Arab Luxury Market Set to Double by 2030: LUXONOMY™ Releases New Edition of the “Arab Luxury Report”
The market intelligence firm LUXONOMY™ has officially launched the latest edition of its strategic report “Arab Luxury 2025–2030”, now available to professionals and investors in the luxury industry. This comprehensive publication provides an in-depth analysis of the luxury market across the Arabian Peninsula—particularly the Gulf Cooperation Council (GCC) countries—and outlines the key trends expected to shape the industry by 2030. From fashion and prime real estate to high-end automotive, fine jewelry, and experiential travel, the region is rapidly establishing itself as a global luxury epicenter.
Below is a summary of the report’s most critical strategic insights.
Luxury Market Set to Double by 2030: Over $30 Billion USD in the GCC
The report forecasts that the luxury market in the Arabian Peninsula will nearly double its current value, exceeding $30 billion USD by 2030. This extraordinary expansion is being driven by solid macroeconomic indicators and the rollout of large-scale development projects, positioning the region as one of the fastest-growing luxury markets worldwide.
UAE and Saudi Arabia Account for 80% of Regional Luxury Spending
The UAE and Saudi Arabia are the dominant forces in the region, jointly accounting for approximately 80% of total luxury spending. The UAE—particularly Dubai and Abu Dhabi—continues to serve as the primary hub for luxury retail, hospitality, and tourism. Meanwhile, Saudi Arabia is rapidly gaining ground, fueled by the Vision 2030 reform program and a growing trend of repatriating luxury spending back into the Kingdom. This shift is gradually redistributing market weight across the Gulf.
Booming Sectors: Fashion, Hospitality, Real Estate, Automotive, and Experiential Luxury
The report identifies several high-growth segments in the regional luxury economy:
Fashion: Driven by the rise of luxury modest fashion, designer retail, and high-end accessories tailored to local tastes.
Hospitality: A surge in five-star hotels and gourmet dining experiences tied to the region’s expanding tourism appeal.
Luxury Real Estate: New residential and commercial projects cater to global investors and high-net-worth individuals (HNWIs).
Automotive: Robust demand for premium SUVs, hypercars, and electric vehicles designed for luxury performance.
Experiential Luxury: Bespoke travel, wellness retreats, art tourism, and immersive, tech-enhanced experiences.
These sectors are characterized by extreme personalization, increasing digital integration (e-commerce, virtual showrooms, NFTs), and shifting generational values. Younger clients expect exclusivity and innovation in equal measure, pushing luxury brands to evolve their regional strategies.
Changing Consumer Profile: Young, Digitally Native and Values-Driven
Today’s Arab luxury consumer is increasingly younger, digitally fluent, and socially aware. Millennials and Gen Z buyers expect more than products—they demand meaningful experiences, customized service, and transparency in brand values. The modern luxury consumer in the Gulf is redefining status to include sustainability, cultural authenticity, and narrative-driven brands.
Personalized clienteling, VIP treatment, and immersive storytelling are now essential. Brands must blend in-store exclusivity with seamless online integration to remain relevant.
Luxury Tourism & Mega-Projects: Defining the New “Arab Luxury”
The region is witnessing a boom in ultra-luxury tourism, backed by multi-billion-dollar mega-projects that combine tradition, innovation, and sustainability. While Dubai remains a global magnet, Saudi Arabia is quickly emerging as the next frontier in luxury travel with developments such as:
NEOM, the futuristic Red Sea smart city
The Red Sea Project, offering eco-luxury resorts on untouched islands
Qiddiya, blending entertainment, nature, and culture
These visionary projects aim to create new luxury narratives, fusing Arab heritage with cutting-edge technology and environmental stewardship. A growing demand for authentic cultural experiences and high-tech indulgence is shaping the future of luxury in the Gulf.
The full “Arab Luxury 2025–2030” report by LUXONOMY™ is now available for industry professionals and investors. This authoritative resource includes market forecasts, consumer analysis, and strategic recommendations tailored to the region’s unique dynamics.
Discover more from LUXONOMY
Subscribe to get the latest posts sent to your email.
