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UAE Retail Market is projected to grow to $ 75 billion by 2025

UAE retail market is segmented based on By Type, By Type of Market, By Distribution Channel and By Region. Based on Type, the market is segmented into Food Retail and Non-Food Retail. Food Retail holds the largest share and is expected to maintain its lead in future too. In the Food Retail segment, the market for fresh food has a huge potential, while other niche segments, such as organic food, are also catching up. http://bit.ly/2ECGozR

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UAE Retail Market is projected to grow to $ 75 billion by 2025

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  1. Published: October 2020 www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING 1 © TechSci Research

  2. Table of Contents S. No. Contents 1. Product Overview 2. Research Methodology 3. Impact of COVID-19 on UAE Retail Market 4. Executive Summary 5. Voice of Customer 5.1. Sources of Information (N = 100) 5.2. Preferred Mode of Distribution Channel (N = 100) 5.3. Factors Influencing Purchase Decision (N = 100) 5.4. Average Monthly Expenditure on Food Products (N=100) 6. UAE Retail Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Type (Food Retail v/s Non-Food) 6.2.2. By Type of Market (Organized v/s Unorganized) By Distribution Channel (Exclusive Stores, Supermarket/Hypermarket, Specialty Retailers, Department Stores, General Merchandise Stores, Online, Others) 6.2.3. 2

  3. Table of Contents S. No. Contents 6.2.4. By Region (Sharjah, Dubai, Abu Dhabi, Rest of UAE) By Company (2019) 6.2.5. 6.3. Market Attractiveness Map, By Distribution Channel Dubai Retail Market Outlook 7. 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Type 7.2.2. By Type of Market 7.2.3. By Distribution Channel 8. Abu Dhabi Retail Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Type 8.2.2. By Type of Market 8.2.3. By Distribution Channel 9. Sharjah Retail Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Type 9.2.2. By Type of Market 9.2.3. By Distribution Channel 3

  4. Table of Contents S. No. 10. Contents Market Dynamics 10.1. Drivers/Opportunities 10.2. Challenges/Restraints 11. Market Trends & Developments 12. Policy & Regulatory Landscape 13. Import & Export Analysis 14. Pricing Analysis 15. UAE Economic Profile 16. Competitive Landscape 16.1. Majid Al Futtaim Group 16.2. Lulu Group International 16.3. Spinneys Dubai LLC 16.4. Landmark Group 16.5. The Savola Group 16.6. Azadea Group 16.7. Amazon (Souq) 16.8. M.H. Alshaya Co. (Al Shaya Group) 16.9. Fathima Group of Companies. 16.10. Al Maya Group LLC 17. Strategic Recommendations 18. About Us & Disclaimer 4

  5. L i s t o f F i g u r e s Figure No. Title Figure 1: Sources of Information (N = 100) Figure 2: Preferred Mode of Distribution Channel (N = 100) Figure 3: Factors Influencing Purchase Decision (N = 100) Figure 4: Average Monthly Expenditure on Food Products (N=100) Figure 5: UAE Retail Market Size, By Value (USD Billion), 2015-2025F Figure 6: UAE Population Size (In Million), 2015-2019 Figure 7: UAE Retail Market Share, By Type, By Value, 2015-2025F Figure 8: UAE Retail Market Share, By Type of Market, By Value, 2015-2025F Figure 9: UAE Retail Market Share, By Distribution Channel, By Value, 2015-2025F Figure 10: UAE Retail Market Share, By Region, By Value, 2015-2025F Figure 11: UAE Retail Market Share, By Company, By Value, 2019 UAE Retail Market, Region Map, By Distribution Channel on the Basis of Market Size (USD Billion) & Growth Rate (%) Figure 12: Figure 13: Dubai Retail Market Size, By Value (USD Billion), 2015-2025F Figure 14: UAE GDP (In USD Billion), 2015-2019 Figure 15: Dubai Retail Market Share, By Type, By Value, 2015-2025F Figure 16: Dubai Retail Market Share, By Type of Market, By Value, 2015-2025F Figure 17: Dubai Retail Market Share, By Distribution Channel, By Value, 2015-2025F Figure 18: Abu Dhabi Retail Market Size, By Value (USD Billion), 2015-2025F Figure 19: UAE GNI Per Capita (In USD Thousand), 2015-2019 Figure 20: Abu Dhabi Retail Market Share, By Type, By Value, 2015-2025F Figure 21: Abu Dhabi Retail Market Share, By Type of Market, By Value, 2015-2025F 5

  6. L i s t o f F i g u r e s Figure No. Title Figure 22: Abu Dhabi Retail Market Share, By Distribution Channel, By Value, 2015-2025F Figure 23: Sharjah Retail Market Size, By Value (USD Billion), 2015-2025F Figure 24: UAE Mobile Cellular Subscriptions (Per 100 People), 2015-2019 Figure 25: Sharjah Retail Market Share, By Type, By Value, 2015-2025F Figure 26: Sharjah Retail Market Share, By Type of Market, By Value, 2015-2025F Figure 27: Sharjah Retail Market Share, By Distribution Channel, By Value, 2015-2025F Figure 28: UAE Import of Footwear with HS Code: 6402 (In Million Pairs) Figure 29: UAE Import of Processed Food with HS Code: 2106 (In Million KGs) Figure 30: UAE Export of Jewelry with HS Code: 711320 (In Thousand KGs) Figure 31: UAE Export of Processed Food with HS Code: 2106 (In Million Kgs) List of Tables Figure No. Title Table 1: Pricing Analysis of Process Food in Retail, 2020 Table 2: Pricing Analysis of Appliances in Retail, 2020 Table 3: Pricing Analysis of Jewelry in Retail, 2020 Table 4: Pricing Analysis of Apparel in Retail, 2020 6

  7. PRODUCT OVERVIEW PRODUCT OVERVIEW 7 © TechSci Research

  8. Scope of Report Product of Interest (POI): Retail Market Retail is a process of trading consumer-based goods or services in small orders or individual based selling, through various supply chains. These supply chains can be online (website based) or offline (via supermarket, hypermarket, shops, exclusive stores, etc.). Based on type, retail market can be segregated into food and non-food retail. This report covers retail market in both organised and unorganised sectors. Market Segmentation TYPE OF MARKET TYPE Organised market Unorganised Market Food Retail Non-Food retail • • • • DISTRIBUTION CHANNEL REGION Exclusive Stores Supermarket/Hypermarket Specialty Retailers Department Stores General Merchandise Stores Online Others Dubai Abu Dhabi Sharjah Rest of UAE • • • • • • • • • • • 8 © TechSci Research

  9. RESEARCH METHODOLOGY RESEARCH METHODOLOGY 9 © TechSci Research

  10. Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in the UAE retail market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the UAE retail market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 10 © TechSci Research

  11. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of UAE Retail market. The team has analyzed the outlook of various segments of the market, while considering the major influencing factors such as rapid urbanisation in the country and increasing online sales. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the UAE Retail market. Methodology Followed for Calculation of Market Size: Market Size by Value : Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive secondary • research and primary surveys, with various key opinion leaders/stakeholders, such as Retail companies, channel partners, end users, industry experts, and other industry participants. The team interviewed more than 10 Retail companies, 100 end users, and 15 – 20 industry experts and other value chain stakeholders in the UAE Retail • market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019. 11 © TechSci Research

  12. Research Methodology Respondents were asked about the current and future market growth rates, market shares by type, by type of market, by distribution channel, by • region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by type, by type of market, by distribution channel, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of the retail market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast UAE Retail market, • TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 12 © TechSci Research

  13. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. Partial List of Companies Interviewed Key Secondary Sources Majid Al Futtaim Group World Bank ▪ ▪ Landmark Group TechSci Research Proprietary Database & Knowledge ▪ ▪ The Savola Group Repository ▪ Azadea Group Company Annual Reports ▪ ▪ Amazon (Souq) Industry Magazines ▪ ▪ M.H. Alshaya Co. (Al Shaya Group) Industry Reports ▪ ▪ Fathima Group of Companies Food and Drug Administration (FDA) ▪ ▪ Lulu Group International News Dailies ▪ ▪ Spinneys Dubai LLC Credible Paid Databases ▪ ▪ Al Maya Group LLC ▪ 13 © TechSci Research

  14. Industry Brief According to TechSci Research report, “UAE Retail Market By Type, By Type of Market, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2025”, the UAE retail market is projected to grow from $ 55 billion in 2019 to $ 75 billion by 2025. Major factors behind the growth of retail market in the UAE include rising per capita income, growing tourism industry, increasing expatriate population and rising number of upcoming development projects in the region such as Deira Mall (Dubai), Al Maiyah Central (Abu Dhabi), Cityland Village (Dubai), Tilal Mall (Sharjah), Reem Mall (Abu Dhabi), among others. In addition, the Mega event ‘Dubai World Expo 2020’ will boost the construction, infrastructure, and tourism industry in the UAE. Furthermore, emerging technologies such as AI, IoT, Big Data Analytics, among others, are reshaping the retail industry in the country. Also, the retail e-commerce market continues to grow due to the growing penetration of smartphones and the usage of social media platforms. In addition, better access to secure online payment and gradual improvement of logistics capabilities are positively influencing UAE retail market The UAE retail market is segmented based on type, type of market, distribution channel, and region. Based on distribution channel, the market is fragmented into, supermarket/hypermarket, exclusive stores, specialty retailers, department stores, general merchandise stores, and online segments. The supermarket/hypermarket segment grabbed the largest share in the UAE retail market as the market is highly modernized with leading hypermarket and supermarket retailers like Carrefour, Spinneys, Geant, EMKE, and Al Madina present in all the major locations in the UAE. Apart from having a high concentration of hypermarkets/supermarkets, the UAE also has a well-integrated logistics network. Based on Type, the market is split into Non-Food Retail and Food Retail. The UAE Food Retail segment dominates the market on account of rising urbanization, increasing income levels and strong retail-supported infrastructure that offers an environment for a thriving modernized food retail market. Retail market environment has been primarily designed along the standards prevailing in Western countries. Moreover, the hypermarket/supermarket culture has been embedded in the minds of the Emirati consumers. Such factors contribute to a large proportion of food retailing from integrated hypermarkets/supermarkets, which in turn allows them to establish successful partnerships with logistics firms. Based on type of market, the country’s retail market is categorized into Organized and Unorganized market. The UAE retail market is dominated by the organized segment. The major factor behind this is that both international and domestic players are actively emphasizing on increasing floor space by opening new stores due to rising demand for quality products across the country. In terms of regional segmentation, the market is further split into Dubai, Abu Dhabi, Sharjah, and Rest of UAE. The Gulf has world-class malls that act as a magnet for domestic and international consumers. Dubai is leading all other Gulf locations when it comes to quality retail space. The Dubai Mall, built over a million square meters, is the largest shopping and entertainment destination in the world. Furthermore, Dubai is one of the top 10 cities in the world in terms of new retail space under construction. The most prominent among the new retail projects is Dubai Holding’s Mall of World, which, when completed, will have the capacity to host 180 million visitors, annually. The UAE Retail market is rapidly growing and the key players operating in market include Lulu Group International, Majid Al Futtaim, Landmark Group, The Savola Group., Azadea, Amazon.ae (Souq), Fathima Group of Companies, Carrefour, Spinneys Dubai LLC, Al Maya Group LLC, among others. “Increasing advancements in technology including augmented reality, virtual reality, artificial intelligence, and IoT to improve store operations, ease accurate inventory management, and enhance consumer shopping experience are among the leading trends emerging in the UAE retail market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 14 © TechSci Research

  15. Sample Data - Snapshot UAE Retail Market Size, By Value (USD Billion), 2015-2025F 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F CAGR BY VALUE (2015-2019): xx% CAGR BY VALUE (2020E-2025F): xx% Dubai Retail Market Share, By Type, By Value, 2015-2025F 2015 40.00% 60.00% 2016 40.00% 60.00% 2017 40.00% 60.00% 2018 40.00% 60.00% 2019 40.00% 60.00% 2020E 40.00% 60.00% 2021F 40.00% 60.00% 2022F 40.00% 60.00% 2023F 40.00% 60.00% 2024F 40.00% 60.00% 2025F 40.00% 60.00% Non-Food Retail Food Retail Dubai Retail Market Share, By Distribution Channel, By Value, 2015-2025F 2015 2016 5.00% 2017 5.00% 2018 5.00% 2019 5.00% 2020E 5.00% 2021F 5.00% 2022F 5.00% 2023F 5.00% 2024F 5.00% 2025F 5.00% Supermarkets/Hypermarkets 5.00% Exclusive Stores Speciality Retailers Department Stores General Merchandise Store Online 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 23.00% 23.00% 23.00% 23.00% 23.00% 23.00% 23.00% 23.00% 23.00% 23.00% 23.00% 27.00% 27.00% 27.00% 27.00% 27.00% 27.00% 27.00% 27.00% 27.00% 27.00% 27.00% 15 © TechSci Research

  16. Report Ordering Report Name: UAE RETAIL MARKET COMPETITION, FORECAST AND OPPORTUNITIES 2015 – 2025 Report Price License Type Price Electronic Access - Single User License $3450 Electronic Access - Multi-User License $4450 Custom Research License $8450 To View Sample OR Purchase Report 16 © TechSci Research

  17. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports Saudi Arabia Retail Market By Distribution Channel (Hypermarket, Online Retail, Exclusive Stores, Specialty Retailers, Supermarket & Others), By Product Category (Food & Beverages, Apparel & Footwear, Appliances & others), Competition, Forecast & Opportunities, 2024 • India Modern Retail Space Market By Category (Departmental Stores, Food & Beverages, Entertainment, Home & Lifestyle, Hyper/Supermarkets and Others), By Occupancy Type (Malls and Shopping Streets), By Size (0-500 sq. ft., 501-1000 sq. ft., 1001-2000 sq. ft., 2001-3000 sq. ft. and Above 3000 sq. ft.), Competition, Forecast & Opportunities, 2014-2024 • TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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