Press Release

UAE Retail Market to Surpass $ 75 Billion by 2025

Rising per capita income, growing tourism industry along with the rising number of developmental projects to drive the UAE retail sector through 2025.

According to TechSci Research report,UAE Retail Market By Type, By Type of Market, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2025, the UAE retail market is projected to grow from USD55 billion in 2019 to USD75 billion by 2025. Major factors behind the growth of retail market in the UAE include rising per capita income, growing tourism industry, increasing expatriate population and rising number of upcoming development projects in the region such as Deira Mall (Dubai), Al Maiyah Central (Abu Dhabi), Cityland Village (Dubai), Tilal Mall (Sharjah), Reem Mall (Abu Dhabi), among others. Furthermore, emerging technologies such as AI, IoT, Big Data Analytics, among others, are reshaping the retail industry landscape in the country. Also, the retail e-commerce market continues to grow due to the growing penetration of smartphones, and the usage of social media platforms. In addition, better access to secure online payment and gradual improvement of logistics capabilities are positively influencing UAE retail market.

Browse over 22 market data Figures spread through 70 Pages and an in-depth TOC on"UAE Retail Market, 2025"

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The UAE retail market is segmented based on type, type of market, distribution channel, and region. Based on distribution channel, the market is fragmented into supermarket/hypermarket, exclusive stores, specialty retailers, department stores, general merchandise stores, and online segments. The supermarket/hypermarket segment accounted for the largest share in the UAE retail market as the market is highly modernized with leading hypermarket and supermarket retailers like Carrefour, Spinneys, Geant, EMKE, and Al Madina present in all the major locations in the UAE. Apart from having a high concentration of hypermarkets/supermarkets, UAE also has a well-integrated logistics network.

Based on Type, the market can be fragmented into Non-Food Retail and Food Retail. The UAE Non-Food Retail segment dominates the market on account of rising urbanization, increasing income levels and strong retail-supported infrastructure. Retail market environment has been primarily designed along the standards prevailing in Western countries. Moreover, the hypermarket/supermarket culture has been embedded in the minds of the Emirati consumers. The introduction of luxury retail stores coupled with increasing number of foreign direct investment is expected to drive the non-food retail market segment in UAE.

Based on type of market, the country’s retail market is categorized into Organized and Unorganized market. The UAE retail market is dominated by the organized segment. The major factor behind the steady growth is that both international and domestic players are actively emphasizing on increasing floor space by opening new stores due to rising demand for quality products across the country. Also, mall developers are investing heavily in advancing infrastructure and introduction of Augmented Reality and Virtual Reality in offline retail stores for enhancing the overall customer service experiences are expected to drive the UAE retail market.

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In terms of regional segmentation, the market is further segmented into Dubai, Abu Dhabi, Sharjah, and Rest of UAE. The Gulf has world-class malls that act as a lucrative tourist destination for domestic and international consumers. Dubai is leading all other Gulf locations when it comes to quality retail space. The Dubai Mall, built over a million square meters, is the largest shopping and entertainment destination in the world. Furthermore, Dubai is one of the top 10 cities in the world in terms of new retail space under construction. The most prominent among the new retail projects is Dubai Holding’s Mall of World, which, when completed, will have the capacity to host 180 million visitors, annually.

The UAE Retail market is rapidly growing and the key players operating in market include Lulu Group International, Majid Al Futtaim, Landmark Group, The Savola Group., Azadea, Amazon.ae (Souq), Fathima Group of Companies, Carrefour, Spinneys Dubai LLC, Al Maya Group LLC, among others.

“Increasing advancements in technology including augmented reality, virtual reality, artificial intelligence, and IoT to improve store operations, ease accurate inventory management, and enhance consumer shopping experience are among the leading trends emerging in the UAE retail market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

UAE Retail Market By, By Type of Market, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2025has evaluated the future growth potential of UAE retail market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in UAE retail market.

 

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