Holidays, said the launch of Dubai Parks and Resorts will see the timeshare sector more than double the current growth rates of 15-20 percent.

“Dubai Parks and Resorts, the operator of Middle East’s largest multi-themed leisure and entertainment destination, expects over 6.7 million ticketed visits in 2017. That’s a huge number in the first year and will aid in the growth of the timeshare market here,” he said in a statement.

He added: “The timeshare market will grow exponentially in 2017, surpassing the growth rates of 15 to 20 percent per year, and heralding a new era with an annual growth rate of 50 percent, primarily driven by tourists visiting these theme parks.”

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Dubai timeshare industry predicted to see ‘Orlando effect’