A major development in the United Arab Emirates post-pandemic has been the sharp rise in tourist spending, driven largely by Russians. Due to travel restrictions and sanctions on Russia, nationals from this source market now have limited access to global luxury brands, which have closed in their home country, and face greater difficulty traveling to Europe.
Blockchain technology is being used to verify authenticity and combat counterfeiting of personal luxury items in the United Arab Emirates, where high-end goods see significant demand and the risk of forgery is notable. This is particularly important as the luxury resale market continues to grow, making reliable verification methods even more crucial.
The United Arab Emirates is set to see a significant rise in the number of shopping centres being built, alongside expansion of luxury sections within existing ones to meet the growing demand for high-end goods. This growth is essential to address past challenges, such as in 2022 and 2023, when inventory shortages left major luxury brands struggling to keep up with consumer demand and predicted future growth.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Personal Luxury industry in United Arab Emirates with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Personal Luxury industry in United Arab Emirates, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Personal Luxury
This is an aggregation of Designer Clothing and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Timepieces, Luxury Leather Goods, Luxury Writing Instruments and Stationery, Luxury Portable Consumer Electronics and Super Premium Beauty and Personal Care.
See All of Our DefinitionsThis report originates from Passport, our Personal Luxury research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!