RNCOS

Surging Demand for Luxury Goods in UAE Retail Market

Press Release   •   Oct 05, 2012 15:06 IST

The UAE remains a top spot for lavish retail trade as residents of Emirates envisions luxury items as part of their lifestyle. The posh shopping malls, designer shops, and high-end hotels are increasing in the UAE, particularly in Dubai and Abu Dhabi. With the rise of new malls and happening fashion brands set to hit Abu Dhabi, which is the capital is making a big splash into the luxury retail market. Additionally, the country’s city, Dubai, known for opulent hotels and man-made palm-shaped islands, has become the second most attractive city in the world for international retailers in 2012. In UAE, luxury market accounts for significant market share and it is expected that luxury market will continue to increase its market share in the coming years.

According to our new research report, “UAE Retail Industry Forecast to 2015”, the UAE retail industry has been witnessing strong growth in sales for the past few years and is expected to grow in the coming years as well. Surging public and private sector consumption along with the contribution of strong industry verticals (tourism, trade, banking, etc) are expected to help the retail industry to grow at a CAGR of more than 3% during 2012-2015. Our report covers both food and non-food retail sector analysis along with the future forecast.

Among the non-retail sector, Color Cosmetic Products Market has shown an impressive performance and is expected to grow at a CAGR of around 28% during 2010-2015. Our report also covers the hair care market and perfumes market in UAE. In addition, we have analyzed the footwear and clothing sales market in UAE with future market analysis.

Besides, rapid development of modern retail infrastructure is luring consumers for convenient shopping experience and transforming into high retail spending. Per capita gross leasable area (GLA) is also increasing in the country with construction of new malls and expansion of some of the existing malls. In addition, fast inflow of foreign retailers is fuelling growth in the shopping mall retail area development. We anticipate that, this trend will prevail in the coming years and gradually boost the retail sales growth.

Our report “UAE Retail Industry Forecast to 2015”, is an outcome of an extensive research and thorough analysis of retail industry in the UAE. It facilitates statistics and analysis of all prominent market segments to provide deep and informative understanding of the market. It also covers a brief business description of prominent players operating in the industry to provide a balanced treatment of the analysis. Besides, the future growth areas discussed in the report helps to analyze the emerging market segments. In this way, the report presents a complete and coherent analysis of the UAE Retail industry, which will prove decisive for the clients.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM458.htm

Some of our Related Reports are:

- Indian Online Retail Market Analysis (http://www.rncos.com/Report/IM421.htm)
- Vietnam Retail Market Forecast to 2014 (http://www.rncos.com/Report/IM337.htm)
- Middle East Retail Sector Forecast to 2013 (http://www.rncos.com/Report/IM196.htm)
- South African Retail Industry Forecast to 2013 (http://www.rncos.com/Report/IM275.htm)
- UAE Retail Industry Analysis (http://www.rncos.com/Report/IM330.htm)

Check Related REPORTS on: http://www.rncos.com/Retail%20industry.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.