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Khaleej Times
21-05-2025
- Business
- Khaleej Times
UAE's e-commerce market is expected to exceed Dh50.6 billion by 2029
The UAE's e-commerce market is projected to surpass Dh50.6 billion ($13.8 billion) by 2029, a report showed on Wednesday. According to the 'E-Commerce Report in the Mena Region 2024, created by EZDubai, the fully dedicated e-commerce zone in Dubai South, in collaboration with Euromonitor International, the world's leading provider for global business intelligence, the UAE's e-commerce market reached Dh32.3 billion ($8.8 billion) in 2024. The UAE's e-commerce sector continues to expand, driven by a tech-savvy, youthful population with a strong preference for online shopping, alongside advanced infrastructure, widespread internet access, and efficient delivery services. In 2024, the top three product categories by value were apparel and footwear, consumer electronics, and home care. According to Euromonitor's Digital Consumer Survey, credit and debit cards remain the most used payment method in the UAE. However, digital wallet usage has grown significantly, from 41 per cent in 2020 to 53 per cent in 2024. Additionally, alternative payment options such as Buy Now, Pay Later are gaining popularity, increasing both conversion rates and average basket values—highlighting consumer confidence in flexible payment solutions. Free delivery and free returns are powerful drivers of e-commerce in the UAE, with retailers strategically balancing these offerings to enhance customer satisfaction while carefully managing logistics to minimise their impact on profitability. Regionally, the Middle East and North Africa's (Mena) e-commerce market reached Dh126.7 billion ($34.5 billion) in 2024, recording a 13 per cent year-on-year growth. This surge was fuelled by the rise of mobile commerce and cross-border transactions. By 2029, the market is expected to reach Dh212.2 billion ($57.8 billion). Growth across the region, particularly in the UAE and Saudi Arabia, is supported by infrastructure investments, government-backed digital initiatives, and a highly connected consumer base. Food, beverages, and home care products saw significant growth between 2019 and 2024, a trend expected to extend to other categories. The expansion of cross-border e-commerce in Mena is also being driven by increasing demand for international products, improved logistics and payment platforms, and more efficient customs processes. Mohsen Ahmad, CEO of Logistics District, Dubai South said: 'The e-commerce sector in the UAE is evolving rapidly, and EZDubai is proud to be at the forefront of this transformation. By offering world-class infrastructure and seamless connectivity, we are enabling global and regional players to thrive and scale. This growth is also being fueled by the UAE government's forward-thinking policies, smart regulations, and sustained investments in digital transformation, logistics, and infrastructure. As a result, the UAE is not only reinforcing its position as a leading e-commerce hub in the Mena region, but also emerging as a competitive global player shaping the future of digital commerce.'
Hi Dubai
21-05-2025
- Business
- Hi Dubai
EZDUBAI: UAE E-Commerce Market Continues to Grow, Reaches AED 32.3 billion in 2024
UAE's total e-commerce market is expected to exceed AED 50.6 billion by 2029. MENA's e-commerce market estimated at AED 126.7 billion in 2024. UAE's e-commerce industry to grow at a CAGR of 9.4% from 2024 to 2029 EZDubai, the fully dedicated e-commerce zone in Dubai South, has released the fifth edition of its 'E-Commerce Report in the MENA Region 2024' in collaboration with Euromonitor International, the world's leading provider for global business intelligence, market analysis and consumer insights. The report reveals that the UAE's e-commerce market reached AED 32.3 billion (USD 8.8 billion) in 2024 and is projected to surpass AED 50.6 billion (USD 13.8 billion) by 2029. The UAE's e-commerce sector continues to expand, driven by a tech-savvy, youthful population with a strong preference for online shopping, alongside advanced infrastructure, widespread internet access, and efficient delivery services. In 2024, the top three product categories by value were apparel and footwear, consumer electronics, and home care. According to Euromonitor's Digital Consumer Survey, credit and debit cards remain the most used payment method in the UAE. However, digital wallet usage has grown significantly, from 41% in 2020 to 53% in 2024. Additionally, alternative payment options such as Buy Now, Pay Later are gaining popularity, increasing both conversion rates and average basket values—highlighting consumer confidence in flexible payment solutions. Free delivery and free returns are powerful drivers of e-commerce in the UAE, with retailers strategically balancing these offerings to enhance customer satisfaction while carefully managing logistics to minimise their impact on profitability. Regionally, the MENA e-commerce market reached AED 126.7 billion (USD 34.5 billion) in 2024, recording a 13% year-on-year growth. This surge was fueled by the rise of mobile commerce and cross-border transactions. By 2029, the market is expected to reach AED 212.2 billion (USD 57.8 billion). Growth across the region, particularly in the UAE and Saudi Arabia, is supported by infrastructure investments, government-backed digital initiatives, and a highly connected consumer base. Food, beverages, and home care products saw significant growth between 2019 and 2024, a trend expected to extend to other categories. The expansion of cross-border e-commerce in MENA is also being driven by increasing demand for international products, improved logistics and payment platforms, and more efficient customs processes. In his comments, Mohsen Ahmad, CEO of Logistics District, Dubai South said: The e-commerce sector in the UAE is evolving rapidly, and EZDubai is proud to be at the forefront of this transformation. By offering world-class infrastructure and seamless connectivity, we are enabling global and regional players to thrive and scale. This growth is also being fueled by the UAE government's forward-thinking policies, smart regulations, and sustained investments in digital transformation, logistics, and infrastructure. As a result, the UAE is not only reinforcing its position as a leading e-commerce hub in the MENA region, but also emerging as a competitive global player shaping the future of digital commerce. EZDubai was designed to attract leading e-commerce companies and create a benchmark with its infrastructure. The e-commerce zone, launched in January 2019 by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, is strategically located in the heart of the Logistics District of Dubai South. For further insights, please download the full report via the following link. News Source: Cicero & Bernay
Al Etihad
21-05-2025
- Business
- Al Etihad
UAE e-commerce market reaches Dh32.3 billion in 2024: EZDUBAI
21 May 2025 14:18 DUBAI (WAM)The UAE's e-commerce market reached Dh32.3 billion ($8.8 billion) in 2024 and is projected to surpass Dh50.6 billion ($13.8 billion) by 2029, according to a report released by EZDubai, the fully dedicated e-commerce zone in Dubai fifth edition of the "E-Commerce Report in the MENA Region 2024" was compiled in collaboration with Euromonitor International, the world's leading provider for global business intelligence, market analysis and consumer UAE's e-commerce sector continues to expand, driven by a tech-savvy, youthful population with a strong preference for online shopping, alongside advanced infrastructure, widespread internet access, and efficient delivery 2024, the top three product categories by value were apparel and footwear, consumer electronics, and home to Euromonitor's Digital Consumer Survey, credit and debit cards remain the most used payment method in the UAE. However, digital wallet usage has grown significantly, from 41 percent in 2020 to 53 percent in 2024. Additionally, alternative payment options such as Buy Now, Pay Later are gaining popularity, increasing both conversion rates and average basket values—highlighting consumer confidence in flexible payment delivery and free returns are powerful drivers of e-commerce in the UAE, with retailers strategically balancing these offerings to enhance customer satisfaction while carefully managing logistics to minimise their impact on the MENA e-commerce market reached Dh126.7 billion ($34.5 billion) in 2024, recording a 13 per cent year-on-year growth. This surge was fuelled by the rise of mobile commerce and cross-border transactions. By 2029, the market is expected to reach Dh212.2 billion ($57.8 billion).Growth across the region, particularly in the UAE and Saudi Arabia, is supported by infrastructure investments, government-backed digital initiatives, and a highly connected consumer beverages, and home care products saw significant growth between 2019 and 2024, a trend expected to extend to other expansion of cross-border e-commerce in MENA is also being driven by increasing demand for international products, improved logistics and payment platforms, and more efficient customs his comments, Mohsen Ahmad, CEO of Logistics District at Dubai South, said, 'The e-commerce sector in the UAE is evolving rapidly, and EZDubai is proud to be at the forefront of this transformation. By offering world-class infrastructure and seamless connectivity, we are enabling global and regional players to thrive and growth is also being fuelled by the UAE government's forward-thinking policies, smart regulations, and sustained investments in digital transformation, logistics, and infrastructure. As a result, the UAE is not only reinforcing its position as a leading e-commerce hub in the MENA region, but also emerging as a competitive global player shaping the future of digital commerce." EZDubai was designed to attract leading e-commerce companies and create a benchmark with its infrastructure. The e-commerce zone, launched in January 2019 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, is strategically located in the heart of the Logistics District of Dubai South.
Zawya
21-05-2025
- Business
- Zawya
UAE e-commerce market reaches $8.80bln in 2024
DUBAI - The UAE's e-commerce market reached AED32.3 billion (US$8.8 billion) in 2024 and is projected to surpass AED50.6 billion (US$13.8 billion) by 2029, according to a report released by EZDubai, the fully dedicated e-commerce zone in Dubai South. The fifth edition of the "E-Commerce Report in the MENA Region 2024" was compiled in collaboration with Euromonitor International, the world's leading provider for global business intelligence, market analysis and consumer insights. The UAE's e-commerce sector continues to expand, driven by a tech-savvy, youthful population with a strong preference for online shopping, alongside advanced infrastructure, widespread internet access, and efficient delivery services. In 2024, the top three product categories by value were apparel and footwear, consumer electronics, and home care. According to Euromonitor's Digital Consumer Survey, credit and debit cards remain the most used payment method in the UAE. However, digital wallet usage has grown significantly, from 41 percent in 2020 to 53 percent in 2024. Additionally, alternative payment options such as Buy Now, Pay Later are gaining popularity, increasing both conversion rates and average basket values—highlighting consumer confidence in flexible payment solutions. Free delivery and free returns are powerful drivers of e-commerce in the UAE, with retailers strategically balancing these offerings to enhance customer satisfaction while carefully managing logistics to minimise their impact on profitability. Regionally, the MENA e-commerce market reached AED126.7 billion ($34.5 billion) in 2024, recording a 13 percent year-on-year growth. This surge was fuelled by the rise of mobile commerce and cross-border transactions. By 2029, the market is expected to reach AED212.2 billion ($57.8 billion). Growth across the region, particularly in the UAE and Saudi Arabia, is supported by infrastructure investments, government-backed digital initiatives, and a highly connected consumer base. Food, beverages, and home care products saw significant growth between 2019 and 2024, a trend expected to extend to other categories. The expansion of cross-border e-commerce in MENA is also being driven by increasing demand for international products, improved logistics and payment platforms, and more efficient customs processes. In his comments, Mohsen Ahmad, CEO of Logistics District at Dubai South, said, 'The e-commerce sector in the UAE is evolving rapidly, and EZDubai is proud to be at the forefront of this transformation. By offering world-class infrastructure and seamless connectivity, we are enabling global and regional players to thrive and scale. This growth is also being fuelled by the UAE government's forward-thinking policies, smart regulations, and sustained investments in digital transformation, logistics, and infrastructure. As a result, the UAE is not only reinforcing its position as a leading e-commerce hub in the MENA region, but also emerging as a competitive global player shaping the future of digital commerce." EZDubai was designed to attract leading e-commerce companies and create a benchmark with its infrastructure. The e-commerce zone, launched in January 2019 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, is strategically located in the heart of the Logistics District of Dubai South.
Economy ME
21-05-2025
- Business
- Economy ME
UAE's e-commerce market to exceed $13.8 billion by 2029: Report
The UAE's e-commerce market reached $8.8 billion (AED32.3 billion) in 2024 and is projected to exceed $13.8 billion (AED50.6 billion) by 2029, according to a report published by EZDubai , the e-commerce zone in Dubai South. The fifth edition of the 'E-Commerce Report in the MENA Region 2024' was developed in collaboration with Euromonitor International, the premier provider of global business intelligence, market analysis, and consumer insights. The e-commerce sector in the UAE continues to flourish, propelled by a tech-savvy, youthful population with a strong inclination towards online shopping. This growth is complemented by advanced infrastructure, extensive internet access, and efficient delivery services. In 2024, the top three product categories by value were apparel and footwear, consumer electronics, and home care. According to Euromonitor's Digital Consumer Survey, credit and debit cards remain the most popular payment methods in the UAE. However, the use of digital wallets has surged significantly, rising from 41 percent in 2020 to 53 percent in 2024. Additionally, alternative payment solutions such as Buy Now, Pay Later are gaining traction, improving both conversion rates and average basket values—demonstrating consumer confidence in flexible payment options. Free delivery and free returns serve as major incentives for e-commerce in the UAE, with retailers strategically balancing these offerings to boost customer satisfaction while carefully managing logistics to mitigate their impact on profitability. Regionally, the MENA e-commerce market reached $126.7 billion (AED462.4 billion) in 2024, marking a 13 percent year-on-year growth. This increase was driven by the rise of mobile commerce and cross-border transactions. By 2029, the market is anticipated to attain $212.2 billion (AED778.1 billion). Read more: Middle East mobile app revenues soar to $1.7 billion, recording 18.6 percent YoY growth Cross-border e-commerce expansion Growth throughout the region, particularly in the UAE and Saudi Arabia, is bolstered by infrastructure investments, government-supported digital initiatives, and a highly connected consumer base. Food, beverages, and home care products experienced notable growth between 2019 and 2024, a trend expected to extend to other categories. The expansion of cross-border e-commerce in MENA is also fueled by the rising demand for international products, enhanced logistics and payment platforms, and more efficient customs processes. In his remarks, Mohsen Ahmad, CEO of the Logistics District at Dubai South, stated, 'The e-commerce sector in the UAE is evolving rapidly, and EZDubai is proud to be at the forefront of this transformation. By offering world-class infrastructure and seamless connectivity, we are enabling global and regional players to thrive and scale. This growth is also being fuelled by the UAE government's forward-thinking policies, smart regulations, and sustained investments in digital transformation, logistics, and infrastructure. As a result, the UAE is not only reinforcing its position as a leading e-commerce hub in the MENA region, but also emerging as a competitive global player shaping the future of digital commerce.' EZDubai was designed to attract leading e-commerce companies and set a benchmark with its infrastructure. The e-commerce zone, launched in January 2019 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, is strategically located in the heart of the Logistics District of Dubai South.
