Consumers are becoming highly conscious that what they buy stands for their lifestyle, irrespective of price, but more in terms of value. Personal luxury goods continue to represent themselves as holistic investment pieces, whether it is to enhance the individual’s personality, physical or social appearance, or as a pure investment piece which can be sold in the future or passed on to future generations, with minimum wear and tear.
In line with the strong recovery in the United Arab Emirates, luxury goods players will continue to focus on the target segment of younger consumers, especially millennials and generation Z, before also including generation alpha, by offering items at various price points. The gen Z group in particular will initially enter the category by choosing smaller goods at more competitive prices compared with big-ticket products.
Pre-loved personal luxury 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 physical stores to view the product and its condition before making a purchasing decision.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in United Arab Emirates with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Personal Luxury industry in United Arab Emirates, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Personal Luxury
This is an aggregation of Designer Clothing and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Timepieces, Luxury Leather Goods, Luxury Writing Instruments and Stationery, Luxury Portable Consumer Electronics and Super Premium Beauty and Personal Care.
See All of Our DefinitionsThis report originates from Passport, our Personal Luxury research and analysis database.
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