Tag Archives: Arabian Falcon Holidays

Dubai tops vacation ownership destination for Africans

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Dubai tops the list of timeshare destinations for Africans, driven by its world-class shopping malls and traditional attractions. Africa represented 5 per cent of the total inbound tourism source market of Dubai in 2015 and the potential to develop this segment appears lucrative due to the government’s effort to encourage economic ties with the African continent. The survey was done by Arabian Falcon Holidays (AFH), the independent timeshare player in the Middle East. According to Arabian Falcon Holidays, the timeshare market is expected to grow strongly, surpassing the average growth rates of 15 per cent to 20 per cent per year, with 2017 heralding a new era that will witness 50 per cent growth as new tourists visit theme parks and attractions such as Dubai Opera.A recent report by Interval International, a world renowned exchange company with over 2,500 resorts worldwide, stated that Dubai has the potential to become the new Orlando or Las Vegas of timeshare. Analysing the figures in Dubai, the report found out that if 5 per cent of the emirate’s 100,000 hotel rooms and serviced apartments are converted to timeshare, with an estimated average sale price of AED73,400 ($20,000) for each week’s vacation ownership, it could result in a whopping AED18.35 billion ($5 billion) in sales volume. Mohannad Sharafuddin, Founder, Arabian Falcon Holidays, said: “Dubai is the top destination amongst our timeshare owners from Africa. Efforts of the UAE government in strengthening its economic ties with the African countries proves to yield mutual benefits. One of the vital reasons behind the dynamic UAE-African relations is the robust role of Dubai. This is reflected through an increase in a number of African tourists coming to the country …

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Timeshare expected to add Dh14 billion to Dubai’s economy by 2020

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The timeshare industry in Dubai and globally is eagerly awaiting the release of the new Timeshare Law, which will propel the industry on a growth path. This is according to the Chairman of Arabian Falcon Holidays (AFH), the largest independent timeshare player in the Middle East. Chairman of Arabian Falcon Holidays, Mohannad Sharafuddin, said that they are hoping that the Timeshare Law in Dubai will be released as early as end of the year in fairness to all players and stakeholders so that both the company and the consumers are protected whilst contributing to the economy. The core idea of timeshare is ‘Family Vacation’ and Arabian Falcon Holidays alone brings in over 16,000 of its members to Dubai every year. Shared vacation ownership through AFH generates direct turnover between Dh350 million-Dh500 million, which expands to Dh1 billion when indirect and induced impacts are included.  The timeshare industry is expected to add Dh14 billion to Dubai’s economy by 2020. The upcoming Law will unlock the potentials of the industry participants to extend amazing Dubai deals that offer “value-for-money” to timeshare buyers from all across the world. Timeshare is also fast catching up among the millennial generation. A more detailed interview will be available in our September print version on www.travtalkmiddleeast.com.

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