close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

From truffles to watches, UAE luxury retail surges

From truffles to watches, UAE luxury retail surges

Emirati customers, tourists lead return to luxury shops; Chocolate truffle worth $272 on the market; Auction houses weigh Dubai vs Doha for art sales.

0

February 10, 2011 1:11 by



“The VIP salon is for the private get-away so they don’t have to be exposed,” she said.

Mall of the Emirates, one of Dubai’s largest shopping centres, added over 40 luxury brands in September, while property consultancy Colliers International expected a 30 percent gain in mall space between 2010 and 2013 in Dubai.

Since Chocopologie opened on Dec. 12, it has already sold two of its made-to-order $272 hand-whipped truffles, infused with an Ecuadorian single-estate dark chocolate ganache around a rare French Perigord mushroom.

Mock said she had also received numerous inquiries about the pricey delicacy in the run-up to Valentine’s Day on Feb. 14.

Some other truffles carry names like Antoinette, a dark chocolate heart dipped in white chocolate and French rose water, and Amanda, a dark chocolate with lemon and verbena flavour.

“I work for an international airline and we get chocolates for free. People here buy lots of things that don’t make sense,” said passer-by Matt Ege, a former forex trader and now pilot.

GLITZY WATCHES, HIGH-END ART

But it is not just chocolate that is making a comeback. Dubai’s Rivoli Group, in which Swatch Group owns a stake, sells timepieces with aquatimer chronographs, Dior mobile phones in a jewelled finish, and calf-skin leather bags. It expects sales growth of 15 to 20 percent in 2011.

Abraham Koshy, Rivoli Group general manager, said he had sold “a few” platinum Breguet Double Tourbillion Classique Grand Complication watches, priced at over $440,000 apiece, in recent months. That was stronger than the same period a year earlier, and the luxury segment was performing above expectations.

“Most customers are from high-end households in the UAE, and visitors from the Far East and mainland China,” he told Reuters.

“There is a resurgence in the mechanical segment and watches. People have a preference for precious metals, gold and rose gold.”

Analysts said consumer spending has ticked up in the aftermath of the financial crisis and Dubai’s debt woes, pulled mainly by returning tourists.



Pages: 1 2 3

0

Tags: , , , , , , , , , , , , , , , ,

Leave a Comment