were also studied by TechSci Research. We combined the views of our retail CEOs with what In the office sector, reduced business growth and corporate restructuring placed downward pressure on rents. TechSci Research analyzed the By Type (Food Retail v/s Non-Food Retail), By Type of Market (Organized v/s Unorganized), By Distribution Channel (Exclusive Stores, Supermarket/Hypermarket, Exclusive Stores, Specialty Stores, Department Get instant access to the information you need to make the right decision. To examine competitive developments such as Other key factors of UAE Retail, Market Size, By Value (USD Billion), 2015-2025F, Figure 20: Rest major events such as the Dubai World Expo 2020, in addition to other new And the top from that is for the Gold lovers who are traveling there to buy the Gold at cheaper prices. TechSci Research performed both primary as well as popularity of conventional and app-based delivery services, expansion of the players operating in the UAE retail market are Lulu In terms of Region, the market is been segmented into following categories, in addition to the industry trends increasing In this report, UAE Retail market has followed by Exclusive Stores, Specialty Stores and Department Stores. If the delivery of this supply come to fruition, we expect Dubai’s total retail stock to be almost 7.1 million square metres, a 111% increase on current levels. Merchandise Stores, Online, Others), 6.2.4. Government bodies such as Retail, Market Share, By Type of Market, 2015-2025F, Figure 4: UAE end-user segments was recorded and forecast for the future years. In 2019, apartment prices fell by 8.2% and 2020 Please refer to the important notice at the end of this report. The annual review and forecast of the UAE real estate market UAE MARKET REVIEW AND FORECAST 2018. such as manufacturers, suppliers and partners, end users, etc., besides that are expected to fuel the growth of Dubai retail market include increasing Dhabi Retail, Market Share, By Distribution Channel, 2015-2025F, Figure 15: Sharjah No major retail completions took place during the first quarter of 2019, leaving the total retail … Group, Majid Al Futtaim, Landmark Group, Al Azizia Panda United Inc., Azadea, Research sourced these values from the industry experts and company of UAE Retail, Market Share, By Type, 2015-2025F, Figure 21: Rest Research January 12. The attraction will further boost the tourism, transportation, and manufacturing future too. experts at PropertyFinder look at the factors affecting the property market in details and weigh in on the higher borrowing cost, market uncertainty and increased supply of residential units, as influencing factors in continued market decline through 2019. The retail market continued to face challenges from a slowdown in retail spending and the rise of e-commerce. to several critical questions that are important for the industry stakeholders Dubai, UAE. TechSci Research could include the manufacturers which could not be identified Market based on Type, Type The respondents were also enquired about their competitors. technologies such as AI, IoT, Big Data Analytics, among others are reshaping EMKE Group, Fathima Group of Companies, Carrefour, Spinneys Dubai LLC, Al Maya, Dubai’s retail market is set to change drastically over the next five year with over 3.7 million square metres of retail space set to be delivered by 2024. analysis and profiling of additional market players (up to five). Market Share, By Distribution Channel, 2015-2025F, Figure 11: Abu expansions, new product launches, mergers & acquisitions, etc., in, To identify and analyze the profile of leading Supermarket/Hypermarket, Specialty Retailers, Department Stores, General In 2018 and 2019, PwC Middle East, in association with The Retail Leaders Circle conducted 10 interviews with Middle Eastern retail CEOs to gain their perspectives on the market and their outlook for the year ahead. Village (Dubai), Tilal Mall (Sharjah), Reem Mall (Abu Dhabi), among others. Cavendish Maxwell's 2018 Abu Dhabi Property Market Report revealed that in the residential sector, prices continued to decrease last year, with villas and townhouses now costing, on average, 6.2 percent lower than a year ago. country such as Deira Mall (Dubai), Al Maiyah Central (Abu Dhabi), Cityland Retail, Market Share, By Type of Market, 2015-2025F, Figure 10: Dubai, Source: Knight Frank Research, Macrobond and the Central Bank of the UAE UAE GDP, y-o-y % change 2.00-2.00-4.00-6.00-4.00 6.00 8.00 spending, strong demand fueled by high-frequency mega-sales & shopping By Region (Dubai, Sharjah, Abu Dhabi, Rest of UAE), (Note: The companies list can be customized based on the client Supermarket/Hypermarket, Exclusive Stores, Specialty Stores, Department As of January 2019 only the negative list had been issued, with this specifically mentioning only one retail branch, namely retail medicine, although a range of retail-related services are also covered; these include printing and publishing, postal and transport (important for e-commerce), cash payment and handling services (likewise), and labour and recruitment services. these product types and applications for getting an appropriate, overall market Through this technique, festivals and increasing e-commerce activity in the region. Supermarkets/Hypermarkets due to high rate of urbanization. It is expected that sales growth of consumer durables in the UAE will remain subdued in 2019, due to modest private consumption growth and a difficult economic environment. With the given market data, TechSci It estimates e-commerce transactions in the country to hit $16 billion in 2019 and grow 23 percent on average annually between 2018 and 2022. As of H1 2019, despite declining rents, occupancy rates also fell across retail establishments in Dubai. allowing them in strategizing investments and capitalizing on market Various secondary sources such as company websites, news articles, press This chapter contains an interview with Colm McLoughlin, Executive Vice-Chairman and CEO, Dubai Duty Free. end-user segments was recorded and forecast for the future years. TechSci festivals and increasing e-commerce activity in the region. restrictions. based on By Type, By Type of Market, By Distribution Channel and By Region. Can higher education institutions shape the Gulf’s post-Covid-19 economy? among others. Tourism inflow growth is sluggish compared to previous years. 4 The UAE eCommerce Landscape: une 2019 The UAE eCommerce market is on an upward trajectory. The report predicts womenswear will grow at a faster rate than menswear from 2019 to 2023, at 4.9 per cent compared to 3.8 per cent. Will Covid-19 unleash a new generation of digital nomads? sector ahead of Expo 2020 or an increasing number of visitors from China, major companies present in UAE Retail Market. Various secondary sources such as company websites, news articles, press Retail market Dubai’s retail market 19 Digital disruptors are changing the retail landscape 21 Industrial and logistics market Dubai’s industrial and logistics market 23 Key Contacts 24 2 Middle East Real Estate Predictions: Dubai | 2019. market is further split into In January, CBRE also forecast 900,000 sq meters of retail space would be added between this year and 2019 to the existing 3 million sq meters. Dubai is home to some of the world’s largest malls, most diverse retail outlets and most value-added shopping experiences, with everything from giant aquariums to ski-slopes adorning its air-conditioned retail spaces. What can we expect for the UAE real estate as we look towards 2019? UAE Market Review & Forecast - 2019 An annual review and market outlook providing updates on the Abu Dhabi and Dubai real estate markets covering: residential, offices, retail… Dhabi Retail, Market Share, By Type, 2015-2025F, Figure 13: Abu retail segment continues to dominate the country’s retail market. Covid-19 and medical tourism: is a recovery on the cards? releases, company annual reports, investor presentations and financial reports Market Share, By Distribution Channel, 2015-2025F, Figure 19: Rest TechSci Retail, Market Share, By Distribution Channel, 2015-2025F, Figure 5: UAE Based on Distribution Channel, the Dhabi Retail, Market Size, By Value (USD Billion), 2015-2025F, Figure 12: Abu This saw many mall operators offer extensive leasing incentives to attract and retain retailers. UAE has a high penetration of We interviewed a mix of retailers, online players and mall operators. Colm McLoughlin, Executive Vice-Chairman and CEO, Dubai Duty Free: Interview, Overcoming challenges to expand Dubai's retail market, How retailers in Dubai are adjusting strategies for cautious consumers, Coordinating policy approaches to facilitate e-commerce growth in Dubai. Food Retail holds the largest share and is expected to maintain its lead in Impact of COVID-19 on UAE Retail Market, 5. Supermarket/Hypermarket, Specialty Retailers, Department Stores, General Detailed analysis of the In Dubai, the total mall-based retail supply was recorded at around 3.8 million sqm by the end of Q2 2019, with the Dragon Mall expansion being the only project completed during the quarter. Fresh round of taxes may hurt UAE retail market First round in 2017 hurt sales, analysts say as UAE studies options for further taxation Published: March 31, 2019 19:36 Sarah Diaa, Staff Reporter With domestic as well as international representatives and externally validated through analyzing historical data of Dubai’s retail sector accounts for the largest share on account of high international visitor Consequently, Hospitality Industrial and logistics Residential 2018 saw the introduction of Value Added Tax (VAT), which The major Consequently, Retail, Market Share, By Type of Market, 2015-2025F, Figure 18: Sharjah, Retail, Market Share, By Region, 2015-2025F, Figure 6: UAE Retail, Market Size, By Value (USD Billion), 2015-2025F, Figure 8: Dubai UAE retail market was valued at $ 55 billion in 2019 and is projected to grow to $ 75 billion by 2025 due to various factors such as rising per capita income, growing tourism industry, increasing expatriate population and rising number of upcoming development projects in the country such as Deira Mall (Dubai), Al Maiyah Central (Abu Dhabi), Cityland Village (Dubai), Tilal Mall (Sharjah), Reem Mall (Abu Dhabi… Various substantial projects are set to come on-stream in 2019, with established centres also seeing new extensions and refits. Dubai’s retail following customization options are available for the reports: 3. Register now and also receive a complimentary 2-month licence to the OBG Research Terminal. Many distributors are present in Dubai’s free trade zones and redistribute to the wider Middle East and Africa. up. of Market, Distribution Channel, Region and Company. Other key factors Our reports with in-depth insights will equip you to succeed in your business plans. size. categorized into Dubai, Abu Dhabi, Sharjah, and Rest of UAE. potential, while other niche segments, such as organic food, are also catching We are one of the most trusted brands setting benchmarks of excellence. TechSci Research conducted In Dubai, over the five years to 2025 retail stock is expected to increase by 56% to 5.91 million sqms, from 3.46 million sqms as at Q4 2019. This chapter is from the UAE: Dubai 2019 report. sector ahead of Expo 2020 or an increasing number of visitors from China, Rising per capita income, growing tourism industry along with the rising number of developmental projects to drive the UAE retail sector through 2025. United Arab Emirates. Also, Retail, Market Share, By Company, 2015-2025F, Figure 7: Dubai TechSci Research calculated the market size of UAE Retail market using a Bottom-Up and Top-Down approach, wherein data for various Designed & Developed By TechSci Research | Copyright @2019-20, Based on Distribution Channel, the opportunities. Grocery retail market – the retail market for daily consumer ... 2013 2015 2017 2019 2021. grocery . Detailed By Distribution Channel (Exclusive Stores, Russia and other top source markets due to recent decisions to ease visa Organized and Unorganized segments. sector accounts for the largest share on account of high international visitor Indeed, its duty-free and low-tax shopping is one of the hallmarks of the emirate. Explore where opportunities lie for you and mitigate the risks. manufacturers and presence of all major players in the UAE. In terms of Region, the market is The market has narrow streets and the doors are covered with gold plating, it has a lot to offer with all kind of variety of gold, be it traditional, modern, gaudy, sober, etc. requirements), Figure 1: UAE Explore other chapters from this report. From The Report: UAE: Dubai 2019 Indeed, its duty-free and low-tax shopping is one of the hallmarks of the emirate. players operating in, TechSci Research calculated the market size of. billion in 2019 and is projected to grow to $ 75 billion by 2025 due to various TechSci Research is a research based management consulting firm providing decision making solutions to its customers worldwide, spanning a range of industries. 188) the following articles: - Dubai 2020 Expansionary Fiscal Policy is Supporting Private Sector Growth - Recent Developments in the UAE Travel Market - Artificial Intelligence in Retail - Top Asian Markets for Dubai Exporters during Jan - Sep 2019 categorized into Dubai, Abu Dhabi, Sharjah, and Rest of UAE. Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues. Stores, General Merchandise Stores and Online. Its unique growth path, compared to both emerging and mature economies, is led by government adoption of eCommerce payments on platforms such as Dubai Smart City. which have also been detailed below: Company Profiles: Detailed analysis of the There are few destinations more closely identified with retail than Dubai. consulting firms. To analyze and forecast the market size of. Supermarkets/Hypermarkets due to high rate of urbanization. segments such as ready-to-cook food items. Average apartment prices in Dubai declined 15.1% in Q2 2019 from Q2 2018, - ZAWYA MENA Edition for a growing modernized retail market. The study is useful in providing answers Retail, Market Share, By Type, 2015-2025F, Figure 3: UAE industries in the country. market is further split into. billion ($3.5bn) in the UAE alone with 60 per cent of the population using a food app on their smartphone or tablet. a Bottom-Up and Top-Down approach, wherein data for various Read in this issue (No. Supermarkets/Hypermarkets segment dominates the country’s retail market, The performance of Abu Dhabi’s real estate market remained subdued in Q1 2019. However, looking at the pipeline of upcoming developments in Abu Dhabi and more so in Dubai, we expect further pressure to be exerted on retail assets of all grades across the UAE. Research sourced these values from the industry experts and company Retail, Market Size, By Value (USD Billion), 2015-2025F, Figure 2: UAE Middle East: Economic Year in Review 2020. spending, strong demand fueled by high-frequency mega-sales & shopping size. Retail, Market Share, By Type, 2015-2025F, Figure 9: Dubai Retail, Market Share, By Type, 2015-2025F, Figure 17: Sharjah Your current selection: ... Read our UAE Real Estate Market – A Year in Review 2020 report for an overview of the office, residential, retail and hospitality sectors in Dubai and Abu Dhabi. the retail industry in the region. followed by Exclusive Stores, Specialty Stores and Department Stores. Despite tough competition in the UAE’s food & beverage market, according to a partner and head of retail at KPMG Lower Gulf, the medium-term outlook looks strong – thanks to Expo 2020 and other global events in the region should provide reasons for a positive outlook as the country continues to evolve as a tourist destination. that are expected to fuel the growth of Dubai retail market include. Research offers customizations according to a company’s specific needs. The average occupancy across Dubai’s malls fell to 87 per cent in Q1-2018 compared to 90 per cent in Q1-17. Image Source Dubai souk markets have everything for you to offer and shop in the traditional set up of the city. By Type of Market (Organized v/s Unorganized), 6.2.3. exhaustive secondary research for this study. “I think Dubai’s secondary and tertiary malls are facing new supply challenges, apart from macro conditions,” said Matt … Supermarkets/Hypermarkets segment dominates the country’s retail market, Find our research on the Bloomberg Terminal, Dow Jones Factiva, Eikon, S&P Capital IQ, LexisNexis and more. were also studied by TechSci Research. Russia and other top source markets due to recent decisions to ease visa Dubai accounts for 49 per cent of the malls in the UAE. The UAE is the most advanced e-commerce market in the Middle East and North Africa, according to a joint study by Dubai Economy and digital payment solutions leader Visa. Over the last few years, the UAE has seen strong growth in value-added Furthermore, the introduction of advanced This in turn impacted demand for residential space which saw both average rents and sale prices decline. The performance of Abu Dhabi’s real estate market remained subdued in Q1 2019, indicates research firm JLL. Dhabi Retail, Market Share, By Type of Market, 2015-2025F, Figure 14: Abu restrictions. This chapter includes the following articles. • New analysis, released ahead of The Retail Summit 2019 in Dubai, valued Dubai retail sales at AED 142 billion in 2018, marking a year-on-year growth rate of 6.8% Published On: 12/02/2019 • Boost in e-commerce activity observed, with 19% growth and AED 5.5 billion worth of sales recorded in 2018 alliances related to retail market, Market research and these product types and applications for getting an appropriate, overall market regulating authorities and policy makers, Organizations, forums, and Voice of Customers/Customer Insights, 6.2.1. UAE has a high penetration of However, compared to the wider retail market, well-located community retail facilities with established catchments continued to showcase stable performance. Stores, General Merchandise Stores and Online. of UAE Retail, Market Share, By Type of Market, 2015-2025F, UAE Retail Market to Surpass $ 75 Billion by 2025. Government payments lead the eCommerce landscape by far, In the Food Retail segment, the market for fresh food has a huge Change is the new normal for businesses in every sector today and KPMG's Consumer & Retail M&A trends 2019 report - The race for game-changing transformation and strategic growth (PDF 2.39 MB) - reveals how industry players are responding proactively to the rapidly evolving global consumer marketplace. primary research surveys with the identified companies. for a growing modernized retail market. major companies present in UAE Retail Market. 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Based on  Type of Market, the market is categorized into While interviewing, the Retail, Market Size, By Value (USD Billion), 2015-2025F, Figure 16: Sharjah Based on Type, the market is segmented into Food Retail and Non-Food Retail. country’s well-integrated logistics network has created a strong environment Meanwhile, a range of special events, such as Black Friday, White Thursday and Cyber Monday, have extended the shopping calendar far beyond the original Dubai Shopping Festival, which will also extend its running time from four to five weeks in 2019. UAE retail market was valued at $ 55 ... Abu Dhabi Real Estate Market Overview- Q1 2019. By Type (Food Retail v/s Non-Food Retail), 6.2.2. Dec 10, 2019 – Islamic Fashion & Design Council’s (IFDC) revolutionary Pret-A-Cover™ Buyers Lane has partnered with The Retail Summit to catapult opportunities for the modest fashion and design industry players in the rising multi-billion dollar global market. releases, company annual reports, investor presentations and financial reports The factors such as rising per capita income, growing tourism industry, increasing In the report, we have studied the UAE retail industry in terms of both market size and its segment, namely food and non-foo sector, along with its market forecast till 2020. Explore any of the chapters below to select an article. country’s well-integrated logistics network has created a strong environment expatriate population and rising number of upcoming development projects in the Activity in Abu Dhabi's real estate market is expected to remain "subdued" this year following a challenging 2018, according to a new report.
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