With strong economic conditions and surging consumer confidence, the UAE retail industry will surge at a CAGR of around 13% during 2010-2013, RNCOS identified.

Noida, UP -- (SBWire) -- 02/15/2011 -- According to our latest report “Booming Retail Sector in UAE”, the UAE is fast emerging as the most attractive retail destination worldwide on its concrete fundamentals of strong economy, growing middle class, surging consumer confidence, and increasing domestic consumption. Moreover, with the surging public & private sector consumption, favorable government support, rising purchasing power, and strong consumer confidence, the retail industry is expected to surge at a CAGR of around 13% during 2010-2013.

The ongoing research found that the rapid development of modern retail infrastructure is luring consumers for convenient shopping experience and transforming into high retail spending. Per capita gross leasable area (GLA) surpassed 1 Sq Meter mark in 2008, which is one of the highest in the world. We anticipate that this trend will prevail in coming years and gradually boost the retail sales growth.

Our report is an outcome of extensive research and thorough analysis of the UAE retail industry. It facilitates statistics and analysis of all prominent market segments, like food and non–food to provide deep and informative understanding of the market. The report also examines consumer behavior scenario with respect to purchasing decisions, spending pattern, and inclination towards domestic and foreign brands. The future growth areas discussed in the report helps to analyze the emerging market segments for players.

“Booming Retail Sector in UAE” comprises thorough research and in-depth analysis of the retail sector. Detail data and qualitative analysis will help clients in evaluating the leading-edge opportunities critical for the success of retail market. Our research report provides a detail analysis of the UAE retail sector along with its future outlook till 2013. Further, it has included information on retail formats and opportunities & challenges critical for the success of the UAE retail market. The forecasts provided in the report are based on the correlation of past market trends, statistical analysis, and industry drivers, and provides a direction to clients, in which the industry is likely to proceed in future. It will also help clients in identifying the potential growth of the UAE retail industry.

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About RNCOS:
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.