logo
Dubai Duty Free records $565bn in Q1 sales

Dubai Duty Free records $565bn in Q1 sales

Trade Arabia14-04-2025

Dubai Duty Free has announced record sales of AED2.06 billion ($565 million) in the first quarter of 2025, driven by an exceptional performance in February, which recorded the highest monthly sales in the company's history, reaching AED709 million ($194 million), reported WAM.
Ramesh Cidambi, Managing Director of Dubai Duty Free, confirmed that the strong performance during this period reflects the excellence of services and their integration with the growth in passenger traffic, especially in February, during which average daily sales reached about AED25.3 million.
Perfumes topped the sales categories with AED371 million, contributing around 18% to total revenue, while the confectionery sector saw remarkable growth of 57 per cent, supported by the great success of the Dubai-branded chocolate promotions.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Lifestyle-driven mobility seen reshaping UAE's auto future
Lifestyle-driven mobility seen reshaping UAE's auto future

Trade Arabia

time5 hours ago

  • Trade Arabia

Lifestyle-driven mobility seen reshaping UAE's auto future

In the past, the purchase of a car was driven by utility, brand reputation, or resale value. Today, it's steered by something far more personal: lifestyle. In cities like Dubai, where luxury, design, and technology shape consumer behavior, mobility is becoming a reflection of one's identity, rather than a mechanical choice. This new paradigm is forcing automakers to think differently—not only about how they engineer vehicles, but how they embed them into the aspirations, routines, and values of modern drivers. At the forefront of this evolution are two Chinese car brands owned by Chery International - Omoda & Jaecoo. Unlike traditional car brands, Omoda & Jaecoo is created not to compete in the past - but to serve the preferences of a new generation of drivers who value experience over horsepower, emotional connection over features, and environmental consciousness over excess, said its Regional Brand Manager Alaa Shata. Omoda, in particular, was conceived as a design-first, culture-forward brand. Its ethos mirrors the lifestyle of digitally native, urban consumers who want their vehicle to match the rest of their curated world - from the phone in their hand to the clothes they wear. The Omoda C5, for instance, features not just smart technology, but a bold visual identity, clean lines, and an unmistakable road presence that resonates with a generation attuned to aesthetics and social visibility. Globally, this shift is evident: a Capgemini study found that 72% of consumers under 35 see the car as an extension of their personal brand. "In a city like Dubai, that number is arguably even higher. Cars are not simply owned—they're worn, displayed, and photographed. This has made automotive design and tech integration as important as engine specs and emissions ratings," observed Shata. On the other end of the spectrum, Jaecoo appeals to a more grounded - but no less lifestyle-focused - demographic: individuals who crave freedom, exploration, and purpose-built elegance. For example, the Jaecoo J8 doesn't just promise off-road capability - it delivers an immersive luxury experience in remote terrain, with features like air suspension, customizable mood lighting, and terrain-response AI systems that adapt to everything from dunes to mountain roads. This growing convergence of adventure and affluence aligns strongly with the UAE's rising affinity for experiential luxury. Recent studies report that younger luxury consumers globally are shifting away from traditional assets and toward emotionally resonant purchases - experiences, status symbols, and identity-driven brands. Jaecoo sits perfectly at this intersection: a lifestyle SUV that's as suited for Jumeirah as it is for Jebel Jais. What distinguishes both brands is their ability to speak the language of modern living - whether through user experience, digital personalization, or aesthetics. Omoda & Jaecoo isn't pushing a product - it's inviting consumers into a world. Their launch strategy in the UAE, from curated showrooms to immersive test drives and community engagement, reflects a model where mobility is embedded in culture, not separated from it. As Dubai positions itself not just as a mobility hub but as a global influencer in design, luxury, and innovation, vehicles that align with that vision will shape what we drive, how we drive, and why we drive. Brands that understand this will win the next generation of drivers - not by selling them a machine, but by offering them a mindset.

Nasdaq Dubai welcomes Mashreq's $500m sukuk listing
Nasdaq Dubai welcomes Mashreq's $500m sukuk listing

Trade Arabia

time3 days ago

  • Trade Arabia

Nasdaq Dubai welcomes Mashreq's $500m sukuk listing

Nasdaq Dubai welcomed leading Dubai-based bank Mashreq debut listing on the exchange with the admission of a $500 million sukuk issued by Mashreq Al Islami Sukuk Company. The Trust Certificates, due in 2030, were issued under Mashreq's $2.5 billion Trust Certificate Issuance Programme and are being admitted as a secondary listing following strong demand in the primary market. This marks an important milestone for Mashreq as it expands its access to international capital markets and strengthens its presence in the Islamic finance space. It also reflects Nasdaq Dubai's continued role in connecting regional issuers with a global investor base through a well-regulated and diversified platform. Senior officials from Mashreq, including Ahmed Abdelaal, Group Chief Executive Officer; Joel Van Dusen, Group Head of Corporate & Investment Banking; and Salman Hadi, Group Head of Treasury & Global Markets, attended the market opening ceremony at Nasdaq Dubai to celebrate the listing. The bell was rung by Ahmed Abdelaal in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). On the debut sukuk, Mashreq Chairman Abdul Aziz Al Ghurair said: "This sukuk listing marks an important step in Mashreq's commitment to strengthening the global Islamic finance landscape. It is a clear demonstration of Mashreq's long-term commitment to Islamic finance, the deepening of cross-border capital flows, and the UAE's continued emergence as a global nexus for ethical and Sharia-compliant financing." "Through this programme, we are proud to reinforce investor trust and contribute meaningfully to the maturing of Islamic capital markets," he stated. Abdelaal said the debut listing on Nasdaq Dubai marks a new chapter in Mashreq's capital markets journey. "This sukuk issuance not only attracted strong investor interest, but also affirms our disciplined approach to funding, even in a complex macro environment. As we continue to diversify our capital structure through Sharia-compliant channels, we remain committed to delivering strong fundamentals, market transparency, and sustainable value for all stakeholders," he added. Welcoming the Mashreq listing, Ali said it reflects the bank's growing ambitions in the Islamic finance sector and underscores DFM's role as a leading marketplace that connects regional issuers with global investors. "As Dubai continues to strengthen its capital markets infrastructure, we at DFM remain committed to providing an efficient and transparent platform that supports diverse financing needs and promotes sustainable growth across the financial ecosystem," he stated. With this listing, the total value of sukuk listed on Nasdaq Dubai has reached $97.2 billion, further strengthening the exchange's position as one of the world's largest centres for Islamic fixed income. The overall value of debt securities listed on Nasdaq Dubai now stands at over $140 billion, across 163 issuances, said Ali.

Falcon Elite achieves exceptional Growth in aircraft movements
Falcon Elite achieves exceptional Growth in aircraft movements

Trade Arabia

time3 days ago

  • Trade Arabia

Falcon Elite achieves exceptional Growth in aircraft movements

Falcon, part of Alex Group Investment, has reported a 150% growth in aircraft movements between August 2024 and May 2025, positioning itself as one of the fastest-growing players in the region's private aviation sector. In less than one year, Falcon Elite has transformed from a promising terminal into a dynamic, high-traffic hub for elite clientele. This performance highlights Falcon Elite's ability to anticipate and respond to key seasonal peaks, while also reflecting the trust clients place in the private terminal's exceptional services, the company said. When Falcon Elite first debuted, it started with a modest 6.92% increase in traffic. Fast forward to May 2025, the terminal saw a remarkable 33.81% growth compared to the previous months. This increase was driven by new clients, a rise in diplomatic flights, and the start of the summer season. Prior to that, November 2024 saw a 52.75% increase, coinciding with Dubai's high season, including major events like the Formula 1 Abu Dhabi Grand Prix, a boost in regional business traffic & holiday travel. This growth is a result of consistently going beyond expectations and seizing every opportunity, the company said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store