IFA launches Dubai hotel shared ownership scheme

16 November 2009

Kuwait-based IFA Hotels and Resorts has launched its second hotel condominium ownership product in the Middle East, within the five-star Fairmont Palm Jumeirah hotel in Dubai. The concept allows investors to buy a fully furnished, five-star branded hotel room within a rental pool system. It guarantees annual returns of 10% per year for the first five years, and a guaranteed buy back premium of 10% after five years from the hotel's opening. Additionally, owners can stay in the hotel for up to 30 days a year.

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