New Market Report United Arab Emirates Retail Report Q1 2015


(MENAFNEditorial)

Consumer and business sentiment in the UAE remains positive with prices across real estate and equity markets having started to head sharply higher in recent months - boding well for prospects of a positive wealth effect. Household spending is forecast to rise from USD32.2bn in 2015 to USD43.1bn by 2018 as incomes rise and more households move into the USD50000-plus wage bracket. With more than a third of all households at this income level by 2018 the growth prospects for retail sectors such as clothing & footwear are very strong.

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.

Full Report Details at
 - http://www.fastmr.com/prod/951083_united_arab_emirates_retail_report_q1_2015.aspx?afid=101

Developers and retailers alike are attracted by the UAE's increasingly wealthy population which aspires to branded and luxury goods. An increasing number of major shopping malls are opening in the largest emirates of Abu Dhabi Dubai and Sharjah with new centres such as The Galleria at Sowwah Square in Abu Dhabi attracting leading retail names. Yas Mall the latest retail destination in Abu Dhabi opened in November 2014 showcasing the country's first Lego store Joe Fresh stand-alone Under Armour store and two-level Go Sports outlet. The mall located on Yas Island has also marked the entry of Hamleys Hollister Brook Brothers Geant Hypermarket The Cheesecake Factory and Pie Face.

UAE-based real estate firm Nakheel has leased 90% of the outlets at Warsan Souk its new retail development in Dubai according to a statement by the company. Warsan Souk situated between Sheikh Mohammed Bin Zayed Road and Manama Road next to International City in Dubai will...

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.
 * Target business opportunities and risks in United Arab Emirates through our reviews of latest industry trends regulatory changes and major deals projects and investments.

Coverage

BMI Industry View

Summary of BMI’s key forecasts and industry analysis plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.

Industry SWOT Analysis

Analysis of the major Strengths Weaknesses Opportunities and Threats within the retail sector and within the broader political economic and business environment.

BMI Industry Forecasts

There are four separate 5-year forecast modules in the retail reports. These are:

 * Headline Retail Forecast: Total household spending (local currency and USDbn % growth % GDP per capita per household) spending by retail sector (food & non-alcoholic drink alcoholic drink clothing & footwear housing & utilities furnishings & home health transport recreation education restaurants & hotels personal care & insurance (local currency and USDbn % growth % GDP % of total spending)
 * Retail Sector Forecast: Breakdown of Food Non Alcoholic Drink Alcohol Tobacco Clothing Footwear Household Goods Furnishings Appliances Glass and Tablewear Household Textiles Consumer Electronics Garden Toys and Pets Home and Garden tools Personal Care Personal Effects Spending (USDbn % Growth)
 * Household Income and Numbers Forecast: Number of Households (‘000 % growth); gross income per household and per capita; net income per household and per capita; tax and social contributions per capita; breakdown of household incomes – USD5000+ USD10000+ USD50000+ (‘000 % of total); labour force employment and unemployment (‘000 % change)
 * Demographic Forecast: Total population; Babies 0-12 months; Young Children 0-4yrs; Children 5-9yrs; Young Teens and Older Children 10-14yrs; Older Teens 15-19yrs; Adults 21yrs +; Young Adults 21-29yrs; Middle Aged 40-64yrs (‘000 % growth male female); Urban Population (‘000 % population); Rural Population (‘000 % population).

BMI’s Retail Risk Reward Index

BMI’s Risk Reward Indices provide investors looking for opportunities in the region with a clear country comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide indices of highest to lowest appeal to investors with each position explained.

Market Overview

Provides a detailed country-specific analysis of the key trends and developments in the retail sector as a whole as well as an assessment of the main drivers affecting the major retail segments including mass grocery retail fashion pharmacies consumer electronics home improvement and personal care. The market overview also considers the most effective store formats in a given country and the impact of these factors on the main international and domestic players’ development strategies.

Competitive Landscape

This provides a brief overview of the key players in each subsection of the retail sector including MGR Fashion Home Improvement Consumer Electronics Pharmacies and Department Store chains.

Sources

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