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Learn moreMar 2020
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Retail in the UAE has been holding steady despite suffering from the uncertainty related to growing trade protectionism, heightened geo-political uncertainty and financial market turbulence. One of the most diversified economies of the GCC, Dubai relies heavily on tourism and travel retail.
The UAE is known for its glitz and glamour, anchored by a robust premium retail sector. This sector is closely correlated with consumer confidence and high-spending tourists.
Despite the fact that some retailers are closing outlets in the UAE, the market is still very much dominated by brick-and-mortar, and malls play a huge role in the region due to the harsh climate and social dynamics. Stores have become bigger and are more focused on launching experiences to connect with the consumer and differentiate from online competitors.
Like most of the world, digital disrupters in the UAE are putting pressure on traditional brick-and-mortar stores but a strong digital infrastructure and improved trust in e-commerce will further spur growth in this sector. Major players include Amazon (formerly Souq), Noon, Jollychic, Farfetch and Namshi.
There is an increasing number of inbound tourists to the UAE and this is a key growth driver in the retailing landscape. While the number of visitors is increasing, the increase has come from mid-budget travellers rather than the high-rolling visitors of the past, due to sluggish economic growth, volatile oil prices and unfavourable currency movements.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Retailing industry in United Arab Emirates with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Retailing industry in United Arab Emirates, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in United Arab Emirates for free:
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Why buy this report?
This industry report originates from Passport, our Retailing market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.