Insight Reports 8 minutes PremiumRevisiting Dubai Retail: New Developments Paint a Promising Scene in Dubai and the Persian Gulf Region Charlotte Rothschild, Analyst Sector Lead: John Harmon, Managing Director of Technology Research February 16, 2023 Table of ContentsIntroduction Market Scale and Opportunity Revisiting Dubai Retail: Coresight Research Analysis 1. Rollback of Dubai’s Alcohol Tax 2. The Qatar World Cup and the Opening Up of the Gulf Region 3. Dubai Expo 2020 Draws Global Business and Tech 4. Influx of Wealthy Russians and Chinese to Boost Retail What We Think What's InsideFollowing a recent visit to the Emirate of Dubai by a member of the Coresight Research team, we assess changing conditions which will likely positively contribute to retail growth in the region in the coming years. Data in this report are: Estimated retail sales for the Gulf Cooperation Council (GCC) for 2022 and 2026 CAGR of tourist arrivals in GCC member states for 2021 through 2026 (estimated) Estimated duty-free sales at select GCC airports for 2022 Total airport flight capacity at Dubai International Airport for January and February 2023 Attendance data from the Dubai Expo 2022 Other relevant research: Market Outlook: Emerging Markets—Localization To Boost Luxury Retailing Travel Retail and Beauty: Conversion Rates of Dreams This report is for Premium subscribers only. Learn more about subscriptions here.If you are a Premium subscriber, please log in. Other research you may be interested in:
