The United Arab Emirates witnessed only one initial lockdown in 2020, but since then stores and shopping centres have reopened, including luxury retailers. As international travel has not been fully restored to pre-pandemic levels in 2021, residents are delaying their trips unless really needed, and moving their luxury shopping from other parts of the world to the United Arab Emirates.
Luxury leather goods, especially handbags and wallets, remain popular items amongst local consumers. Many started to purchase them as soon as stores reopened, shifting some of their usual travel expenditure towards buying luxury goods.
Pre-loved luxury leather goods, especially handbags and wallets, are widely available through various second-hand stores such as The Luxury Closet, Retold, The Closet, Garderobe and even Farfetch. Mainly available online, some of these retailers also offer consumers the choice to visit their physical stores to view the product and its condition before making a purchasing decision.
Digitalisation in the United Arab Emirates has been accelerated since the initial lockdown, pushing brands to rapidly focus on e-commerce as a whole, in terms of showcasing products, making a wider range of products available, and making timely deliveries. Alongside the growth of e-commerce, the digitalisation of luxury leather goods also involves differentiation to stand out from competitors.
In line with the further recovery of luxury leather goods, younger consumers, especially millennials and Generation Z, are expected to continue to be more open to purchasing items offered at various price points, with the latter group in particular initially entering the category by choosing smaller goods at more competitive prices compared to big-ticket options. Hence, brands should offer a wide range of options to expand their consumer reach without damaging their overall image, especially as the economy continues to recover from the effects of the pandemic.
With Expo 2020 rolled out as of October 2021, inbound tourists visiting the United Arab Emirates are increasing in number. 2022 and beyond is therefore likely to see a boost to the economy and recovery for sales of luxury leather goods, as the country continues to offer a wide variety of these items.
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Luxury Leather Goods
This is the aggregation of luxury bags and small leather goods and luxury travel goods.See All of Our Definitions
This report originates from Passport, our Luxury Leather Goods research and analysis database.
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