What To Know
- The December sale was supported by Dubai Duty Free with a 25% offer for its 41st anniversary on the 20th of December.
- 7 million clients visited the stores in the Arrivals and the Departure halls indicating that more people continue to use the facilities.
- In the upcoming years, Dubai Duty Free aims to finish arrivals shops fit out by first quarter 2025 and start major terminal refurbishment in concourse B and concourse A in next two years.
Airport retailing records the highest point of success through Dubai Duty Free as it gets the yearly sales up to AED7.901bn ($2.164) in 2024. The year-end result was supported by December sales’ record-high value of AED 821 944 ($225 190) and a 2% increase compared to December 2023.
The December sale was supported by Dubai Duty Free with a 25% offer for its 41st anniversary on the 20th of December. Just one such promotional event the authority was able to sell worth AED59.993 million ($16.436 million) within a single 24-hour period.
For the entire year 2024, the turnover figures of Dubai Duty Free are subject to more than 20 million, 735 thousand; or 56 thousand, 649 transactions per day; while the actual sales reached 55 million, 137 thousand units of merchandise. Almost 13.7 million clients visited the stores in the Arrivals and the Departure halls indicating that more people continue to use the facilities.
Sales categories comprised fragrances by contributing AED 1.50 billion ($ 411 million), mainly comprising of perfumes, which is 19% of total sales with 9.79% increase in 2023. Liquor, cigarettes and tobacco in the third position, gold and electronics followed as the most requested for categories of products. The role of electronic sales was also noted; it took AED197 million ($54 million) and made 2.5% of the total revenue.
Departures segment sales were AED7.121 billion ($1.951 billion) and constituted 90% of the overall sales and Arrivals segment, with AED537 million ($147 million) in sales. The operation has also seen its diverse workforce increase to 6,030 people from 54 different countries, and although the senior management team has increased by eight new key positions; seven of them are Emirati Nationals.
In the upcoming years, Dubai Duty Free aims to finish arrivals shops fit out by first quarter 2025 and start major terminal refurbishment in concourse B and concourse A in next two years. These improvements will entail new and improved luxury brands, improvements to Perfumes and Cosmetics all of which will be fitted with perfect shopping experience in mind for travelers visiting Dubai.
Related news:
Dubai Real Estate: Home Loan vs. Mortgage – Which is a Better Property Financing Option? Experts Weigh In
Dubai’s Real Estate Market to Soar to AED 2.6 Trillion by 2024
Dubai and Abu Dhabi Among the World’s Most Improved Real Estate Markets for Transparency
Neymar Jr. Joins Dubai’s Elite with $50M Bugatti Residences Penthouse
