+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Personal Luxury in the United Arab Emirates

  • PDF Icon

    Report

  • 26 Pages
  • October 2023
  • Region: United Arab Emirates
  • Euromonitor International
  • ID: 4825086
Personal luxury retail value sales rose by 7% in 2023 to total AED23.3 billion, with growth supported by leading brand owners, such as Richemont (Dubai) FZE. In 2023, retail value sales growth was boosted by consumers investing in luxury goods, such as designer apparel and footwear (ready-to-wear) and luxury timepieces, as alternative asset options. The idea that many of these goods can be used to generate additional money via rental platforms has added another dimension to their appeal.

The Personal Luxury in United Arab Emirates report offers a comprehensive guide to the size and shape of the Personal Luxury 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 Personal Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2027 illustrate how the market is set to change

Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Leather Goods, Luxury Timepieces, Luxury Wearables Electronics, Luxury Writing Instruments and Stationery, Super Premium Beauty and Personal Care.

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

Why buy this report?

  • Get a detailed picture of the Personal Luxury 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.

Table of Contents

PERSONAL LUXURY IN THE UNITED ARAB EMIRATESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Personal luxury sees a rise in current retail value sales in 2023
  • Designer apparel (ready-to-wear) dominates designer apparel and footwear (ready-to-wear)
  • Luxury eyewear sees increase in value sales
  • Retail value sales of luxury jewellery increase in 2023
  • Luxury leather goods sees positive value growth in 2023
  • Luxury wearables electronics sees value sales increase in 2023
  • Luxury timepieces sees rising value sales
  • Value sales of writing instruments and stationery on the rise in 2023
  • Value sales of super premium beauty and personal care on the rise
  • Richemont (Dubai) FZE holds the lead in personal luxury in 2022
PROSPECTS AND OPPORTUNITIES
Lower threshold for CBT
  • Value sales are expected to rise in 2023 constant terms over the forecast period
  • Luxury timepieces is set to become the main category in value sales terms in the forecast period
  • Luxury wearables electronics to see the fastest percentage growth over the forecast period
  • Luxury resale on the rise alongside sustainability and life cycle concerns
CATEGORY DATA
  • Table 1 Sales of Personal Luxury by Category: Value 2018-2023
  • Table 2 Sales of Personal Luxury by Category: % Value Growth 2018-2023
  • Table 3 NBO Company Shares of Personal Luxury: % Value 2018-2023
  • Table 4 LBN Brand Shares of Personal Luxury: % Value 2019-2023
  • Table 5 Distribution of Personal Luxury by Format: % Value 2018-2023
  • Table 6 Forecast Sales of Personal Luxury by Category: Value 2023-2028
  • Table 7 Forecast Sales of Personal Luxury by Category: % Value Growth 2023-2028
LUXURY GOODS IN THE UNITED ARAB EMIRATES
EXECUTIVE SUMMARY
  • Luxury goods in 2023: The big picture
  • 2023 key trends
  • Competitive landscape
  • Retailing developments
  • What next for luxury goods?
MARKET DATA
  • Table 8 Sales of Luxury Goods by Category: Value 2018-2023
  • Table 9 Sales of Luxury Goods by Category: % Value Growth 2018-2023
  • Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
  • Table 11 NBO Company Shares of Luxury Goods: % Value 2018-2023
  • Table 12 LBN Brand Shares of Luxury Goods: % Value 2019-2023
  • Table 13 Distribution of Luxury Goods by Format and Category: % Value 2023
  • Table 14 Forecast Sales of Luxury Goods by Category: Value 2023-2028
  • Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources