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Marriott Vacation Club Festival City to be Newest Dubai Timeshare Resort

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J. W. Marriott Jr, the chairman and CEO of Marriott International Inc, in conjunction with Omar Al Futtaim, CEO of Al-Futtaim Group, has announced a joint venture agreement that will result in the building of Marriott Vacation Club Festival City timeshare resort in the United Arab Emeritus.

The new Marriott timeshare represents, according to ArabianBusiness.com, the first significant equity investment in a hospitality development in Dubai by a US-base global hospitality brand. It is the only equity based joint venture entered into by Al-Futtaim with a hospitality group at Dubai Festival City.

Al-Futtaim was quoted as saying, “We believe Marriott Vacation Club will singularly raise the bar and change the landscape of the hospitality sector in Dubai.”

Plans are for the Marriott timeshare resort to be constructed in four phases, and will include over 3500 timeshare units and timeshare suites when completed. The Marriott Vacation Club Festival City will be the largest timeshare resort connected to a regional shopping center in the United Arab Emirates. As the resort area develops, in addition to the Marriott timeshare, there will be 8 major luxury hotels, 2 boutique hotels, and over 100 restaurants, cafes, and bistros located within the residential and retail area along Dubai Creek and near the Festival Marina. The development is described as an, “elegantly chic, bustling waterfront urban community.”

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