Luxury Goods in the United Arab Emirates

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $1,210	40 Pages	Euromonitor International	September, 2022	EP17378665

Attention: There is an updated edition available for this report.

Best Price Guarantee
Price	from $1,210
Length	40 Pages
Publisher	Euromonitor International
Published Date	September, 2022
SKU	EP17378665

Luxury Goods in the United Arab Emirates

After showing strong signs of recovery in 2021, in 2022 luxury goods in the United Arab Emirates is set to witness almost full recovery from the deep decline in demand seen in 2020 as a result of the COVID-19 pandemic. The quick bounce-back has been driven by government initiatives, such as attracting UHNWI (ultra high net worth individuals) and HNWI (high net worth individuals) through a wider variety of visa options, such as Golden Visa, Investor Visa, 5-year Multiple Entry Tourist Visa and Bu...

Euromonitor International's Luxury Goods in United Arab Emirates report offers a comprehensive guide to the size and shape of the Luxury Goods market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Goods retailing along with the development of consumers’ shopping patterns. Forecasts to 2026 illustrate how the market is set to change

Product coverage: Experiential Luxury, Fine Wines/Champagne and Spirits, Personal Luxury, Premium and Luxury Cars.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Luxury Goods market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Luxury Goods in the United Arab Emirates
Euromonitor International
September 2022
List Of Contents And Tables
LUXURY GOODS IN THE UNITED ARAB EMIRATES
EXECUTIVE SUMMARY
Luxury goods in 2022: The big picture
2022 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA: Table 1 Sales of Luxury Goods by Category: Value 2017-2022; Table 2 Sales of Luxury Goods by Category: % Value Growth 2017-2022; Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022; Table 4 NBO Company Shares of Luxury Goods: % Value 2017-2021; Table 5 LBN Brand Shares of Luxury Goods: % Value 2018-2021; Table 6 Distribution of Luxury Goods by Format and Category: % Value 2022; Table 7 Forecast Sales of Luxury Goods by Category: Value 2022-2027; Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES: Summary 1 Research Sources
EXPERIENTIAL LUXURY IN THE UNITED ARAB EMIRATES
KEY DATA FINDINGS
2022 DEVELOPMENTS
Tourism gains further traction, boosting experiential luxury
United Arab Emirates considered a safe haven by consumers
Luxury hotels tailor multiple offers for domestic and international tourists
PROSPECTS AND OPPORTUNITIES
Foreign tourists to remain key for growth in experiential luxury
Strong pipeline of experiential luxury to cater to domestic and international tourists
Government initiatives include positioning the United Arab Emirates as a global hotspot
CATEGORY DATA: Table 9 Sales of Experiential Luxury by Category: Value 2017-2022; Table 10 Sales of Experiential Luxury by Category: % Value Growth 2017-2022; Table 11 NBO Company Shares of Experiential Luxury: % Value 2017-2021; Table 12 LBN Brand Shares of Experiential Luxury: % Value 2018-2021; Table 13 Forecast Sales of Experiential Luxury by Category: Value 2022-2027; Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2022-2027
FINE WINES/CHAMPAGNE AND SPIRITS IN THE UNITED ARAB EMIRATES
KEY DATA FINDINGS
2022 DEVELOPMENTS
Horeca openings hamper retail recovery, but relaxation of licensing drives growth
Category still dependent upon non-Muslim international tourists as the target market
Home consumption is not a major contributor to sales
PROSPECTS AND OPPORTUNITIES
Tourism is key to the recovery of fine wines/champagne and spirits
International brands and trends to trickle down to the United Arab Emirates
Health and wellness trends set to constrain growth
CATEGORY DATA: Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2017-2022; Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2017-2022; Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2017-2021; Table 18 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2018-2021; Table 19 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2017-2022; Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2022-2027; Table 21 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2022-2027
PREMIUM AND LUXURY CARS IN THE UNITED ARAB EMIRATES
KEY DATA FINDINGS
2022 DEVELOPMENTS
Premium and luxury cars witnesses full recovery
Brands keep consumers interested with new brand strategies
Strong competition from the secondary market
PROSPECTS AND OPPORTUNITIES
Population of ultra-rich consumers set to grow, boosting sales of premium and luxury cars
Digitalisation and holistic omnichannel approach to benefit the category
New launches to drive interest in premium and luxury cars
CATEGORY DATA: Table 22 Sales of Premium and Luxury Cars: Value 2017-2022; Table 23 Sales of Premium and Luxury Cars: % Value Growth 2017-2022; Table 24 NBO Company Shares of Premium and Luxury Cars: % Value 2017-2021; Table 25 LBN Brand Shares of Premium and Luxury Cars: % Value 2018-2021; Table 26 Forecast Sales of Premium and Luxury Cars: Value 2022-2027; Table 27 Forecast Sales of Premium and Luxury Cars: % Value Growth 2022-2027
PERSONAL LUXURY IN THE UNITED ARAB EMIRATES
KEY DATA FINDINGS
2022 DEVELOPMENTS
Designer apparel and footwear (ready-to-wear)
Luxury eyewear
Luxury jewellery
Luxury leather goods
Luxury wearables
Luxury timepieces
Luxury writing instruments and stationery
Super premium beauty and personal care
PROSPECTS AND OPPORTUNITIES
Personal luxury goods as holistic investment pieces in global shopping hub Dubai
Catering to future generations through digitalisation
Competition from the pre-loved market
CATEGORY DATA: Table 28 Sales of Personal Luxury by Category: Value 2017-2022; Table 29 Sales of Personal Luxury by Category: % Value Growth 2017-2022; Table 30 NBO Company Shares of Personal Luxury: % Value 2017-2021; Table 31 LBN Brand Shares of Personal Luxury: % Value 2018-2021; Table 32 Distribution of Personal Luxury by Format: % Value 2017-2022; Table 33 Forecast Sales of Personal Luxury by Category: Value 2022-2027; Table 34 Forecast Sales of Personal Luxury by Category: % Value Growth 2022-2027