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Dubai fashion footwear market valued at US $ 12.8 billion
Apr 18, 2016

According to the Gulf Times reported on April 14, Dubai Commerce and industry reports indicate that since 2010 Dubai 5.5% clothing and footwear sales growth is expected in 2015 the market value of us $ 12.8 billion, to reach $ 13.5 billion this year.

Report says, according to Euromonitor international, Dubai's clothing sector valued at $ 10.4 billion, a compound annual growth rate of 5.8%. However, footwear and sports apparel sector growth slowed in recent years, roughly valued at $ 2.4 billion and $ 1 billion respectively. Supply increases followed by growing consumer demand, new shopping malls are springing up to debut new brands, expanding retail market in the year 2015.

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