Frequently Asked Questions

It is a Private Residence Club that offers perpetual real estate ownership on a fractional basis.  The Club is made up of fifty luxury homes located on The Crescent of The Palm Jumeirah, the finest resort location that Dubai has to offer. 

Private Residence Clubs are the top tier of Fractional Ownership.  They are located in premier resort destinations, on prime sites. They feature extraordinary architecture and design, and provide the highest levels of service and amenities. A standard is met which compares favorably with virtually any luxury resort accommodation in the world. A Private Residence Club provides security of ownership, ease and flexibility of use and genuine five star services and amenities. 

• Owning a luxury home at a fraction of the cost of whole ownership, while enjoying award winning design, furnishings and premier locations.
• Enjoying services equivalent to a five star hotel that are not usually available to second homeowners.
• Having the use of an extensive range of amenities to enjoy your leisure time.
• The ability to invite family, friends and clients to enjoy your Club.
• Knowing that your property is professionally managed, avoiding the maintenance hassles and concerns typically associated with second homes.
• Minimizing your financial investment through Fractional Ownership.
• Opening up travel options to other premier destinations

No, the only way in which this luxury product can be deemed similar to timeshare is that 'time' is the factor used to split up usage and ownership of the property. In every other way, it is fundamentally superior and different. Most owners think of Fractional Ownership, and in particular Private Residence Clubs, as being more like traditional whole ownership without traditional whole ownership expenses.

Fairmont Heritage Place Kingdom of Sheba is offering a 1/10th interest in each home.

Owners can stay as often as they choose, subject to availability.  A simple and equitable use plan insures each Owner access to the Club.

Yes. The residences and club facilities of Fairmont Heritage Place, Kingdom of Sheba will be unequivocally maintained to the luxury, five star standards initially set.

Yes. Owners of Fairmont Heritage Place may exchange some of the time they own at Kingdom of Sheba to visit other sensational Heritage Place locations. They may also stay at Fairmont Hotels & Resorts around the world by exchanging some of their 'home' weeks.

Yes. An owner may allow friends, family or business associates to access the Club as their guests.

Yes. Fairmont Heritage Place is expanding its portfolio. Owners are kept informed as Fairmont Heritage Place creates more sensational destination opportunities.

Yes. The Residences at Fairmont Heritage Place, Kingdom of Sheba are managed and maintained to the same level of service as the Fairmont Kingdom of Sheba Hotel & Resort.

Yes. The shares may be freely traded.

Yes.

Yes. Owners pay an Annual Management Fee, which pays for the professional management and operation of Fairmont Heritage Place, Kingdom of Sheba. These annual fees are each Owner's pro-rata portion of the funds required to cover operating and maintenance costs of the Club.

The Private Residence Club will continue to function and operate without any impact from any defaults. The management team will institute agreed actions to recover the fees from the Owner. Owners in default of their maintenance fees will not have access to the Club.

Yes.  Within certain Club rules that protect all owners, owners may allow the Fairmont Management group to rent out their time at the Club.

The residences will become available from late 2010.

Fairmont Heritage Place
100 Wellington Street West, #1600
TD Centre, P.O. Box 40
Toronto, Ontario
M5K 1B7

Toll Free +1 866 858 0521

TEL +1 416 874 2965

FAX +1 416 874 2797

E-MAIL fhp@fairmont.com