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: Free Zones in the UAE |
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Dubai Airport
Freezone
[DAFZ] |
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| Luxury brands in Dubai Airport
Freezone eye GCC markets to boost sales |
| High end luxury brands dealers operating in
Dubai Airport Freezone have changed their strategy
by increasing sales in the rich-countries of the GCC
to phase out any negative impact caused by the
financial crisis. |
Dubai Airport Freezone |
Benefiting from their presence in
Dubai Airport Freezone, luxury products dealers are
upbeat on the vibrant Gulf markets hungry for
high-end brands. A number of luxury brands brands
representatives, said, "Our Middle East markets have
been slightly hit by the worldwide downturn, however
this has helped us innovate and adopt new marketing
tactics and open new markets with new different
variety of products.
According to a Luxury Goods Worldwide Market Study
released by Bain & Company, "Luxury goods markets,
one thought to be immune to the ebbs and flows of
economic fluctuations, but the impact is felt though
marginally. The slowest growth rate stands in stark
contrast to the +9 per cent growth seen in 2006 and
the +6.5 per cent growth seen in 2007."
The study predicts as much as a 7 per cent decline
in global luxury sales for 2009 using constant
exchange rates, in contrast to a possible -2 per
cent decline when using current exchange rates. The
study was commissioned by Altagamma, the Italian
association of luxury goods companies. Trade experts
believe that although the region will not be totally
insulated from the credit crunch unlike the US and
Europe, the Middle East will be less affected. |
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Courtesy GOWEALTHY.COM
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Hot
properties in UAE - Freehold |
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