Dubai is among the cities in the world that offer the best shopping opportunities.
Dubai is one of the best cities in the world when it comes to luxury shopping, and the most important center in the region where shoppers can find high-quality products from around the world, said James Bubb of Deloitte Middle East. So Bubb commented on the fifth annual report of Deloitte's Global Powers of Luxury Goods.
According to the report, the growth of the elite products market in the United Arab Emirates as a whole in 2017 was relatively slow in accordance with the general slowdown in the region. The situation in the luxury market in the UAE is also associated with a drop in demand caused by rising rental and education expenses in the country, as well as with the recent introduction of value added tax since January 2018.
Nevertheless, the Middle East accounts for one of the largest groups of young people in the world, and millennials in the Middle East are richer than the average in the world, and their desire to spend money on purchases is stronger.
