The Retail market in the UAE remains
a high-potential segment with a CAGR of 6.24% expected over the period 2012 to 2017.
It is also predicted that by 2017, the retail market will continue to experience
robust growth and reach AED 159.5 billion. Specialist retailers contributed to
the growth in UAE’s retail market by driving the amount of revenues and
comprised the largest channel group, accounting for 47.9% of total UAE retail
sales in 2012 or AED 56.5 billion in value terms.
This will result in the retail
market increasing by 2017. In 2012 online retailers comprised the
fastest-growing channel group, with a CAGR of 16.13% and the segment is
expected to record the fastest growth among all the other categories. Food and
Grocery was the fastest-growing retail market category, accounting for 41.2% of
total UAE retail sales, while the books, news and stationery sectors are
expected to suffer a marked decline during the same period with a CAGR of
2.24%.
For further
insights, The Future of Retailing in UAE to 2017
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Research on UAE
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