The majority of luxury watch sales in the United Arab Emirates are fuelled by high-income tourists. The slow return of these tourists negatively impacted growth in 2021, although sales expected to get close to 2019 levels by 2022. Many travellers also view exclusive timepieces as an investment vehicle, with this expected to fuel the recovery of this high-end niche group of watches. There is growing interest among local UAE consumers in high-value watches as an investment asset.
Article source: https://marketreportsonsaudiarabia.com/report/664807/watches-in-the-united-arab-emirates