"United Arab Emirates Retail Report Q4 2014" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Wed Oct 15 2014

Dubai is set to become an increasingly important growth driver in the UAE over the next few years . T he emirate is forecast to record the fastest GDP growth rates in the UAE, on the back of its tourism, real estate and retail sectors. Preparation for the World Expo 2020 in Dubai will act as a catalyst for growth, and we are broadly bullish on real estate markets across the UAE. In addition, consumer sentiment towards the UAE is picking up, which bodes well for the retail sector. Strong underlying economic growth, expatriate wealth and Dubai's growing importance as a fashion hub are all factors that are likely to lead to a strong rise in household spending across all retail subsectors between 2015 and 2018. We are particularly positive about the growth prospects for clothing & footwear , though we expect by far the highest proportion of the household budget to be spent on housing & utilities throughout our forecast period. Food & non-alcoholic drinks and transport will also take substantial shares.

Full Report Details at
- http://www.fastmr.com/prod/887984_united_arab_emirates_retail_report_q4_2014.aspx?afid=301

The UAE retail report provides an extensive and comprehensive forecast of various retail indicators. These include: household spending and headline total spending across each retail subsector; household income and employment forecasts; demographic forecasts; and a detailed breakdown of household and per capita spending across a large number of retail areas including food & drink, clothing & footwear, household goods and a number of other subsectors. The largest emirates of Abu Dhabi, Dubai and Sharjah play host to an increasing number of major shopping malls, with new centres such as The Galleria at Sowwah Square in Abu Dhabi attracting leading retail names. Government investment in less developed areas is also leading to significant investment opportunities in the northern emirates, with UAE-based supermarket chain Lulu Group International having recently opened a mall in Fujairah.

TThe UAE's increasingly wealthy population aspires to branded...

The United Arab Emirates Retail Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's United Arab Emirates Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits

* Benchmark BMI's independent retail industry forecasts for United Arab Emirates to test other views - a key input for successful budgeting and strategic business planning in the Emirati retail market.

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- Home and Garden Products Retailing in the United Arab Emirates: Databook to 2017

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