More than 150 movers and shakers with an interest in being at the forefront of the region's anticipated boom in the timeshare sector met at the third Vacation Ownership Investment Conference (VOIC 2007) in Dubai yesterday.
These included industry chiefs representing Marriott Vacation Club International, Rotana Hotels, Resorts and Suites, Nakheel and Dubai Economic Department.
David Clifton, Interval's managing director for EMEA and Asia, the promoter of the VOIC forum, told the audience that Interval remains committed to the growth of vacation ownership, pending key Government approvals of 'timeshare' laws to help regulate the industry. Dubai is said to be on the brink of announcing such regulation.
"Interval is now in its third decade of operation and works a network of 2,200 world-class affiliated resorts, for more than 1.8 million member families.
Saturday, August 18, 2007
Tuesday, August 7, 2007
Fractional Ownership Explodes Onto South African Shores
Although fractional ownership has been an extremely popular concept over the past few years in the U.S.A., this concept is fairly new in the South African market. According to the African fractional ownership portal 'http://www.fractionalownership.co.za' - a one-stop shop for all news and products in the South African fractional ownership market - fractional ownership enquiries are increasing exponentially by the day, with over 1000 searches for fractional real estate ownership opportunities every week. "This new asset-sharing concept has exploded onto our shores says," Thys Geyser, Chairman of SAAFI (The South African Association of Fractional Intermediaries). "It just makes financial sense - an investor can now own exclusive property on the beachfront, in a golf resort or on a private game farm from as little as $20,000 and utilize his property four weeks per annum."
The South African property market has shown great returns in the past five years.
Subscribe to:
Posts (Atom)
