At the same time, 30% of the regional premium goods market is sold in Dubai. In this connection, the emirate attracts a large number of buyers, primarily from Russia and India. “Thanks to its well-developed infrastructure and tourism sector, a large selection of fashion and cosmetic brands, Dubai remains the heart of the regional market,” the study said.
It also notes that Dubai is attracting more and more tourists who want to diversify their shopping preferences. Every year, people with growing incomes, but not millionaires, are buying more and more goods. Thus, the growing middle class sets the trend for the acquisition of high-tech and luxury products. High demand is also noted for leather products and accessories. If we talk about global average indicators, in Japan the luxury market is growing by an average of 5%, in Europe - by 2%, the leader is Southeast Asia with 20% growth.
