Paving the way for the holiday ownership sector in the emirate... and providing suitable alternatives for tourists

An electronic portal for the law regulating time-sharing in Dubai

• Time-sharing facilities have experienced rapid growth, as a result of the continuous change and development of consumer spending habits.

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• Hilal Al Marri: "Strengthening Dubai's position to become the best city in the world for life, work and visit."

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The Department of Economy and Tourism in Dubai has developed an electronic portal, in cooperation with a group of partners, regarding the law regulating time-sharing in the emirate.

A statement issued yesterday stated that in the framework of the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to organize the practice of time sharing in Dubai, in accordance with the best international practices, and in an effort to confirm its position as the best city for life and visit in the world. The mechanism of work of the time-sharing law has been strengthened, by launching an electronic portal that facilitates registration procedures and issues the necessary permits with ease, in addition to providing the necessary instructions and information for workers in this sector, as well as for tourists and those interested.

Functions and benefits

According to the statement, the Department of Economy and Tourism in Dubai has developed the electronic portal, in cooperation with a group of partners, which allows establishments operating in the field of time-sharing system, to apply for the registration of qualified units within the specified criteria, as well as to obtain permits and licenses to practice this activity in the emirate. It can be renewed annually.

The portal will greatly benefit the tourism system, and contribute to enhancing the confidence of investors in the city and the advantages that its real estate and hotel facilities can offer, as well as speeding up the approval procedures, as well as providing instructions.

The portal also provides all the necessary information of interest to investors, owners, operators and tourists wishing to benefit from the units subject to the time-sharing system in Dubai.

Tourist movement

The Department of Economy and Tourism in Dubai, which is the authority responsible for regulating and supervising time-sharing activity in the emirate, will work to improve the experience of customers, tourists and investors, as well as establishments specialized in this field, as the law aims to regulate the practice of time-sharing operations in Dubai, in accordance with international best practices. Encouraging the tourism movement and the real estate sector in the emirate, motivating investors to establish tourism and real estate projects, as well as developing the infrastructure of the tourism sector, as well as promoting growth in various sectors such as hospitality, tourism and real estate.

With the simplification of procedures and the provision of this online portal, the law will also contribute to encouraging investments in the vacation ownership sector.

Database

According to this law, the Department of Economy and Tourism in Dubai, in cooperation with the Dubai Land Department and the Dubai International Financial Center, will build a basic database of real estate development and brokerage companies, establishments working in this field and operators, to follow up the supervision and control of facilities, and to determine the conditions to be met in Contracts, and dispute resolution mechanism.

The Department of Economy and Tourism in Dubai will be responsible for regulating time-sharing contracts, receiving complaints against any individual or entity that conducts activity in the emirate without a permit or approval, and investigating such complaints and taking appropriate measures in their regard.

The law also stipulates that the registration of all new establishments operating in the time-sharing system is limited to new or existing hotel rooms, while existing facilities will be allowed to continue their work through the electronic portal.

Various offers

Helal Saeed Al Marri, Director General of the Department of Economy and Tourism in Dubai, said: “Dubai offers its visitors a lot of experiences and options while continuing to provide new ways for growth, and to find opportunities that can enrich the visitor’s experience, by providing more elements and diverse tourism offers in Dubai. In line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to enhance Dubai's position, to become the best city in the world for life, work and visit.

Vacation property

He added, "We now have an organizational model designed to meet the requirements of customers on the one hand, and real estate development companies and facilities operating in the time-sharing system on the other, in addition to a fair and clear legal framework that regulates the relationship of all parties participating in this system, thus contributing to the advancement of the sector in Dubai."

He stressed that the launch of the electronic portal for the time-sharing system will contribute to simplifying the procedures to benefit from the law, paving the way for the holiday ownership sector in Dubai, as well as providing suitable alternatives for tourists to encourage them to stay there for longer periods.

Dubai's competitiveness

He continued: "The strategic partnership with the Dubai Land Department, and the fruitful cooperation with several entities from the public and private sectors to ensure the smooth implementation of the law, embody real cooperation with partners and a firm desire to always provide the best, which is one of the main pillars of Dubai's continued success."

Al Marri affirmed full commitment to taking the best measures to support Dubai’s competitiveness and consolidating its position as a global center for tourism and investment, as well as continuing efforts to push the development process forward in this exceptional year, which witnesses the hosting of “Expo 2020 Dubai” and the celebrations of the 50th Union Day of the country, as well as during the period coming.

global practices

The design of the new portal took into account the application of international best practices, with the aim of providing a better work environment and providing a smooth experience for all concerned parties, in addition to providing the necessary guarantees to protect time-sharing customers.

Several entities in Dubai participated in implementing this initiative and putting it into service, through the partnership between the Department of Economy and Tourism in Dubai and the Department of Land and Property, and in coordination with the Dubai International Financial Centre.

time-sharing law

The time-sharing law includes: “time-sharing contract” and “points contract”, as the “time-sharing contract” is a contract through which the time share is sold in exchange for a financial allowance, according to which the facility is obligated to enable the beneficiary to benefit from the residence unit specified in the contract during the time share .

As for the "Points Contract", it is a contract through which the beneficiary sells points in return for a known financial consideration, according to which the facility is obligated to enable the beneficiary to benefit from the residence unit during the period specified in the contract, or to exchange it for another residence unit, whether this unit is located inside or outside the emirate.

Time-sharing facilities in the world have witnessed rapid growth, as a result of the continuous change and development of consumer spending habits, which made working with the time-sharing system an affordable and more flexible option for tourists.

• Limiting the registration of all new establishments operating in the time-sharing system to new or existing hotel rooms.

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