UAE Luxury Watch Market Size & Insights

As per recent study by MarkNtel Advisors 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.

What are the Key DROs in the UAE Luxury Watch Market?

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.

What are the Key Segments in the UAE Luxury Watch Market?

The UAE Luxury Watch is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

• By Type
  • Mechanical- Market Size & Forecast 2020-2030, USD Million
  • Electronic- Market Size & Forecast 2020-2030, USD Million
• By Band Type
  • Strap-Based- Market Size & Forecast 2020-2030, USD Million
  • Chain-Based- Market Size & Forecast 2020-2030, USD Million
• By End-User
  • Men- Market Size & Forecast 2020-2030, USD Million
  • Women- Market Size & Forecast 2020-2030, USD Million
  • Unisex- Market Size & Forecast 2020-2030, USD Million
• By Distribution Channel
  • Offline Retail- Market Size & Forecast 2020-2030, USD Million
  • Online Retail- Market Size & Forecast 2020-2030, USD Million

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By Region

• Dubai
• Abu Dhabi & AI Ain
• Sharjah & Northern Emirates

Who are the Key Players in UAE Luxury Watch Market?

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

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UAE Luxury Watch Market News

• 2023: Hublot and its partner, Ahmed Seddiqi & Sons, collaborated with renowned calligraphy artist Wissam Shawkat to launch two new watches as part of their Classic Fusion Black Magic collection. The timepieces featured Arabic calligraphy, with phrases like "Al Zaman" and "Al Waqt," meaning "time," symbolizing the fusion of Hublot's Swiss craftsmanship with Arabian heritage.

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·        Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.

·        Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.

·        Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.

• Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

"Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for MarkNtel Advisors.

Why This MarkNtel Advisors Research Report:

• In-depth Market Analysis: Understand trends and dynamics shaping growth.
• Segmented Insights: Target specific segments for focused strategies.
• Geographical Performance: Assess market opportunities by geographic area.
• Emerging Technologies: Discover advancements like AI integration.
• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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