Tourism Breaking News
According to Goldstein Research analyst forecast the UAE luxury goods market is set to expand at a CAGR of 7.1% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 7.8 Billion by 2025 owing to rapid urbanization and development of shopping centres and malls in order to expand their tourism industry and the; government aims to develop UAE as one of the biggest shopping destinations across the globe. A hidden or niche market which has always been overlooked but bring in the revenue to the destination is luxury re-sale retail travellers. This is a market which has always been on the sidelines as it is a trend only for those high-end travellers. From London to Dubai, the famous family-owned pre-loved store opened recently in Dubai to make it easier for high-end travellers to purchase or re-sell their goods in the luxury space.
London’s leading luxury re-sale retailer ‘Love Luxury’ now opened in Dubai, located in Business Bay, the family-run store specialises in high-end pre-loved designer bags, jewellery and watches. As one of the UK’s largest retailers of pre-loved Chanel, Hermès, Van Cleef & Arpels and Rolex, Love Luxury has expanded to the UAE, bringing their expertise, and second-to-none service to the people of Dubai. As well as sourcing the most in-demand high end accessories from the world’s leading luxury fashion houses, Love Luxury also offer same day pay-outs for those looking to sell or trade their pre-loved designer products, as well as offering a consignment option.
Founded by husband-and-wife duo Adam and Emily Abraham shared with TTME their reason to select Dubai and how this venture would bring in many clientele from GCC as they all select Dubai, when it comes to luxury travel as today from London to Paris to New York, Dubai has taken the reins as the leader due to the many offerings in the luxury travel and tourism sector. ‘The expansion to Dubai was an obvious next step for us. My family and I have always loved our trips to Dubai and have a real connection with the UAE. The lifestyle here is undoubtably one of the most luxurious in the world, and therefore the clientele for the goods we specialize in is obvious here. We already had a huge client base of UAE residents that would come to us when visiting London so it made sense that the next step in the Love Luxury expansion was to open in Dubai.’
As social media adds to the luxury retail sector the family company has over 1.8 million tiktok followers which made the London Knightsbridge store became a go-to for buying and selling luxury accessories, thanks also to the brands huge TikTok following. Famed for their social content offering tips, advice and an insight into the pre-loved luxury market, the brand is also famed for its viral ‘billionaire’s daughter’ videos, which have been seen by more than 200 million people worldwide and has propelled the Abraham’s 11-year-old daughter Moo to ‘Tik-Tok fame’! Moo has recently walked at London Fashion Week for the second consecutive season and was pictured front row at Dubai Fashion Week in October, as well as being recognised the world over! Moo’s first post under the Billionaire’s daughter persona has been viewed by over 80Million people, making it one of the most watched fashion videos on Tik-Tok.
