Tuesday, March 27, 2012

Timeshares In Iraq


Karbala is the third Holiest city in the Islamic faith, after Mecca and Medina, both of which are found in Saudi Arabia. Range Hospitality is building the first 5-Star hotel in the holy city of Karbala and selling timeshares there.

The Al-Rawdatain Residences will open in 2013 and will also be the largest hotel in the country, with 624 rooms. The main purpose is to house pilgrims to the Holy site Karbala. Thus, selling the rooms as timeshares makes sense for consumers. Unlike timeshares in the United States or Mexico, these timeshares would actually be used by the owner in perpetuity.

Munaf Ali, CEO Range Hospitality, said: “We found that Iraq offers a very favorable foreign investment environment making it a lucrative market for investment. Thus finding a gap in luxury accommodation across all spectrums, we went ahead with this large development to cater to over 20 million pilgrims who visit Karbala every year, and face acute shortage of residences. The fully furnished and serviced Al Rawdatain Residences suites will offer 24-hour security, crèche services, business centre, in-suite dining, four restaurants offering a large variety of cuisines and child care facilities.”

The hotel is designed by Dewan Architects and Engineers, and construction began in August 14th, 2010. It will open “Sometime in 2013,” Majaraj said. Religious tourism has grown in Iraq since the ouster of Saddam Hussein. The company donates 20% of their profits to charity.

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1 Comments:

At August 29, 2013 at 10:53 AM , Anonymous Anonymous said...

All timeshare companies would be happy to sell you a timeshare, but we would suggest you not to buy direct from the developer. The secondary market has many units available, usually at half-price or even less. However, our biggest recommendation would be to think it twice before buying a timeshare, assure you to read and understand all and each one of the points written in the contract, and calculate the total cost of the unit to see if you will be able to use it and afford it. http://www.timesharescam.com/blog/163-timeshare-weeks/

 

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