Market News
Luxury keeps strong in UAE
The UAE remains a hotspot for luxury retail trade, with 25% of the Emirates' residents viewing luxury items as part of their lifestyle, according to published results of a recent survey conducted by research firm Synovate. The number of designer shops, high-end hotels and posh shopping malls is also on a rise in the UAE, especially in Abu Dhabi, thereby making the capital city one among the top locations for up market goods.