Startling facts about the eCommerce industry in Dubai

YRC (Your Retail Coach), a retail and eCommerce consultancy brand with over 10 years of experience and a growing international presence, offers management and growth solutions to retail and eCommerce brands encompassing over 25 industries. In this message, YRC's team of retail and eCommerce consultants for Dubai sheds light on some of the startling facts about Dubai's eCommerce industry ( https://www.yourretailcoach.in/industries/online-retail-ecommerce-consultants/ ). The insights shared here are for business owners and entrepreneurs who are contemplating starting an online business in Dubai or expanding their present business to Dubai.

Dubai is touted as a future hub for eCommerce by industry and business experts ( https://www.yourretailcoach.in/e-commerce-consulting/ ) from all over the world. As a market for eCommerce, Dubai is in a highly favourable position to not just become a far more important global business hub but to lead by example for the other countries in the region and the rest of the world. Over the years, UAE has just attracted many international eCommerce brands accompanied by the emergence and spiralling growth of many domestic eCommerce companies as well.

Here are some startling (encouraging) facts about Dubai's eCommerce market that will help new players assess its potential and find better answers to how to start an eCommerce business in Dubai.

Business-friendly environment backed by a consistency in initiatives

Governments and authorities play a pivotal role in attracting investments and businesses, facilitating their establishment and creating the necessary supporting systems and infrastructure. And for quite some time now, the UAE has taken a series of initiatives to several measures to reduce cash-based transactions and promote digital transactions. Also, the rules for business ownership and taxation have undergone many relaxations.

Super high mobile and internet penetration

As per several reports, there are more mobile phone connections in the UAE than its population. This means, on average, every person is using or carrying more than one device. This shows the extent of mobile phone penetration and usage in the country. And without an active connection, people would not be carrying mobile phones. This is also why the UAE and especially Dubai also has an extremely high internet penetration rate. And a high level of digital penetration is a big plus for the sustenance and growth of eCommerce in a country.

Rooftop popularity of social media

Although relevant statistics available on the internet would be telling, it is no longer a matter of statistical evidence to assert that Dubai has very high popularity on social media platforms. Any individual or entity who has any connection in Dubai would know this. With every individual on average carrying more than one mobile device, it is unlikely for them to be not using social media apps on their devices. Every day, the country registers high levels of activity on social platforms like WhatsApp, Facebook, and YouTube. This augurs well for eCommerce brands to reach out to their target groups through suitable social platforms.

High disposable income

It is another recognised fact that the UAE features one of the highest disposable income levels on the global scale. And the city of Dubai echoes that. High disposable income levels mean citizens have more money available to spend on goods and services beyond the essentials. This makes Dubai and many other cities in the UAE highly encouraging markets for luxury and premium eCommerce brands.

Dramatic increase in card-based payments

Marking a huge deviation from the past, card-based payments are becoming increasingly prevalent in the UAE. Credit and charge cards are the primary drivers of this growth. This is also providing a boost to the country's fintech industry.

The progressive attitude of the authorities combined with marketing strategies like platform-based discounts, cash back, and reward points are pushing the growth of the country's eCommerce industry ( https://www.yourretailcoach.in/industries/online-retail-ecommerce-consultants/ ). New businesses will only get to enjoy the benefits of these progressive efforts and the resultant changes.

High digital literacy

Even an individual with little or no education can correctly recognise currencies and their denominations. However, the same level of ingenuity is not sufficient for carrying out digital payments or using any eCommerce or advanced fintech application. General literacy plays an important role in reinforcing digital literacy. Dubai has a remarkable literacy rate of above 90%. And the fact that there is high digital penetration (both internet and smartphones) in the UAE speaks for its digital literacy. Being tech-savvy helps in the usage of online shopping apps (searching, order management, account creation and management) and for making digital payments.

Language Proficiency (English as a second language)

English as an official language (whether primary or secondary) has and continues to play a critical role in the growth and expansion of global business and trading. The popularity of English as a second language has found firm roots in cities like Dubai. In addition to the UAE's education system, the burgeoning financial and tourism sector has significantly bolstered the use of English as a second language. The role of language should not be underrated in retail and eCommerce ( https://www.yourretailcoach.in/ ). And especially in eCommerce, businesses should bear in mind that almost all communications in a shopping journey take place over digital means.

Your Retail Coach

Phone: +91-9860-426-700
Email: consult@mindamend.net
Empowering Retail & E-commerce businesses worldwide.

YRC is a Management Consulting Firm with its presence across India & Dubai.
We help our clients build robust management systems which shall help to reduce their involvement in daily operations. We act as "Growth Partners" to our clients and help our clients grow in an organised manner. We have served more than 100 brands till date and are associated with 85% of them.

Get advise for Retail Business Consulting : https://www.yourretailcoach.in/contact/

This release was published on openPR.