The Prestige Edit

Middle East Luxury

2 articles

An empty luxury boutique with high-fashion mannequins, symbolizing the crisis in the luxury market due to a shrinking consumer base and missed clients.
Luxury Fashion

Luxury market crisis: Consumer base shrinks, brands miss clients

In the first half of 2026, the luxury consumer base in the Gulf region alone shrank by 15 percent.

Victoria Laurent·August 9, 2026
Vibrant Middle Eastern marketplace with local luxury goods displayed prominently, contrasting with subdued international brand presence, symbolizing the shift in the luxury market.
Luxury Fashion

Middle East luxury: local brands rise, international sales shrink

Sales at Europe's biggest luxury brands have shrunk in Dubai and Abu Dhabi, a stark contrast to a market projected to double in size by 2030.

Victoria Laurent·August 1, 2026