Vacation ownership has been one of the fastest growing sectors in the tourism industry. Dubai has great potential for vacation ownership. Over the last decade Dubai has seen tremendous growth in its economy. There are several spectacular projects carried out in the real estate and hotel sector. Dubai boasts many of the world’s iconic projects and is the fastest growing city in the world.
Currently, Florida in the US is the most lucrative market for vacation ownership. Dubai’s hotel industry is growing to such an extent that the city will overtake Florida in the vacation ownership market in the near future.
Dubai expects 15 million visitors by 2010. The city is gearing up with infrastructure development to cope with this rapid growth in tourism. Dubai is developing its new airport, which will be the largest airport in the world after its completion. Dubai International Airport experienced rapid growth in the number of passengers passing through.
Being a hub for the Middle East with easy connections to Europe, the Far East, India and Africa, Dubai has great market potential. Dubai has beautiful beaches, climate, a friendly and safe environment and of course many attractions and entertainment such as Dubailand. Dubai is attractive to both tourists and villa businessmen.
Most of the international hotel brands involved in vacation ownership development have shown great interest in developing hotel projects in Dubai. There are different accommodation options such as villas, furnished apartments, etc. are establishing themselves with a focus on Dubai’s growing hotel market. The number of tour operators and travel agents is increasing day by day.
