The logic of fractional ownership in Dubai

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A handful of developers have identified the shared ownership concept as one with potential for significant growth - mainly timeshare offerings at a number of resorts such as Royal Club at Palm-Jumeirah and the Dubai Lagoon Vacation Club.  

 

But the market remains immature and timeshare doesn't satisfy the pent up demand in Europe for the more sophisticated benefits that fractional ownership can offer - ownership of the asset, very flexible usage and far more owner control.  

 

Co-ownership of vacation property in Dubai is set to grow significantly with the rapid growth of the real estate market since 2021 and the introduction of new laws in 2022 making co-ownership in individual names possible.

 

It is arguably the perfect destination for fractional ownership, ticking all the key boxes for a successful product:-

 

• a truly year round destination in terms of climate, more so than anywhere in Europe

 

• all the things that attract frequent and regular visitors - climate, shopping, culture, sport and business opportunities

 

• ease of access - no more than 6 hours flying time from the whole of Europe.

 

Europe is a lucrative market for promoting fractional ownership opportunities in Dubai. The concept has become accepted as a logical way to own vacation property.

 

There is a huge market - not only buyers who can't afford to buy a luxury property outright, but also, perhaps a more lucrative market - those who can afford their own vacation home but want to align what they pay with how much they (and their family and friends) will use their home.

 

We are working with a number of UAE based agents and developers helping them to set up bespoke, secure and marketable ownership structures that can be promoted in Europe.