Market Research Logo

United Arab Emirates Retail Report Q2 2016

United Arab Emirates Retail Report Q2 2016

BMI View: The UAE's economic growth will slow in 2016 given the decline in oil prices, cutbacks in government spending, and waning consumer confidence. The non-oil sector will become the major growth driver, with Dubai outperforming at an Emirate level. We forecast GDP growth of 3.7% for Dubai in 2016, whereas for the Emirates as a whole we forecast GDP growth reaching 2.8%. Nevertheless, we expect household incomes to continue rising and the cost of living to fall, allowing increased consumer spending on non-essentials.

Key Views Key Views & Developments Developments

Total household spending is forecast to increase from USD 65.9bn in 2015 to USD72.8bn in 2016, an increase of 10.5%.

Housing & utilities will continue demanding the largest share of household budgets in 2016 at 37.3% of the total.

Clothing & Footwear is projected to become the fastest growing spending category increasing from USD4.9bn in 2015 to USD5.5bn in 2016, an increase of 11.5%.


BMI Industry View
SWOT
Industry Forecast
Headline Retail Forecast
Table: Total Household Spending (United Arab Emirates 2013-2020)
Table: Retail Sector Spending, % Of Total (United Arab Emirates 2013-2020)
Table: Headline Retail Sector Spending (United Arab Emirates 2013-2020)
Table: Retail Sector Spending, % of GDP (United Arab Emirates 2013-2020)
Retail Sector Forecast
Food, Drink & Tobacco
Table: Food, Drink & Tobacco Spending (United Arab Emirates 2013-2020)
Clothing & Footwear
Table: Clothing & Footwear Spending (United Arab Emirates 2013-2020)
Household Goods
Table: Household Goods Spending (United Arab Emirates 2013-2020)
Personal Care
Table: Personal Care Spending (United Arab Emirates 2013-2020)
Household Numbers And Income Forecast
Table: Household Income Data (United Arab Emirates 2013-2020)
Table: Labour Market Data (United Arab Emirates 2013-2020)
Demographic Forecast
Table: Total Population (United Arab Emirates 2013-2020)
Table: Population: Babies (United Arab Emirates 2013-2020)
Table: Population: Young Children (United Arab Emirates 2013-2020)
Table: Population: Children (United Arab Emirates 2013-2020)
Table: Population: Young Teens and Older Children (United Arab Emirates 2013-2020)
Table: Population: Young People (United Arab Emirates 2013-2020)
Table: Population: Older Teenagers (United Arab Emirates 2013-2020)
Table: Population: 21yrs + (United Arab Emirates 2013-2020)
Table: Population: Young Adults (United Arab Emirates 2013-2020)
Table: Population: Middle Aged (United Arab Emirates 2013-2020)
Table: Population: Urban (United Arab Emirates 2013-2020)
Industry Risk Reward Index
Middle East And North Africa Risk/Reward Index
Table: Middle East And North Africa Retail Risk/Reward Index, Q216
Industry Risk/Reward Index
Rewards
Risks
Market Overview
Competitive Landscape
Clothing & Footwear
Table: Selected Clothing & Footwear Retailers
Household Goods/ Homeware
Table: Selected Household Goods/Homeware/Home Improvement Retailers
Electronics
Table: Selected Electronics Retailers
Department Stores
Table: Selected Department Stores
E-commerce
Table: Selected E-commerce/Online Marketplaces
Pharmacies
Table: Selected Drug Store/Pharmacies
Glossary
Methodology
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: Retail Risk/Reward Index Indicators
Table: Weighting Of Indicators

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report