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United Arab Emirates Retail Report Q1 2016

  • ID: 3606561
  • January 2016
  • Region: United Arab Emirates
  • 66 pages
  • Business Monitor International
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We retain optimistic growth forecasts for the UAE's retail market. The next four years leading to Dubai Expo 2020 will give a boost to the economic diversification, as gargantuan infrastructural and private projects pick up steam. Consumer confidence is likely to remain intact and inbound tourism is set to persist, both of which will continue rewarding retailers with unparalleled opportunities until 2019. The UAE is highly reliant on oil revenue; as a result, the fall in oil prices during the end of 2014 and beginning of 2015 resulted in a damage to the UAE economy. After a shock, the real GDP increased by 3.9% in 2014, a marked improvement from growth of just 1.6% in 2010.

We expect to see real GDP growth reach 4.0% in 2015 and this will bode well for growth in the UAE's retail market. Household spending is expected to increase as GDP increases due to higher levels of income. The increase in household spending is driven by the increase in total households as well as the increase in households in the high-income bracket. However, the increase in household spending is offset by the fact that almost 40% of it is consistently taken up on expenditure on housing and utilities due to the extremely high rates of rent in the UAE. Outside of spending on housing and utilities, spending on food and drink represents the largest area of spending, whilst spending on clothing and footwear represents the fastest growing sub-sector during our forecast period.

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SWOT

Political

Economic

Industry Forecast

Headline Retail Forecast
Table: Total Household Spending (United Arab Emirates 2012-2019)
Table: Retail Sector Spending, % Of Total (United Arab Emirates 2012-2019)
Table: Headline Retail Sector Spending (United Arab Emirates 2012-2019)
Table: Retail Sector Spending, % of GDP (United Arab Emirates 2012-2019)

Retail Sector Forecast

Food, Drink & Tobacco
Table: Food, Drink & Tobacco Spending (United Arab Emirates 2012-2019)

Clothing & Footwear
Table: Clothing & Footwear Spending (United Arab Emirates 2012-2019)

Household Goods
Table: Household Goods Spending (United Arab Emirates 2012-2019)

Personal Care
Table: Personal Care Spending (United Arab Emirates 2012-2019)

Household Numbers And Income Forecast
Table: Household Income Data (United Arab Emirates 2012-2019)
Table: Labour Market Data (United Arab Emirates 2012-2019)

Demographic Forecast
Table: Total Population (United Arab Emirates 2012-2019)
Table: Population: Babies (United Arab Emirates 2012-2019)
Table: Population: Young Children (United Arab Emirates 2012-2019)
Table: Population: Children (United Arab Emirates 2012-2019)
Table: Population: Young Teens and Older Children (United Arab Emirates 2012-2019)
Table: Population: Young People (United Arab Emirates 2012-2019)
Table: Population: Older Teenagers (United Arab Emirates 2012-2019)
Table: Population: 21yrs + (United Arab Emirates 2012-2019)
Table: Population: Young Adults (United Arab Emirates 2012-2019)
Table: Population: Middle Aged (United Arab Emirates 2012-2019)
Table: Population: Urban (United Arab Emirates 2012-2019)

Macroeconomic Forecasts

Economic Analysis

GDP By Expenditure
Table: UAE - Private Consumption Forecasts
Table: UAE - Government Consumption Forecasts
Table: UAE - Fixed investment Forecasts
Table: UAE - Net Exports Forecasts

Industry Risk Reward Index

Middle East And North Africa Risk/Reward Index
Table: Middle East And North Africa Retail Risk/Reward Index, Q116

Industry Risk/Reward Index

Rewards

Risks

Market Overview

Retail Formats

Competitive Landscape

Department Stores

Mass Grocery Retail

Fashion

Consumer Electronics

Glossary

Methodology

Industry Forecast Methodology

Sources

Risk/Reward Index Methodology
Table: Retail Risk/Reward Index Indicators
Table: Weighting Of Indicators

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Note: Product cover images may vary from those shown

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