UAE Luxury Goods Market was valued at USD 2,977.69 Million

Jun 15, 2021 · UAE Luxury Goods Market was valued at USD 2,977.69 Million in 2020 and is projected to register a CAGR of 7.17% during the forecast period, 2021-2026

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UAE Luxury Goods Market Was Valued At USD 2,977.69 Million

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Jun 15, 2021 · UAE Luxury Goods Market was valued at USD 2,977.69 Million in 2020 and is projected to register a CAGR of 7.17% during the forecast period, 2021-2026

globenewswire.com

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Luxury Goods - UAE | Statista Market Forecast

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The Luxury Goods market in the United Arab Emirates is projected to grow by 1.67% (2025-2029) resulting in a market volume of US$6.87bn in 2029. ... Luxury Goods market, 2.4% of total …

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UAE Luxury Goods Market 2025 To Grow At 5.20 CAGR With 4.19 …

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Nov 22, 2024 · The size of the UAE Luxury Goods Market was valued at USD 4.19 Million in 2023 and is projected to reach USD 5.97 Million by 2032, with an expected CAGR of 5.20% during …

datainsightsmarket.com

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Luxury Goods - UAE | Statista Market Forecast

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The Luxury Goods Market in the United Arab Emirates is projected to grow by 9.41% (2025-2029) resulting in a market volume of US$216.20m in 2029.

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Luxury Market In UAE | Size & Share Analysis - 2032 - IMARC Group

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The UAE luxury goods market size reached US$ 4.0 Billion in 2023 and grow at a CAGR of 5.8% to reach US$ 6.7 Billion by 2032. Services ... The UAE luxury market was valued at US$ 4.0 …

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UAE Luxury Market Report By Type, Gender, Distribution Channel …

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The UAE luxury market size reached US$ 4.0 Billion in 2023. Looking forward, the market is projected to reach US$ 6.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.90% during …

researchandmarkets.com

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Luxury Brands Like It Haute In The UAE - News - Khaleej Times

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Apr 21, 2023 · It is a fact that globally the rich are only getting richer and this is substantiated by the report on the global luxury goods segment which scored a market value of $262.66 Billion …

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Luxury Fashion - UAE | Statista Market Forecast

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The Luxury Fashion market in the United Arab Emirates is projected to grow by 1.15% (2025-2029) resulting in a market volume of US$1.56bn in 2029. ... assets exceeding 1 million US …

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FAQs about UAE Luxury Goods Market was valued at USD 2,977.69 Million Coupon?

How big is the United Arab Emirates luxury goods market?

The United Arab Emirates Luxury Goods Market size is estimated at USD 4.19 billion in 2024. It is expected to reach USD 5.39 billion by 2029, growing at a CAGR of 5.20% during the forecast period (2024-2029). ...

Is the UAE a luxury market?

Currently, UAE represents one of the most attractive markets for luxury goods amongst the Middle Eastern countries. The growth of the UAE luxury market can be highly accredited to the fact that there is a notable population of wealthy and ultra-rich consumers in the region who are willing to spend millions for lavish items. ...

Why is the ua e luxury goods market growing?

The UAE luxury goods market is experiencing growth due to the gradual development of the digital ecosystem, which provides easy access to product-related information and prices for customers. ...

Why are luxury goods so popular in UAE?

These goods largely depend on marketing and promotions in order to communicate brand values. Currently, UAE represents one of the most attractive markets for luxury goods amongst the Middle Eastern countries. ...

Is the United Arab Emirates a good place to buy luxury goods?

Sales growth within luxury goods was positive during the last year of the review period, despite headwinds caused by the cost of living crisis, inflation and the war in Ukraine. The United Arab Emirates is also home to numerous affluent adults, with around 69,700 such residents in 2023, accounting for a 1% share of the population overall. ...

What is the value of the luxury goods market in 2024?

In 2024, the revenue in the Luxury Goods market in the United Arab Emirates (UAE) amounts to US$2,881.00m. The market is projected to experience an annual growth rate of 3.07% (CAGR 2024-2028). The largest segment in this market is Luxury Watches & Jewelry, which is expected to have a market volume of US$1,763.00m in 2024. ...