Step into the vibrant destination of Dubai, and one finds the global footing of every international brand in the fashion and retail sector. From stunning local designers to chic haute couture, from vintage collections and latest trends to luxury pieces, the best of the lot finds a deserving presence in Dubai.
In the last two decades, Dubai has been in the spotlight as the luxury Fashion Hub of the world and isParis of the Middle East. Besides offering a chance to shop everything to the multitude of Dubai-based and tourist buyers, Dubai also hosts many events on a large scale to flourish in the fashion and retail industry.
Events such as the Dubai Shopping Festival Fashion Forward, Arab Fashion Week, Beauty World, and recently concluded EXPO 2020 offer a vast opportunity for buyers to find diverse collections in one place and significantly empower the fashion and retail industry.
Fashion is a rising business in the United Arab Emirates (UAE).
As per Statista Market Forecast, UAE’s revenue in the fashion industry touched a glaring US$2,000.00 million in 2021, and to grow with an estimated annual growth rate of 12 % by the end of 2025 and reach a projected market volume of $3,000 million. The largest market segment is apparel, with a projected market volume of US$1,516m in 2021.
In an era where design thinking is an integral element of all aspects of everyday life, starting from architecture to clothing to interior fit-outs to media to technology to representations in the digital world and creating a unique home space, Dubai is all set to position itself as a strategic design hub for art, design, and culture. And to achieve this, Dubai created the Dubai Design District, the region’s hub for innovation, fashion, and culture, where trendsetters and forward-thinkers shape the future of design every day.
An interactive ecosystem houses established designers, nurtures emerging creatives, and provides a platform for startups and students to rethink the regular.
The interior design market also contributes to the economy’s overall health of the UAE, besides retail fashion and trade. And the UAE is spearheading the interior design industry of the Gulf market with an approximate market share of 40 to 45 %. Architecture and design innovation are changing people’s lifestyles in Dubai. The UAE’s interior design market is driven by innovative architecture and interior design projects and the market’s sustainability.
Residential projects and new and refurbishment contributes to the largest share of interior design projects. An increase in residential construction and government initiatives has led to the development of the residential interiors market in the UAE. Increasing overall residential spending and rising population growth are driving the market. Minimizing the gap between upper and lower-income people and affordable housing will lead to market creation and devilment.
Fashion is a rising business in the United Arab Emirates (UAE).
