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Gulf Luxury Recommerce Market to Hit $780 Million by 2026, Chalhoub Group Forecasts

Gulf Luxury Recommerce Market to Hit $780 Million by 2026, Chalhoub Group Forecasts

The luxury re-commerce market in the Gulf region is expected to hit a value as high as $780 million by 2026, up nearly 60 percent compared to 2022, according to analysis by Dubai-based luxury retail giant Chalhoub Group.

However, the sector remains nascent and its pace of growth is slower than in other markets, like the US, where there’s less cultural stigma attached to shopping secondhand, sustainability may rank more highly among consumer…


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