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UAE Luxury Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Luxury goods, also known as upmarket goods, refer to those products which are costlier and are often bought by individuals that have a higher disposable income. These goods largely depend on marketing and promotions in order to communicate brand values. Currently, UAE represents one of the most attractive markets for luxury goods amongst the Middle Eastern countries. According to the latest report by IMARC Group, titled UAE Luxury Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the UAE luxury market reached a value of US$ 10.4 billion in 2018.

UAE Luxury Market Report

The growth of the UAE luxury market can be highly accredited to the fact that there is a notable population of wealthy and ultra-rich consumers in the region who are willing to spend millions for lavish items. The wealthy residents of the country spend billions of dirhams to purchase posh designer clothes, shoes, cars, etc. Apart from this, the booming travel and tourism industry has helped UAE to become the largest shopping destination in the Middle Eastern region. This remains another force which is further broadening the growth prospects for luxury goods in the region. Moreover, the emergence of e-commerce has provided an easy access to product-related information and prices online at any given point of time. This has further contributed towards the overall growth of the UAE luxury market. However, global economic uncertainty, unstable oil prices and political unrest in the region represent some of the major challenges that may hamper the market growth. Looking forward, the market value is projected to reach US$ 15.9 billion by 2024, exhibiting a CAGR of 7.1% during 2019-2024.

Market Summary:

  • Based on the type, the market has been segmented into travel and hospitality, luxury cars, personal luxury goods, food and drinks and others. Currently, travel and hospitality dominates this market followed by luxury cars, personal luxury goods, and food and drinks.
  • On the basis of gender, males accounted for a higher spending compared to females.
  • Based on the distribution channel, the UAE luxury market has been segmented into mono-brand stores, multi-brand stores, online stores and others.


This report provides a deep insight into the UAE luxury market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the UAE luxury industry in any manner.

Key Questions Answered in This Report:

  • How has the UAE luxury market performed so far and how will it perform in the coming years?
  • What is the breakup of the UAE luxury market on the basis of product types?
  • What is the breakup of the UAE luxury market on the basis of gender?
  • What is the breakup of the UAE luxury market on the basis of distribution channels?
  • What is the value chain of the UAE luxury industry?
  • What are the key driving factors and challenges in the UAE luxury industry?
  • What is the competitive structure of the UAE luxury industry and who are the key players?
  • What is the degree of competition in the UAE luxury industry?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   UAE Luxury Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Category
    5.4    Market Breakup by Gender
    5.5    Market Breakup by Distribution Channel
    5.6    Market Forecast
    5.7    SWOT Analysis
        5.7.1    Overview
        5.7.2    Strengths
        5.7.3    Weaknesses
        5.7.4    Opportunities
        5.7.5    Threats
    5.8    Value Chain Analysis
        5.9.1    Overview
        5.9.2    Research and Development
        5.9.3    Manufacturing
        5.9.4    Marketing 
        5.9.5    Distributors
        5.9.6    Retailers
        5.9.7    End-Users
    5.9    Porters Five Forces Analysis
        5.9.1    Overview
        5.9.2    Bargaining Power of Buyers
        5.9.3    Bargaining Power of Suppliers
        5.9.4    Degree of Competition
        5.9.5    Threat of New Entrants
        5.9.6    Threat of Substitutes
    5.10    Key Success and Risk Factors 
6   Market Performance by Category
    6.1    Travel and Hotel
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Cars
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Personal Luxury Goods
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Food and Drinks
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7   Market Performance by Gender
    7.1    Male
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Female
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Performance by Distribution Channel
    8.1    Monobrand Stores
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Multibrand Stores
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Online Stores
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Competitive Landscape 
    9.1    Market Structure 
    9.2    Key Players 
    9.3    Profiles of Key Players 

List of Figures

Figure 1: UAE: Luxury Market: Major Drivers and Challenges
Figure 2: UAE: Luxury Market: Sales Value (in Billion US$), 2011-2018
Figure 3: UAE: Luxury Market: Breakup by Category (in %), 2018
Figure 4: UAE: Luxury Market: Breakup by Gender (in %), 2018
Figure 5: UAE: Luxury Market: Breakup by Distribution Channel (in %), 2018
Figure 6: UAE: Luxury Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 7: UAE: Luxury Industry: SWOT Analysis
Figure 8: UAE: Luxury Industry: Value Chain Analysis
Figure 9: UAE: Luxury Industry: Porter’s Five Forces Analysis
Figure 10: UAE: Luxury Market (Travel and Hotel): Sales Value (in Million US$), 2011 & 2018
Figure 11: UAE: Luxury Market Forecast (Travel and Hotel): Sales Value (in Million US$), 2019-2024
Figure 12: UAE: Luxury Market (Cars): Sales Value (in Million US$), 2011 & 2018
Figure 13: UAE: Luxury Market Forecast (Cars): Sales Value (in Million US$), 2019-2024
Figure 14: UAE: Luxury Market (Personal Luxury Goods): Sales Value (in Million US$), 2011 & 2018
Figure 15: UAE: Luxury Market Forecast (Personal Luxury Goods): Sales Value (in Million US$), 2019-2024
Figure 16: UAE: Luxury Market (Food and Drinks): Sales Value (in Million US$), 2011 & 2018
Figure 17: UAE: Luxury Market Forecast (Food and Drinks): Sales Value (in Million US$), 2019-2024
Figure 18: UAE: Luxury Market (Other Categories): Sales Value (in Million US$), 2011 & 2018
Figure 19: UAE: Luxury Market Forecast (Other Categories): Sales Value (in Million US$), 2019-2024
Figure 20: UAE: Luxury Market (Males): Sales Value (in Million US$), 2011 & 2018
Figure 21: UAE: Luxury Market Forecast (Males): Sales Value (in Million US$), 2019-2024
Figure 22: UAE: Luxury Market (Females): Sales Value (in Million US$), 2011 & 2018
Figure 23: UAE: Luxury Market Forecast (Females): Sales Value (in Million US$), 2019-2024
Figure 24: UAE: Luxury Market: Sales through Monobrand Stores (in Million US$), 2011 & 2018
Figure 25: UAE: Luxury Market Forecast: Sales through Monobrand Stores (in Million US$), 2019-2024
Figure 26: UAE: Luxury Market: Sales through Multibrand Stores (in Million US$), 2011 & 2018
Figure 27: UAE: Luxury Market Forecast: Sales through Multibrand Stores (in Million US$), 2019-2024
Figure 28: UAE: Luxury Market: Sales through Online Stores (in Million US$), 2011 & 2018
Figure 29: UAE: Luxury Market Forecast: Sales through Online Stores (in Million US$), 2019-2024
Figure 30: UAE: Luxury Market: Sales through Other Distribution Channels (in Million US$), 2011 & 2018
Figure 31: UAE: Luxury Market Forecast: Sales through Other Distribution Channels (in Million US$), 2019-2024

List of Tables

Table 1: UAE: Luxury Market: Key Industry Highlights, 2018 and 2024
Table 2: UAE: Luxury Market Forecast: Breakup by Category (in Million US$), 2019-2024
Table 3: UAE: Luxury Market Forecast: Breakup by Gender (in Million US$), 2019-2024
Table 4: UAE: Luxury Market Forecast: Breakup by Distribution Channel (in Million US$), 2019-2024
Table 5: UAE: Luxury Market: Competitive Structure
Table 6: UAE: Luxury Market: Key Players

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