Latest news with #AED2.06
Trade Arabia
14-04-2025
- Business
- Trade Arabia
Dubai Duty Free records $565bn in Q1 sales
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.
Zawya
14-04-2025
- Business
- Zawya
Ajman real estate transactions reach $560.8mln in March 2025
Real estate transactions in Ajman reached AED2.06 billion in March 2025, marking a significant increase of over 41 percent compared to the same period in 2024. Omar bin Omair Al Muhairi, Director-General of the Ajman's Department of Land and Real Estate Regulation, said the emirate recorded 1,025 real estate transactions in March, with trading volume totalling AED1.03 billion. He noted that "Al Heliow 1" recorded the highest property sale at AED43 million. Al Muhairi noted that Ajman's real estate market continues to show strong momentum, consistently achieving record figures. He said this reflects the emirate's attractive investment environment, supported by competitive pricing, integrated services, and advanced infrastructure. He added that March also witnessed 156 mortgage transactions amounting to AED299 million. The highest mortgage value, AED40 million, was recorded in the "Al Nuaimiya 3" area.
Zawya
10-04-2025
- Business
- Zawya
Dubai Duty Free records $565bln in Q1 sales
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. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Hi Dubai
10-04-2025
- Business
- Hi Dubai
Dubai Duty Free Hits Record AED2.06 Billion in Q1 2025 Sales
Dubai Duty Free (DDF) has reported a stellar start to 2025, posting record-breaking first-quarter sales of AED2.06 billion (US$565 million). This milestone was largely powered by an exceptional February, which delivered the highest monthly sales in the company's history—an impressive AED709 million (US$194 million). According to Ramesh Cidambi, Managing Director of Dubai Duty Free, the outstanding performance reflects the seamless integration of top-tier retail services with a surge in passenger traffic. February alone saw average daily sales of AED25.3 million, underscoring the strength of both footfall and consumer spending. Perfumes emerged as the top-selling category, generating AED371 million and accounting for approximately 18% of total revenue. Meanwhile, confectionery sales experienced a remarkable 57% year-on-year growth, significantly driven by the popularity of Dubai-branded chocolate promotions. 'The momentum we witnessed in the first quarter, especially in February, highlights not only the resilience of travel retail but also the effectiveness of our customer-focused strategies,' said Cidambi. The record figures come at a time when Dubai's aviation and tourism sectors continue to thrive, reaffirming the emirate's position as a global hub for travelers and shoppers alike. As Dubai Duty Free continues to innovate and expand its offerings, the outlook for the remainder of 2025 remains robust. With strategic promotions, a focus on premium product segments, and strong operational performance, DDF is on course for another landmark year. News Source: Emirates News Agency
Arabian Business
09-04-2025
- Business
- Arabian Business
Dubai Duty Free records $565mn in first-quarter sales after strong February performance
Dubai Duty Free has reported first-quarter sales of AED2.06 billion ($565 million), supported by a record February, which contributed AED709 million ($194 million) in monthly sales. The February result marks a new monthly record, with average daily sales of AED25.3 million ($6.93 million). 'We are very pleased with our sales for the first three months of the year, especially in February when daily sales reached an average of AED25.3 million ($6.93 million) and kept pace with passenger growth. A lot of credit goes to our hard-working team of staff who achieve sales targets on an ongoing basis,' Ramesh Cidambi, Managing Director of Dubai Duty Free said. Dubai Duty Free highlights perfumes, confectionery as top categories The top five performing categories for the first quarter were Perfumes, Liquor, Tobacco, Gold and Confectionery. Perfume sales reached AED371 million ($102 million), contributing 18 percent of total revenue. Liquor followed with AED258 million ($71 million) in sales. Tobacco recorded an 11 percent year-on-year increase to AED220 million ($60 million). Gold sales increased marginally to AED212 million ($58 million), accounting for 10 percent of total revenue. Confectionery took the fifth spot for the first time, posting a 57 percent increase over the same period last year, with sales reaching AED207 million ($57 million), also contributing 10 percent of total revenue. Dubai Duty Free records surge in chocolate sales in Q1 2025 Cidambi attributed much of the category's growth to the performance of Dubai-branded chocolate products. 'The remarkable success of the 'Dubai' chocolate offering has contributed significantly to the surge in the Confectionary category with specialty brands such as Fix Chocolate, Locali, I Love Dubai, Bateel and Al Nassma collectively generated sales of AED80.4 million ($22 million). That figure represents over 1.2 million individual chocolate bars sold in the first quarter of 2025,' he added. Sales in the renovated Arrivals shops reached AED125 million ($34 million) during the first quarter. 'We are very pleased with the newly renovated and refurbished retail shops in Terminals 1 and l 2 Arrivals with Terminal 3 Arrivals shop 4 due for completion next month. These enhancements are already elevating our Arrivals business,' Cidambi said. Dubai Duty Free plans to expand its retail operations throughout 2025, including new luxury brand boutiques in Concourse A featuring Louis Vuitton, Cartier and Chanel. The company will also host events in the second quarter of 2025. The Dubai Duty Free Spring Trials will take place at Newbury Racecourse in the UK on April 11 and 12. The UAE Nationals Cup is scheduled for May 3 at the Montgomerie Golf Club.
