This website uses cookies to ensure you get the best experience. Explore any of the chapters below to select an article. This is an enterprise license, allowing all employees within your organization access to the product. Dubai Silicon Oasis Apartments. We’re talking eye-catching, mind-bending, taste bud-tickling, grin-inducing, good-weird, did-that-really-just-happen fun. The size of the Arabian Gulf retail sector market is expected to see 4 per cent compound annual growth rate until 2023, rising from $253.2bn recorded in 2018, Dubai-headquartered investment advisory firm Alpen Capital said in its latest GCC Retail Industry report. Market wide vacancy in Dubai’soffice market registered at 18.7% as at Q2 2020, down marginally from 18.8% in Q4 2019. Found insideDubai is the largest and most crowded city in the UAE. ... the tourism ambition is to generate 20 million international arrivals by 2020 (Stolz 2017). Dubai ... The retail market, alongside the hospitality sector, was … Register now and also receive a complimentary 2-month licence to the OBG Research Terminal. Read: Government initiatives to support Dubai’s real estate market in 2020: CBRE report. The UAE retail e-commerce market reached a record $3.9 billion in 2020, a 53% year-over-year increase driven by the Covid-19-led digital shift, while e-commerce accounted for 8% share of the retail market during the same year, new analysis from Dubai Chamber of … First article from this chapter and report. View this paper > Other key factors that are expected to fuel the growth of Dubai retail market include increasing popularity of conventional and app-based delivery services, expansion of the sector ahead of Expo 2020 or an increasing number of visitors from China, Russia and other top source markets due to recent decisions to ease visa restrictions. Copyright © 2002-2021 Research and Markets. Each license type allows a set number of users to access the report. This in turn will enhance long- Face-to-Face. Found inside – Page 41The retail sector growth projections were expected to be more positive with Dubai winning the Expo 2020 bid and many new real-estate projects ... August 09, 2020 The "People" in Dubai retail market What is happening in Dubai retail market! In 2022, the forecasted value of e-commerce sales in the United Arab Emirates (UAE) was around 27 billion U.S. dollars. E-commerce sales in the UAE were estimated to grow by an average of 23 percent per year between 2018 and 2022. Explore other chapters from this report. Found inside – Page 154One of the Australia best ways to enter the retail market in growing markets ... space in Dubai compare to retail space in London? the World Expo in 2020, ... Moreover, some online retailers faced financial pressure to due high costs. Come along, or spend a lifetime telling less interesting stories. Other product groups which had more than 50% growth rates include beauty and personal care, pet care, and apparel and footwear. Changing consumer habits during Covid-19 has accelerated the growth of digital shopping. Many companies had a significant investment in online sales activity during the pandemic and managed to grow or keep stable their businesses using omni-channel methods. Find our research on the Bloomberg Terminal, Dow Jones Factiva, Eikon, S&P Capital IQ, LexisNexis and more. Found inside – Page 72BUILT TO BUY The GCC retail sector has ambitious plans , but if it builds ... s GCC Retail Market Overview 2007 , the average per capita income in Dubai was ... – Market value projected to reach $8 billion by 2025, supported by high Internet penetration, modern digital payment systems and strong government support. However, the improvements of online product details, customer support and visualisation, the product returns are expected to go down. Found insideThe year 2020 will be remembered as the year shoppers fought over toilet paper and ... In Dubai, the “wholesale and retail trade” sector is a key sector and ... In this context, sector stakeholders are looking to Dubai Expo 2020 to provide a welcome boost to the sector. This chapter is from the UAE: Dubai 2020 report. August 10, 2020. As luxury products market was mostly reliant on offline retail stores, with the onset of COVID-19, players realized the disadvantages of having only brick and mortar as the sales channel. Dubai currently offers 82,000 hotel and hotel apartment rooms. Bringing together +1000 of the brightest minds of the global retail community, it is the premier platform to shape the future of retail. Figure 2: Distribution of UAE e-commerce retail market by top product categories in 2020 (% share in total e-commerce). In order to host the event successfully, the UAE government have prioritized infrastructure development as a key investment area, to enable the country to handle the expected visitor volumes. Middle East Retail Forum (MRF) 2020 is the Region's most awaited Retail Event to bring together retailers as well as representatives from the public sectors for Retail Event, eCommerce Event, Knowledge Series, Conference, Exhibition & Awards in Dubai on April 8, 2020 in Dubai. Found inside – Page 771Nakheel announces Deira Islands Mall Dubai developer Nakheel has announced that it will ... which will allow for further planned expansions by 2020. Hotels - Expanding the Mid-Market. The UAE and Dubai in particular, remain hubs for e-commerce growth in the MENA region. Found inside – Page 142Dubai. Bank Indonesia Regulation Number 19/12/PBI/2017 On the ... [15] [16] Rationalization of Digital Media in Developing Market Potential for Retail 142. August 10, 2020. The next biggest category in UAE retail e-commerce was consumer electronics with a share of 31% ($1.2 billion). In this category, the demand was high especially for laptops, personal computers and tablets, due to the remote working and online education. Dubai is expected to invest more than US$8 billion in new infrastructure to host Expo 2020. In terms of Region, the market is categorized into Dubai, Abu Dhabi, Sharjah, and Rest of UAE. Dubai’s retail sector accounts for the largest share on account of high international visitor spending, strong demand fueled by high-frequency mega-sales & shopping festivals and increasing e-commerce activity in the region. And it’s going to be fun. Dubai, UAE_ The UAE retail e-commerce market reached a record $3.9 billion in 2020, a 53% year-over-year increase driven by the Covid-19-led digital shift, while e-commerce accounted for 8% share of the retail market during the same year, new analysis from Dubai Chamber of Commerce and Industry has revealed. How has the pandemic changed university course offerings in the Gulf? Saudi Arabian retail market, despite being the largest in the GCC, is still quite fragmented. Found inside – Page 8In June 2020, the GoI continued to issue the sustainable financing for climate ... In November 2020, Retail Green Sukuk with a series ST007 was issued. UAE-based Moroccan beauty brand izil’s constant transformation and evolution to meet the. However, optimism surrounding the influx of new supply is tempered by slower economic growth brought on by lower oil prices. Found insideSet-up Benefits 1: - Dubai's retail sector is the second most important retail market in the world. - The Dubai 2021 Plan and EXPO 2020 will stimulate ... DUBAI is one of the most concerned markets in the world for many types of business. Note: Product cover images may vary from those shown. Found inside – Page 165For the upcoming Dubai Expo 2020, transport infrastructure is a major ... Meanwhile, the Jones Lang LaSalle (JLL) Retail Market Review for the fourth ... Read now. Liwan. Abstract. Found inside... and Kara-Suu in Osh (both in Kyrgyzstan) developed as huge retail and wholesale markets representing major regional logistics hubs (Rudaz 2020: 12; ... Report: Will digitalisation in UAE higher education spur longer-term economic growth? The retail m-commerce market of UAE is projected to reach USD 3.9 billion by 2025, and grow with a CAGR of 18.9% between 2020 and 2025. Dubai Shopping Festival (26 December 2019 – 1 February 2020). Found inside – Page 30Globally, Dubai city has the largest number, with 15 buildings, ... Mega-malls The retail industry has become a fast-growing sector in the Gulf states, ... The UAE retail market is expected to show signs of resilience despite challenges, and is set to grow by 0.4% in 2020, as estimated by GlobalData. The UAE has the highest Smartphone penetration rate in the MENA region that has influenced the growth of mobile-commerce (or m-commerce). Apart from picking, packing and delivery cost, one of the biggest costs is high returns of products. The product is a PDF. Retail This chapter contains interviews with Colm McLoughlin, Executive Vice-Chairman and CEO, Dubai Duty Free; and Patrick Chalhoub, CEO, Chalhoub Group. Found inside – Page 33Diversification efforts include trade, transport and logistics, retail, ... Dubai's successful bid for World Expo 2020 exemplifies the international ... Martin will help you find what you are looking for. Several small retailers in UAE that did not manage online stores before the shutdown, developed temporary solutions to sell their products online, for instance, posted their products on Amazon or social media and provided pick-up or delivery services. In the Middle East, retail has been one of the fastest growing sectors, ranked as the eighth most attractive market globally for the retailers. The share of m-commerce in the UAE e-commerce market increased from 29% in 2015 to 42% in 2020. Food and drink were the third largest category (11% or $400 million) in the UAE retail e-commerce market in 2020. With the expected population and tourism growth, the retail market in the region has skyrocketed, with Dubai opening its arms as one of the top retail hubs in the world. Read More ... Dubai. Found inside – Page 6-6China is perhaps the best example of a market that in recent years has more than ... Dubai, part of the United Arab Emirates, recently hosted its third ... HAVE A QUESTION? It is expected that the highest growing product in the UAE e-commerce market will be personal accessories and eyewear with a CAGR of 20% from 2020 to 2025, followed by media products, pet care and home care products. According to the latest data of the Telecommunications Regulatory Authority of UAE, there are in total 52 purchasing apps in the UAE that specialised in food, beverage and pharmaceutical products. Sectors across the UAE’s property market continue to be tenant-friendly in the third quarter of 2020. Found inside – Page 199Rama, K. (2016) China's online grocery market to hit $180bn by 2020. ... ae/ business/ retail/ food- deliveryservice- deliveroo- aims- to- expand- in- dubai ... Dubai Chamber research shows the value of clothing sales in the UAE amounted to $12.3 billion in 2018. The purchase on mobile apps is highly especially among Gen Z, but millennials were feeling more comfortable on a desktop, as reported by Euromonitor. UAE Market Review & Forecast - 2020 An annual review and market outlook providing updates on the Abu Dhabi and Dubai real estate markets covering: residential, offices, retail… KSA H2 2020 Market Outlook Eng. According to data from the UAE National Economic Register, the UAE e-commerce sector issued the highest number of licenses of 196 in May 2020. Found inside – Page 96Total market share of Islamic banks grew 11% in the first half of 2007 It is hardly enough to say that Dubai is shaping up to be one of the global centres ... Found inside – Page 58While corporate lending outpaced the retail market during the year, lending to households and Islamic lending has been growing at a faster rate in recent ... Found insideHabib also worked in Dubai for 18 months, but found the cost of living to be ... and retail outlets have notably started catering towards NRI niche markets. food and computers, increased their share in UAE’s e-commerce market during the pandemic. Average Residential Rental Price/sq ft in June 2021. The product is a PDF. Market in Minutes: Dubai Office Market - Q1 2021. Office. DSF is the world’s biggest shopping festival and will celebrate its 25th anniversary this year with exceptional experiences across its three pillars of shopping, entertainment and winning. Knight Frank has released its UAE Market Review and Forecast 2020.The report provides an overview and outlook of the key real estate sectors including the commercial, hospitality, residential and retail sectors in Abu Dhabi and Dubai. April 13, 2021. Found inside – Page 92... retailers expanding in emerging markets need to find ways of growing beyond the ... At the end of 2018 , for example , the Mall of Dubai was still the ... Most of the stable entrepreneurs & start-ups wanted to make their presence here. According to the analysis by Euromonitor International, Dubai's retail sector generated an estimated Dh142 billion in sales during 2018, marking a growth rate of 6.8 per cent. Based on author Emmett Cox's thirty years of retail experience at Walmart, Kmart, and GE Money Global, this comprehensive reference guide provides fact-based, field-tested analytic strategies that you can replicate in your own company, ... At the same time the growth of e-commerce is being actively supported by the government, which sees an opportunity to create a regional e-commerce centre within the logistics district in Dubai … April 27, 2020 Please select an option from the list below. 200-plus restaurants, world-famous chefs and global cuisines. Feeling hungry yet? An experience inspired by frankincense. The Expo 2020 Channel gives you a glimpse into the exciting experiences you can enjoy at the World’s Greatest Show and is dedicated to our programmes, partners, attractions, pavilions, events, news and much more. This is a single user license, allowing one specific user access to the product. Posted March 9, 2021. Found inside – Page 17With the return of confidence in the real estate market, also helped by a successful bid for the Expo 2020, residential property prices in Dubai have been ... Despite some lockdown measures, the online share of this category slightly increased in 2020, due to the growing demand for comfortable style clothing, such as T-shirts, sweatshirts and hoodies. 313166-0. International Property 20 April 2021. UAE is one of the preferred destinations for global retail players in the Middle East countries. Discovery Gardens. Dubai, which has one of the most diversified and non-oil dependent economies in the Gulf, relies on sectors like hospitality, tourism, entertainment, logistics, property and retail. The sector contributes just over one-quarter of the emirateâs GDP, and is set to continue expanding. Additional retail space expected to complete during 2017 totals approximately 207,000 sqm. Backed by high number of expatriate population and strong consumer base, retail industry is witnessing strong growth in the land of Emirates. Figure 1: UAE retail e-commerce and mobile-commerce market value (USD billion). Report: How can Dubaiâs economy bounce back from Covid-19? The report, released by the Dubai Chamber of Commerce and Industry during the 11th World Retail Congress, found that apparel leads the category with 73 percent market share. In 2020, the onset of COVID-19 forced unprecedented behavioural shifts that led to an inflection point for landlords and operators alike. Dubai’s average hotel occupancy and RevPAR rates, 2009-2013 Source: Bloomberg, Emirates NBD Research In terms of logistics infrastructure, the UAE ranked … Found inside – Page 200Retail will certainly be one of the key factors in achieving Dubai's tourist growth targets through 2020. The industry now accounts for approximately 30% of ... Found insideDubai Festivals and Retail Establishment is promoting Dubai as an international event and ... Efforts have been made to market Dubai as a brand. However, during the pandemic the share of this payment method was significantly reduced, due to hygienic measures and development of contactless payments. At the same time the growth of e-commerce is being actively supported by the government, which sees an opportunity to create a regional e-commerce centre within the logistics district in Dubai World Central. From kiosks to flagship store: izil’s transformation that delivered over 300% growth. Expo 2020 Dubai will host the world for 182 days, each one brimming with new experiences. ... 21-day campaign will also give customers a chance to win tickets to Expo 2020 Dubai READ MORE. Found inside – Page 116Cohen N, Rubinchik A and Shami L. (2020) Towards a cashless Economy: Economic ... Dasgupta M. (2016) Moving From Informal to Formal Sector and What it Means ... Found inside – Page 206The government has made industry a priority of its Vision 2020, and sector ... and are more redolent of Dubai than the traditional Muscat retail experience. Value of UAE retail e-commerce market hit record $3.9 billion in 2020: analysis. It’ll be a time to create, collaborate and innovate. Table 1: Growth rates of UAE’s retail e-commerce product categories sales in value in different periods. Found insideDubai aims to become a global fashion hub by 2020. ... fuelling the potential for the development of an indigenous fashion and retail industry. Dubai is the ... 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