The GCC’s luxury sector shows strong growth, but challenges like uneven brand coverage and skilled labor shortages remain
luxury goods
Latest in luxury goods
Chanel
Luxury handbags: A timeless fusion of fashion and finance
With a history of steady appreciation and a growing global market, luxury handbags are proving to be more than just fashion statements
alternative assets
Luxury handbags: A good investment or glamorous gamble?
The concept of handbags as investments has been around for a long time, but it has gained significant traction in recent years
alternative investment
Gen Z are investing in luxury goods over traditional assets. But is it worth it? Experts weigh in
Gen Z investors allocate funds to luxury goods and collectibles rather than stocks and bonds, driven by social media influence and changing market perceptions – but is it a wise decision to make?
E-commerce
UAE eBay sells $23,000 ruby: Top five most expensive purchases revealed
The top five countries that the UAE sells to on eBay are Australia, Canada, Germany, the UK, and the US
Bernard Arnault
How the world’s richest person Bernard Arnault lost over $11 billion in a day
Despite this setback, Arnault’s net worth remains substantial at $191.6 billion, according to the Bloomberg Billionaires Index
Lamborghini
Lamborghinis sold out till 2024 as demand continues to soar
The world of high-end automobiles has been spared by economic crisis, and instead is beset by high demand
Christie's Auctions
Why the Middle East has become an ‘essential hub’ for the watch market amidst online auction boom
Watch bought for $1.59m in Dubai sets record for most expensive timepiece sold at an auction in the Middle East and for any watch sold online at Christie’s
Chalhoub Group
Chalhoub Group to up share of local Saudis, women in workforce
In its 2020 sustainability report, the group sets new targets for its strategy in Saudi Arabia for the next three years, and its goals are in line with Saudi Arabia’s Vision 2030
Chanel
$257m fake luxury goods destined for Dubai seized
More than 28,000 counterfeit items are reportedly seized by police in China and the UAE
Kunal Kapoor
Dubai start-up The Luxury Closet raises $8.7m in funding
Middle East Venture Partners and Wamda Capital lead the second-hand fashion firm’s growth financing round
designer fashion
Where to buy second-hand designer fashion in Dubai
The growing market is seeing more retailers offer pre-owned luxury goods
