UAE Luxury Watch Market Size, Trends, CAGR & Share by 2030

UAE Luxury Watch Market Research Report: Forecast (2025-2030)

UAE Luxury Watch Market Size, Share and Trends Analysis By Type (Mechanical, Electronic), By Band Type (Strap-Based, Chain-Based), By End-User (Men, Women, Unisex), By Distribution Channel (Offline Re... ... Channel (Offline Retail, Online Retail), By Region (Dubai Abu Dhabi & Al Ain Sharjah & Northern Emirates) and others Read more

FMCG
Jun 2025
Pages 143
Report Format: PDF, Excel, PPT

Market Insights & Analysis: UAE Luxury Watch Market (2025-30):

The UAE Luxury Watch Market size was valued at around USD1.61 billion in 2024 and is projected to reach USD2.21 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.21% during the forecast period, i.e., 2025-30. The main reasons behind this growth are the increasing disposable incomes of people, the increasing number of tourist arrivals, culture of showing high-class status through luxury items, presence of multiple watchmaker companies, growing female consumer base, tax-free purchasing, and the growth of e-commerce providing ease to young generations in choosing their desired products.

The luxury watch market in the UAE has seen high growth in recent years. This can be observed from the increasing sales and imports of premium Swiss watches. As per the International Trade Council, the quantity of Swiss watches imported in the UAE increased by around 11.8% in 2024 compared to the previous year. Moreover, according to the owner of MB&F, an independent Swiss watchmaker company, the demand for premium watches has increased as they were struggling to sell even two watches some years back, but sold around 46 watches in 2024, some of which cost more than USD2,40,000. Therefore, a significant rise in imports and sales of premium watches in the UAE indicates the good growth of the market.

Report Coverage	Details
Historical Years	2020–23
Forecast Years	2025–30
Market Value in 2024	USD 1.61 Billion
Market Value by 2030	USD 2.21 Billion
CAGR (2025–30)	5.21%
Top Key Players	Rolex, Patek Philippe, Audemars Piguet, Omega, Hublot, IWC Schaffhausen, Jaeger-LeCoultre, Richard Mille, Chopard, Breguet, Others
Key Report Highlights	Market Dimensions & Projections Pricing Evaluation Recent Strategic Moves by Companies Primary Stakeholders Import/Export Trend Analysis Competitive Landscape Assessment Emerging Opportunities Market Trends and Indicators

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Furthermore, the market is highly supported by the tourists coming to the UAE. More tourists directly correlate with high sales of luxury and premium products. Around 18.74 million people visited Dubai in 2024, as per the government data. Some tourists are highly inclined towards purchasing luxury watches from the UAE as there is no tax on purchasing, and they can choose their desired watch from a wide collection of multiple brands in the country. Hence, an increasing number of tourists directly correlates with high sales of luxury watches. Therefore, the market has experienced high growth due to the high income of the population and their aim to symbolize status by purchasing premium products, and this trend is fueled by the presence of multiple well-known watchmakers in the country and its tax-free environment.

UAE Luxury Watch Market Driver:

Increasing Number of High Net Worth Individuals Driving the Market Growth – The number of people with high incomes, including both local and expats, is continuously increasing in the UAE. For instance, as per a global property management company, around 7,000 millionaires came to reside in the UAE in 2024, showing an increase of around 48.93% compared to 2023. Such people are the major buyers of luxury watches, as these products enhance their status symbol. Also, various luxury watches are not just for fashion but also act as an investment, mainly the rare pieces or those with precious metals & stones. Hence, most of the HNWIs are attracted by these watches, thus increasing their demand. Therefore, the presence of multiple high-earning people in the UAE has driven the market growth, and this trend is expected to continue in the future as well.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
UAE Luxury Watch Market Trends & Developments
UAE Luxury Watch Market Dynamics
1. Drivers
2. Challenges
UAE Luxury Watch Market Regulations, Policies & Standards
UAE Luxury Watch Market Hotspot & Opportunities
UAE Luxury Watch Market Outlook, 2020-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Size & Analysis
  1. By Type
    1. Mechanical- Market Size & Forecast 2020-2030, USD Million
    2. Electronic- Market Size & Forecast 2020-2030, USD Million
  2. By Band Type
    1. Strap-Based- Market Size & Forecast 2020-2030, USD Million
    2. Chain-Based- Market Size & Forecast 2020-2030, USD Million
  3. By End-User
    1. Men- Market Size & Forecast 2020-2030, USD Million
    2. Women- Market Size & Forecast 2020-2030, USD Million
    3. Unisex- Market Size & Forecast 2020-2030, USD Million
  4. By Distribution Channel
    1. Offline Retail- Market Size & Forecast 2020-2030, USD Million
    2. Online Retail- Market Size & Forecast 2020-2030, USD Million
  5. By Region
    1. Dubai
    2. Abu Dhabi & Al Ain
    3. Sharjah & Northern Emirates
  6. By Competition
    1. Competition Characteristics
    2. Market Share Analysis
UAE Mechanical Luxury Watch Market Outlook, 2020-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Size & Analysis
  1. By Band Type- Market Size & Forecast 2020-2030, USD Million
  2. By End-User- Market Size & Forecast 2020-2030, USD Million
  3. By Distribution Channel- Market Size & Forecast 2020-2030, USD Million
  4. By Region- Market Size & Forecast 2020-2030, USD Million
UAE Electronic Luxury Watch Market Outlook, 2020-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Size & Analysis
  1. By Band Type- Market Size & Forecast 2020-2030, USD Million
  2. By End-User- Market Size & Forecast 2020-2030, USD Million
  3. By Distribution Channel- Market Size & Forecast 2020-2030, USD Million
  4. By Region- Market Size & Forecast 2020-2030, USD Million
UAE Luxury Watch Market Key Strategic Imperatives for Success & Growth
Competitive Outlook
1. Company Profiles
  1. Rolex
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Patek Philippe
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Audemars Piguet
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Omega
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Hublot
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. IWC Schaffhausen
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Jaeger-LeCoultre
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Richard Mille
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Chopard
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Breguet
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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