The retail sector in the United Arab Emirates (UAE) continues to grow rapidly with future CAGR expected at around 12%. The increasing household consumption, affluent population, and booming service industry (including tourism, banking and trading sectors) are propelling growth into the nation’s retail industry. Also, the modern shopping malls anchoring state-of-the-art hypermarkets and various shopping events like Dubai Shopping Festival make the country a more lucrative destination for retail industry, according to "Booming Retail Sector in UAE”, a market research report by RNCOS.
The report provides extensive research and rational analysis on various aspects of the UAE retail industry and underlines the key issues related to the industry. The overview on opportunities and future forecast will help the clients analyze the future course of direction and major growth areas of the industry.
Key Findings
- Increasing population and rising per head household consumption will remain one of the key drivers for the growth of retail industry in the UAE.
- Shopping events in Dubai (like DSS and DSF) and Dubai Duty Free (DDF) are the major contributor in the UAE’s retail industry, with retail sales in DDF accounted for more than 9% of total retail sales in the country in 2007.
- Food sector offers a glut of opportunities as the UAE imported around 80% of the food items in 2007.
- Growing retail industry will create plethora of opportunities for RFID, CCTV and credit card market in the country.
- The cosmetics and personnel care market in the UAE has grown considerably and will continue to grow at over 8% per year in near future.
Key Issues & Facts
- What is the current status of the retail industry in the UAE?
- What are the factors fueling growth in the UAE retail industry?
- What are the future prospects of the retail industry in the UAE?
- Which is the most flourishing sector in the UAE’s retail industry?
- What are the emerging areas for the industry?
- Who are the major players in the UAE retail industry?
Key Players
This section briefs on the key players operating in the UAE retail industry, including Carrefour, EMKE Group, Spinneys Dubai LLC, Al Azizia Panda United Inc., Consumer Co-op UAE and T Choithram & Sons LLC.
Research Methodology
Information Sources
Information has been sourced from books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Method
The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
