Tuesday, May 6, 2008

Timeshare: nice idea, tough sell

Timeshare looks to be on its way to the Dubai real estate market. Buyers will be able to take fractional ownership of villas or apartments; in theory this opens up ownership to investors with smaller deposits, or holidaymakers looking to make regular visits to Dubai. Diversifying the real estate market is no bad thing, it brings new money into the market and keeps things spinning along. The market could be worth $1bn by 2010

If there is a hitch it is that, in many markets, timeshare has become a byword for ‘scam’. At the very least timeshare has struggled to prove the best financial investment. It can be a sound long-term, lifestyle investment, but rarely provides investors with stellar returns.

For Dubai real estate, that really would be something original.

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