MAD Talk E32 - Dubai Analysis

The Luxury industry market in Dubai.

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Thomas Mesmin, Partner at MAD, analyzes the Luxury industry market in Dubai for us.

After a succession of growth and crisis phases between 2005 and 2020, the Dubai government has managed to convert the Covid crisis and the Russo-Ukrainian conflict into opportunities by attracting capital and HNWI. In just four years, real estate prices have doubled and luxury sales have exploded, especially in the two iconic malls: Dubai Mall and Mall of the Emirates. Beyond Dubai, the Middle East, with ambitious projects, especially in Saudi Arabia, offers exciting new perspectives for Luxury Houses.

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/ How to explain this growth?

/ What are the evolutions for retail networks in Dubai?

/ What are the prospects for luxury in the region?

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