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United Arab Emirates (UAE) Retail Sector Overview 2010

  • ID: 1283546
  • Report
  • August 2010
  • Region: United Arab Emirates
  • 86 Pages
  • Ventures Middle East
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Over the last few years the UAE’s retail sector seen remarkable growth and has positioned itself in the global retail map. The country’s burgeoning retail industry is anchoring the UAE government’s economic diversification efforts. Favorable government policy frameworks and active participation of private sector have facilitated one of the world’s most desirable retail environments in terms of investments and revenue generation. Further, population growth, rapidly increasing economy, progressing service sector and promising travel and tourism sectors, stabilizing crude oil prices, rising purchasing power and strong consumer confidence are driving the retail industry. The modern shopping malls anchoring modern hypermarkets, highly developed free trade zones, shopping events like Dubai Shopping Festival and relaxed tax provision provide auxiliary growth thrust to the sector.

Even in the wake of economic slowdown, the retail revenue collections registered impressive growth and operating margins of players were on the higher side. The UAE's retail sales have grown over $107 billion in 2009 from $104 billion by 2008. It is expected that the retail sales in the country will climb over $120 billion by the end of 2011. A wave of new shopping centers and malls, which are at various stages of development, will further provide further UAE’s retail sector. The country have made massive investments into its retail real estate market and some of the world's most spectacular malls such as Dubai Mall, Mall of Emirates, Yas Mall etc. are expected to come online in the next 2-3 years, giving the nation increased international recognition.

This report on the Retail Industry in the United Arab Emirates 2010 and provides a comprehensive understanding of the entire market dynamics of the Retail sector to assist players interested in assessing the market opportunities in this robust and dynamic market. Besides providing an impact probability matrix on key drivers and restraints that influences the country’s retail infrastructure, the report also conducts a scrutiny of the various political, economic, social, technological, legislative and environmental trends impacting the sector. It also highlights the developments in the country’s real estate and hospitality markets, which boosts retail sector. It provides a complete retail map on how the UAE retail space has evolved over the years and what are the planned activities in the sector. The key highlight of the report is that it presents a complete and coherent competitive overview of the UAE retail industry. Further, the report also identifies all the key players in the Retailers Profile section of the report. The section talks about the business profile and strategic moves of the leading players operating in the sector. This study is a critical guide to understanding the forces that produce the changes in the Retail Market and in making informed decisions on the industry.
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TABLE OF CONTENTS

Executive Summary

- United Arab Emirates –Retail Snapshot, 2010
- Demographic Profile
- Economic Indicators
- Report Segmentation

Chapter 2: Market Overview of UAE Retail Market

- Types of Retail
- Drivers and Restraints to the Growth of the UAE Retail Industry
- Key Drivers
- Integrated Mixed Use Developments are attracting investments to the Retail sector
- Population Growth and Higher Standards of Living
- Demography-High proportion of youth
- Increased Government Emphasis on Diversification
- Political stability and a robust business friendly environment
- Augmenting Real Estate, Travel, Tourism & Transport Sectors
- Shopping Events Has Emerged as the backbone for retail
- Per capita consumption of cosmetics and fragrances in the UAE is one of the highest in the world
- Key Restraints
- Global Financial Crisis Had Dampened the Consumer Confidence & Credit growth
- Introduction of 3% Value Added Tax (VAT)
- Increasing presence of international players to incite competition
- PESTLE on UAE Retail Market

- Retail Sector – Facts and figures
- Number of Shopping Malls in UAE
- Abu Dhabi
- Dubai
- Northern Emirates
- Retail Sales

Chapter 3: Market Overview of UAE Hospitality Sector

- UAE Tourist Sector
- Growth in Tourist sector
- Tourism contribution to UAE Retail market
- UAE Hotels Overview
- Hospitality sector’s contribution to Retail Market
- Dubai

- Abu Dhabi
- UAE Upcoming Hotel Projects

Chapter 4: Market Overview of UAE Real Estate Sector

- Residential real estate growth
- Increasing GDP Per capita
- Growing Urbanization
- Increasing Retail spending by residents
- Upcoming Residential Projects
- Commercial Real Estate Growth
- Mixed development projects

Competitive Overview of the UAE Retail market

- Entry Barriers
- Entry barrier is very low
- Might impose VAT
- Substitutes

- Alternative Retailing Formats Gaining Foothold
- Buyer Power
- Higher disposable incomes Strengthens Buyer Power
- Weakness in Consumer Confidence Post Economic Downturn
- Wide-ranging customer base defines UAE retail
- Growing preference of international brands illustrates the power of buyer
- Competitive Rivalry
- Malls eating up stores
- Increasing foreign retailers to stimulate competition
- Supplier Power
- Retailers improvise offerings

- Weakened supplier power

Profiles of Key Retail Giants across Retail Segments in UAE

Future of Retailing in UAE
- Procedures for Starting a business in UAE

Ventures MENA Projects Database

LIST OF TABLES
:

Table 1: Impact Probability Matrix on Drivers
Table 2: UAE Retail PESTLE Analysis
Table 3: Major Shopping Centres Planned in Abu Dhabi
Table 4: Major Shopping Centers Planned in Dubai
Table 5: Major Shopping Centres Planned in Northern Emirates
Table 6: Middle East hotel performance in US$, Q1 2010
Table 7: Dubai Hotel Market Indicators
Table 8: Abu Dhabi Hotel Market Indicators
Table 9: UAE Hotel Projects
Table 10: Dubai Residential Sector Indicators
Table 11: UAE Residential Projects
Table 12: UAE Mixed Development projects

LIST OF FIGURES:

Figure 1: UAE Population (Growth Rate in %)
Figure 2: Age-Sex Distribution of the Population of UAE, 2009
Figure 3: UAE GDP Contribution by Economic Activities
Figure 4: UAE Per Capita in '000 US$ (Purchasing Power Parity 2009)
Figure 5: UAE Inflation
Figure 6: UAE Net Foreign Assets
Figure 7: UAE Foreign Assets Holdings (AED Mn)
Figure 8: UAE Exports
Figure 9: UAE Imports
Figure 10: UAE Retail Formats
Figure 11: Impact Probability Matrix on Restraints
Figure 12: UAE Retail Map
Figure 13: UAE Shopping Centres Completed (Beginning of 2010)
Figure 14: UAE Shopping Centres under Development/ Planning
Figure 15: Shopping Mall Supply Growth in Abu Dhabi (m2 GLA)
Figure 16: Abu Dhabi Cumulative Shopping Mall Supply (m2 GLA)
Figure 17: Dubai Retail Supply (m2 GLA)
Figure 18: Dubai - Breakdown of Existing GLA by Type
Figure 19: Northern Emirates Existing vs. Planned Retail GLA m2
Figure 20: UAE Retail Indicators
Figure 21: UAE Tourist Arrivals
Figure 22: % Share of UAE Travel & Tourism to GDP
Figure 23 Dubai Cumulative Hotel Room Supply (Number of Rooms)
Figure 24: Dubai Cumulative Hotel Room Supply (Number of Rooms)
Figure 25: Abu Dhabi Cumulative Residential Supply (Number of Housing Units)
Figure 26: Dubai Cumulative Residential Supply (No of Housing Units)
Figure 27: UAE Retail Sales Per Capita
Figure 28: UAE GLA Completed - 2010
Figure 29: GLA under Development/Planning in UAE
Figure 30: Competitive Overview of UAE Retail Industry
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