Dubai

Theme parks to propel 50% growth in Dubai’s timeshare market

Theme parks to propel 50% growth in Dubai’s timeshare market

24 May, 2015

EMIRATES 24/7

The timeshare industry in Dubai is expected grow by 50 per cent in 2017, driven by millions of tourists to the three theme parks that will open at the end of 2016, according to Arabian Falcon Holidays (AFH), an independent timeshare sales and marketing company. “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,” said Mohannad Sharafuddin, Chairman and Chief Executive Officer of AFH. He added: “The timeshare market will grow exponentially in 2017, surpassing the growth rates of 15 to 20 per cent per year, and heralding a new era with an annual growth rate of 50 per cent, primarily driven by tourists visiting these theme parks.”

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