UAE Luxury Watch Market: Insights on Demand by Region, 2030 |...

UAE Luxury Watch Market: Insights on Demand by Region, 2030

Posted 2025-07-28 11:47:23

Executive Summary

The UAE Luxury Watch Market is undergoing a significant transformation, poised for impressive growth as consumer preferences evolve and the e-commerce landscape expands. Valued at approximately USD 1.61 billion in 2024, the market is projected to reach about USD 2.21 billion by 2030, with a remarkable compound annual growth rate (CAGR) of 5.21% from 2025 to 2030. This growth trajectory is fueled by rising disposable incomes, an increase in high-net-worth individuals, and a burgeoning interest in premium women’s watches. Additionally, a tax-free purchasing environment and the influx of tourists are crucial drivers in this competitive market.

How Big is the UAE Luxury Watch Market?

Market Size in 2024: USD 1.61 billion
Market Size by 2030: USD 2.21 billion
CAGR (2025–30): 5.21%
Historical Years: 2020–2023
Base Year: 2024
Forecast Years: 2025–2030
Country/Region Breakdown: Dubai, Abu Dhabi, Al Ain, Sharjah & Northern Emirates

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Emerging Trends in the UAE Luxury Watch Market

1.) Increased Interest from Women

The women’s luxury watch segment has experienced a remarkable surge, gaining significant traction in recent years. With more brands launching dedicated women’s collections, the market is witnessing a transformation in consumer preferences. Women are not only looking for fashion statements but also sophisticated pieces that symbolize status and investment, making this segment increasingly attractive to watchmakers.

2.) E-Commerce Growth

The UAE's e-commerce sector is expanding rapidly, offering new opportunities for luxury watch brands to engage with consumers. By integrating features like virtual try-ons and exclusive online collections, companies can appeal to tech-savvy buyers. This trend aligns with the growing preference for online purchasing, particularly among younger, affluent shoppers who seek convenience and a wide array of options.

3.) Rise of High-Net-Worth Individuals (HNWIs)

An increasing number of high-net-worth individuals in the UAE is significantly driving the luxury watch market. The influx of affluent residents enhances demand for premium products, as luxury watches serve both as fashion items and investments. Brands are increasingly targeting this market segment, leveraging exclusivity and craftsmanship to attract discerning buyers.

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Segment Analysis

By Type:

Mechanical Watches
Electronic Watches

By Band Type:

Strap-Based
Chain-Based

By End-User:

Men
Women
Unisex

By Distribution Channel:

Offline Retail
Online Retail

By Country/Region:

Dubai
Abu Dhabi & Al Ain
Sharjah & Northern Emirates

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By MarkNtel Advisors, the top UAE Luxury Watch Brands in the market in 2025:

Rolex
Patek Philippe
Audemars Piguet
Omega
Hublot
IWC Schaffhausen
Jaeger-LeCoultre
Richard Mille
Chopard
Breguet

Exploring the Research Findings

The report answers critical questions that stakeholders in the market seek to address. Key questions include:

What is the projected CAGR of the UAE Luxury Watch Market by 2030?
How will the UAE Luxury Watch Market size evolve from 2025 to 2030?
What is the forecasted value of the UAE Luxury Watch Market in 2030?
Which factors will drive growth in the UAE Luxury Watch Market by 2030?
Which regions will lead market growth through 2025–2030?
What segments are expected to expand fastest by 2030?
Who are the expected market leaders in 2025–2030?
What will be the top strategies for success in this market?
How will tech innovations reshape this market by 2030?
What investment trends are shaping the UAE Luxury Watch Market?
How will consumer demand shift in the next five years?
What risks could impact market growth through 2030?
Which new applications will drive future market value?
What charts show forecasted trends in this market?
What metrics should investors track from 2025 to 2030?

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

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