UAE Luxury Watch Market Future Business Opportunities 2025-2030 | MarkNtel
UAE Luxury Watch Market: Key Dynamics, Size & Share Analysis
As per MarkNtel Advisors the UAE Luxury Watch Market size was valued at around USD1.61 billion in 2024 and is projected to reach USD2.21 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.21% during the forecast period, i.e., 2025-30.
UAE Luxury Watch Market Driver:
Increasing Number of High Net Worth Individuals Driving the Market Growth – The number of people with high incomes, including both local and expats, is continuously increasing in the UAE. For instance, as per a global property management company, around 7,000 millionaires came to reside in the UAE in 2024, showing an increase of around 48.93% compared to 2023. Such people are the major buyers of luxury watches, as these products enhance their status symbol. Also, various luxury watches are not just for fashion but also act as an investment, mainly the rare pieces or those with precious metals & stones. Hence, most of the HNWIs are attracted by these watches, thus increasing their demand. Therefore, the presence of multiple high-earning people in the UAE has driven the market growth, and this trend is expected to continue in the future as well.
In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
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UAE Luxury Watch Market: Key Dynamics, Size & Share Analysis
As per MarkNtel Advisors the UAE Luxury Watch Market size was valued at around USD1.61 billion in 2024 and is projected to reach USD2.21 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.21% during the forecast period, i.e., 2025-30.
UAE Luxury Watch Market Driver:
Increasing Number of High Net Worth Individuals Driving the Market Growth – The number of people with high incomes, including both local and expats, is continuously increasing in the UAE. For instance, as per a global property management company, around 7,000 millionaires came to reside in the UAE in 2024, showing an increase of around 48.93% compared to 2023. Such people are the major buyers of luxury watches, as these products enhance their status symbol. Also, various luxury watches are not just for fashion but also act as an investment, mainly the rare pieces or those with precious metals & stones. Hence, most of the HNWIs are attracted by these watches, thus increasing their demand. Therefore, the presence of multiple high-earning people in the UAE has driven the market growth, and this trend is expected to continue in the future as well.
In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
Explore the Insights – Download a Free Sample:
https://www.marknteladvisors.com/query/request-sample/uae-luxury-watch-market.html
UAE Luxury Watch Market Future Business Opportunities 2025-2030 | MarkNtel
UAE Luxury Watch Market: Key Dynamics, Size & Share Analysis
As per MarkNtel Advisors the UAE Luxury Watch Market size was valued at around USD1.61 billion in 2024 and is projected to reach USD2.21 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.21% during the forecast period, i.e., 2025-30.
UAE Luxury Watch Market Driver:
Increasing Number of High Net Worth Individuals Driving the Market Growth – The number of people with high incomes, including both local and expats, is continuously increasing in the UAE. For instance, as per a global property management company, around 7,000 millionaires came to reside in the UAE in 2024, showing an increase of around 48.93% compared to 2023. Such people are the major buyers of luxury watches, as these products enhance their status symbol. Also, various luxury watches are not just for fashion but also act as an investment, mainly the rare pieces or those with precious metals & stones. Hence, most of the HNWIs are attracted by these watches, thus increasing their demand. Therefore, the presence of multiple high-earning people in the UAE has driven the market growth, and this trend is expected to continue in the future as well.
✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
Explore the Insights – Download a Free Sample: https://www.marknteladvisors.com/query/request-sample/uae-luxury-watch-market.html
UAE Luxury Watch Market: Key Dynamics, Size & Share Analysis
As per MarkNtel Advisors the UAE Luxury Watch Market size was valued at around USD1.61 billion in 2024 and is projected to reach USD2.21 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.21% during the forecast period, i.e., 2025-30.
UAE Luxury Watch Market Driver:
Increasing Number of High Net Worth Individuals Driving the Market Growth – The number of people with high incomes, including both local and expats, is continuously increasing in the UAE. For instance, as per a global property management company, around 7,000 millionaires came to reside in the UAE in 2024, showing an increase of around 48.93% compared to 2023. Such people are the major buyers of luxury watches, as these products enhance their status symbol. Also, various luxury watches are not just for fashion but also act as an investment, mainly the rare pieces or those with precious metals & stones. Hence, most of the HNWIs are attracted by these watches, thus increasing their demand. Therefore, the presence of multiple high-earning people in the UAE has driven the market growth, and this trend is expected to continue in the future as well.
✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
Explore the Insights – Download a Free Sample: https://www.marknteladvisors.com/query/request-sample/uae-luxury-watch-market.html