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The Condo Hotel Concept


Q. Can you explain the condo hotel concept?

A. Condo hotels are a relatively new real estate trend that combine vacation home ownership with investment. Individual buyers can own a luxury condo in a world-class hotel or resort. They can use it as a vacation home if and when they want. Or they can place it into a rental program and share in the revenue it generates.

Q. How does it differ from timeshares?

A. With a timeshare, you are essentially purchasing just a week or two of usage. With a condo hotel, you own the condo, and you share in the rent revenue it generates when you're not using it. Condo hotels tend to be more upscale than timeshare developments. They are usually of four- or five-star caliber. Also, condo hotels, unlike timeshares, tend to appreciate in value and have potential to be resold for a profit.

The above questions were submitted via e-mail by a visitor to The answers were prepared by Joel Greene, a licensed real estate broker, who specializes in condo hotels and the Dubai real estate market.

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