The United Arab Emirates retail market is forecast to see high CAGR growth of around 6.24% between 2012 and 2017. By 2017, the Retail market will continue to optimistically increase and reach AED159.5 billion.
Specialist retailers will contribute to the growth in UAE's retail market by driving the amount of revenues was the largest channel group, contributing 47.9% towards total UAE retail sales in 2012, or AED56.5 billion in value terms. This will result in the retail market increasing by 2017. In 2012 online retailers was the fastest-growing channel group, with a CAGR of 16.13% and is expected to remain the fastest-growing category group.
Food and Grocery was the fastest-growing category group accounting for 41.2% of the total UAE retail sales, whilst the Books, news and stationery sector will suffer a marked decline during the same period with a CAGR of 2.24%.
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