Dubai Retail Market Facts

• The retail market in the Dubai continues to grow rapidly with future CAGR expected at around 12% (Just-Style, 2009).
• 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 hypermarkets and various shopping events like Dubai Shopping Festival make the country a more lucrative destination for retail industry (Just-Style, 2009).
• Tourism market accounts for 21% of Dubai’s retail spending, increasing to over 40% in Dubai’s new generation ‘destination’ shopping malls.
• Total number of tourist shoppers last year estimated at 1.9 million
• Total spending in Dubai’s retail sector is expected to surpass US$ 7.6bn by the end of 2009 (Colliers International, 2009).
• Increasing population and rising per head household consumption remains one of the key drivers for the growth of retail industry in the Dubai.
• Shopping events in Dubai (like DSS and DSF) and Dubai Duty Free (DDF) are the major contributor in the retail industry, with retail sales in DDF accounted for more than 9% of total retail sales in the country in 2007. (Just-Style, 2009).
• 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. (Just-Style, 2009)