UAE Luxury Goods Market Increasing Demand, Growth Analysis and Outlook 2018-2023

Over the past few years, the UAE luxury goods market has experienced a positive growth. This can be attributed to factors including high disposable income of consumers, expansion in e-commerce and tourism sectors, and increase in the number of shopping centers across the country.

The latest report published by IMARC Group, titled “UAE Luxury Goods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the UAE luxury goods market reached a value of nearly US$ 10 Billion in 2017. Luxury goods are unessential products which are purchased according to the desire of consumers mostly belonging to the higher income groups. These products are considered to have better quality, symbolism, aesthetics and rarity as compared to necessity goods. Luxury buying is an important trend in the United Arab Emirates (UAE), particularly within the Emirati society, as owning these products is viewed a part of the consumers’ personality, social image, and position. Currently, the UAE is one of the largest luxury goods market in the Middle East as the presence of international luxury brands in major cities, such as Dubai and Abu Dhabi, has helped in promoting the country as a major shopping destination across the globe.

1  Preface

2  Scope and Methodology

3  Executive Summary

4  Introduction

5  UAE Luxury Market

6  Market Performance by Type

7  Market Performance by Gender

8  Market Performance by Distribution Channel

9  Competitive Landscape

Report this Page