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7/30/2019 Lux Retailmarketoverview DUB
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LUXURYRETAILMARKETOVERVIEW
DUBAI
February2011
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UNITEDARABEMIRATESCOUNTRYOVERVIEW
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EGYPT
JORDAN
BAHRAIN
UNITEDARABEMIRATES
LEBANON
KUWAIT
QATAR
SAUDIARABIA
YEMEN
OMAN
SYRIA
IRAQIRAN
Fourth largest Arab League economyUnitedArab Emiratesconsistof sevenemirateswithcapitalAbuDhabi
President:KhalifabinZayedAlNahyan VicePresident:MohammedbinRashid
AlMaktoum(rulerofDubai)
LandMass:83,600sq.km. Popula_on: 5.5 million with 2.5%
popula_ongrowthrate(2009)
Currency:3.67AED/USD 8.1%ofworldoilreservesand3.4%of
worldtotalgasreserves
GDP: US$199.8 billion with 2,6%nominal growth and GDP PPP US$40,200(UAE2010)
Non-oil GDP growth is driven bytransporta_on, finance, tourism,serviceandrealestatesectors
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DUBAI-SNAPSHOT
Dubai has emerged from the desert to become one of the most modern andluxuriousci_esintheworldtolive,visitandshop
DespiteofthefinancialcrisisthenumberofHNWIisexpectedtogrowfurtherat10%rateayear
Citysretailindustryhasbeenoneofthefastestgrowingandhasbecomeoneoftheworldsmostdesirableenvironmentsforinvestmentandrevenuegenera_on
Dueto increasing public andprivatesector consump_onDubais industryver_cals(tourism,trade,banking, etc) arestrong andareexpectedtoboost retail industryCAGRfurthertoimpressive13%(2010-2013)
Aspira_onal behavior and preference for interna_onal luxury brands amongexpatriates, tourists and young locals alike is high and is strongly increasing by
variousshoppingcarnivalsandeventsaswellasrapiddevelopmentofmodernretail
infrastructure
Percapitaconsump_onofcosme_csandfragrancesintheUAEisoneofthehighestintheworld
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DUBAI-GENERAL
Total Popula_on: 1,905,000 with1,485,000male (out of4,975,593 intotalUAE)
303,800 HNWI (6.2% of UAE totalpopula_on2010)
Dubais expat community 80% oftotalpopula_on Highlyarac_veforexpatsdue
to no income tax increased
savingandahigher disposableincome
56% of expats receive adisposable income of over US$3,000permonth
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Dubai offers high standard, relaxedandpleasantlifestyle
Low crime rate, developedinfrastructure, clean streets and
abundance of domes_c servicescreates a comfortable and safe
environment Several diverse religious and ethnic
groupsco-existinpeacefulhabita_on
Local and foreign media is easilyavailable
Alcoholmaybeconsumedatmul_plerestaurants,barsandclubsaswellasathome
Dubaiin1995 Dubaiin2010
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DUBAI-TOURISM
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Occupancylevelsacrosshospitalitymarket registered on average at80%(2010)
Cityisalsohomeforover100fivestar restaurants brands andmul_ple fashion clubs, fashion
hotelsandbars OvertheyearsDubaihasbecomea
top des_na_on to foreign visitors
mainly for its luxurious lifestyle.
Dubai hosts number of world
known hotel brands, spas,interna_onal fine dining, great
night life, service and number of
arac_ons such as Burj Khalifa,
ThePalmJumeirah,TheWorld,SkiDubai,DubaiAquarium,DubaiMallandvarioustex_le,goldandspice
souks
Tourismindustryhasbeenakeyfactorindeveloping Dubais economy and ishighlyconnectedtocountrysGDP
The UAE tourism industry achievedCAGRof10.69%(1998-2008)
In 2010 Dubai received around 10milliontourists
From luxury tourism perspec_ve cityaracts mostly Russians, Chinese,
Indians, na_onals and expatriates fromother GCC countries, Lebanese, Bri_sh,
FrenchandGermans
Dubai houses around 560 hotels anddespite of the worldwide hospitality
decline in past years has globally
compe__ve RevPar around US$200(2010)
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Hospitality
FineDining
Nightlife
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DUBAILUXURYRETAILENVIRONMENT
DubaiisseenasShoppingCapitaloftheMiddleEast Various shopping fes_vals suchas Dubai ShoppingFes_valand Dubai Summer
Surprisesaremajorcontributorstototalretailsales
Dubaihouses385luxurybrandsandstoresandhenceDubaisluxuryretailindustryhasbecometheprimarytradinghubinGCCwithluxuryretailsalesgrowingaverageof12%peryearcomparedto7%oftherestoftheworld(2009)
Des_na_onmallsremaintohavethewidestmarketappeal Dubaihouses25mallswith5moreunderconstruc_on Top five luxury malls being Dubai Mall (worlds largest shopping mall),
BurJumanCentre,Emirates Tower Boulevard,Mall of theEmirates andWafi
Center
Department stores include Bloomingdales, Galeries Lafayee, Saks FihAvenue,HarveyNicholsandSalaamDepartmentStore
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DUBAILUXURYRETAILENVIRONMENT(CONT)
Marketindicators: DubaisretailsectorstotalspendingpassedUS$7.6bnattheendof2009 DubaisGLAhasgrownofapprox.263%(2006to2010)andamountedto3.2
millionsquarem(2010)
Average rent of US$750 and premium rent of US$1,000 per annum persquarem(2010)
93%occupancyrateoverallwiththemajormallsenjoying100%occupancy(2010) InforthcomingyearsretailforthcomingdevelopmentsincludeMallofArabia,
DubaiPearlMallandAlMadinaMallincreasingGLAevenfurther
10
0
200
400
600800
1000
1200
1400
1600
Dubai AbuDhabi USA-
Average
Europe-
Average
TotalRetailSpaceAvailability2010
m2per1000people
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DUBAILUXURYRETAILPLAYERS
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Overview
Foundedin1979intheUAE,theAlTayerGroupis privately owned retail company with
opera_onsinAutomobile,Fashion,Cosme_cs&
Perfume,Jewellery,Publishing,Contrac_ngand
Engineering
Thecompany'sconsumerretaildivision,AlTayerInsignia, is the largest luxury retailer in the
Middle East with 36 luxury brands & 2
department stores in its porolio and over
1,600employees
GeographicalReach
AlTayerGroup
SelectedBrands-Fashion&Jewellery
AlexanderMcQueenArmani
Balenciaga
BoegaVeneta
Dolce&GabbanaPucci
MoschinoOunass
SergioRossi
StellaMcCarthey
ThomasPinkYvesSaintLauren
GiuseppeZanoGucci
JeanPaulGaul_erJimmyChoo
LoroPiana
MahewWilliamson
AspreyAzal
Boucheron
Bvlgari
DamianiPommelato
Groups opera_ons extendbeyond the UAE into twelve
countries in total with Al Tayer
Insignia being present in
mul_ple Middle East countries
includingBahrain,Kuwait,Oman
andQatar
Fashion & Jewellery lines havearound90outletsintotal
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DUBAILUXURYRETAILPLAYERS
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Overview
Founded in 1974 in the UAE, Bin HendiEnterprisesLLCBinHendiisaprivatelyowned
retailcompanywith opera_onsin theFashion,
Watches & Jewellery, Cosme_cs & Perfume,
HospitalityandFineDining
The Group has porolio of over 75 world-renownedbrands
Addi_onallytoretailsectorBinhHendisBaitu_DesignsLLCofferinteriorsdesignconsultancyin
thedisciplinesofretail&hospitalityprojects
GeographicalReach
BinHendi
SelectedBrands-Fashion&Jewellery
Ar_oliBillionaire
BrioniGFFerre
HugoBoss
Joseph
DelaCourFrancVila
GrafVonFaber-CastellGoldvish
Graff
Jacob&Co
MissSixtyPaul&Shark
ShanghaiTangZilli
Mar_nBraunNavitec
Nubeo
PorscheDesign
UlysseNardin
Welder
Groups core opera_ons in theUAE extend beyond to other
GCCcountriesandIndia
Fashion & Jewellery andFurniture lines have around 40
outletsintotal
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DUBAILUXURYRETAILPLAYERS
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Overview
Founded in 1955 in Damascus, Syria, theChalhoub Group today remains to be family
owned conglomerate with a porolio of over
280luxurybrands
Chalhoub Group specializes in the retail,distribu_onandmarke_ngofrenownedbrandswithinthesectorsofFashion,BeautyandGis
andemploysateamof5,800people
The Group is ac_vely involved with mul_pleprojectsinsocialresponsibilityandpreserva_on
oftheenvironmentfields
GeographicalReach
ChalhoubGroup
SelectedBrandsFashion&Beauty
Berlu_Bonpoint
CarolinaHerreraCeline
Chris_anDior
Chris_anLoubou_n
LouisVuionMarcJacobs
MulberryPaul&Joe
PaulSmith
RalphLauren
D&GDolce&Gabbana
Dsquared2
ErmenegildoZegna
Fendi
Lacoste
BiothremFaces
Kors
LOccitane
MoltonBrown
Sephora
TheCompanyhaspresencein14countriesacrosstheMiddleEast
incl. theUAE, Kingdomof Saudi
Arabia, Qatar, Oman, Kuwait,
Jordan, Iraq, Iran, Lebanon and
Yemen
Chalhoub Group manages over350retailoutletsintotal
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DUBAILUXURYRETAILPLAYERS
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Overview
Paris Gallery Group is the flagship retail anddistribu_ondivisionofAlFahimHoldings,privately
owneddiversifiedbusinessholding
The Group manages retail opera_ons ofhomegrownbrandssuchasParisGalleryStoresandWatchGalleryaswellasoperatesthefranchisesof
interna_onalbrands
38ParisGalleryStoresofferover450interna_onalbrands of Cosme_cs& Fragrances, Accessories &
Watches,EyewearandFashionApparel
GeographicalReach
ParisGalleryGroup
The Group operates over 80stores across the UAE, Saudi
Arabia,QatarandBahrain
In 2009 announced expansionplans of 16 new stores will
increaseGroups retailpresence
to30,524m2intotal
SelectedBrands-Cosme_cs&Fashion&Accessories&Watches
BurberryCar_er
ETRO
Ferrari
RobertoCavalliSalvatoreFerragamo
Baume&MercierChopard
Chris_anDior
Fendi
Hublot
HarryWinston
AlexanderMcQueenGina
Missoni
PedroGarcia
DKNYGivency
BobbiBrownChanel
Clarins
Clinique
CrmedelaMer
Kanebo
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DUBAILUXURYRETAILPLAYERS
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Overview
Salam Group established in 1952, belongs toSalam Interna_onal Investment Limited, Qatari
basedpubliclylistedcompany
SalamGroupoperatesfivedepartmentstoreretailoutlets carrying the latest Luxury and DesignerApparel, Jewellery & Accessories, Beauty &
Cosme_cs, Home Furnishing and Photography
Products
The Grouphas over50% ofQatar'sPerfumes &Cosme_cswholesalemarket
GeographicalReach
SalamGroup
TheGrouphasregionalpresencein the UAE, Dubai and Abu
Dhabi, in Qatar, Doha and in
Oman,Muscat
IntotalSalamGroupu_lizesover20,000squaremofretailspace
SelectedBrandsFashion&Jewellery
7ForAllMankindAlice+Olivia
CatherineMalandrinoClassRobertoCavalli
Diesel
ElieTahari
KenzoPaul&JoeSister
Paul&SharkPhilippPlein
PoloRalphLauren
RedValen_no
FallianoGFFerre
HugoBoss
HuteHippie
JosephJustCavalli
RoccobaroccoSeebyChloe
Theory
Versace
YoanaBaraschi
ZSpoke
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DUBAIFUTURETRENDS
ConceptofLuxuryiswidelyacceptedintheUAEandisprominentlyfeaturedinmedia,environmentand lifestyleandhencethemajorkeydriversforthe furthergrowthandsustainabilityofluxuryretailindustryintheUAEandDubaiare:
Increasingpopula_on Furthergrowingeconomy Welldevelopedinfrastructureandlargeavailabilityofretailspace Risingnumberofregionalplayersintroducing&represen_ngnichebrandson
asmallerscale
IncreasingnumberoftouristsespeciallyfromChinaandIndia
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Forfurtherinforma.onregardingUAEretailenvironment&insightsandoverviews
pleasecontactLuxuryMovement,ManagementConsultancy,specializinginluxury
industrieswithintheMiddleEastandEmergingAsiaWithinluxuryretailsectorweoffermul.pleservicessuchasLuxuryBranding,LuxuryBusinessDevelopmentand
IntegratedMarke.ng Communica.on & PR that can be further customized and
tailoredtoclientsindividualneeds
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LuxuryMovement
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Dubai,UAE
P:+97144421698
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[MariaMeitern]
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www.luxurymovement.com
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