Browse the complete Report on: United Arab Emirates Consumer Electronics Report Q4 2010

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The UAE’s consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and video, audio and gaming products, is projected at US$3.1bn in 2010. This expected to increase to US$3,.9bn by 2014, driven the popularity of new electronic devices such as LED and 3G TV sets, 3G mobile handsets, smartphones, feature-rich notebooks, MP3/MP4 players and Bluray players.
For 2010, modest single-digit growth in consumer electronics sales is forecast, following a market pickup in Q409. Sales were sluggish in January 2010 and while large consumer electronics retailers such as Jacky’s and Jumbo Electronics expect better times ahead, they remained cautious. The shift towards more cautious spending patterns is likely to persist well into 2011 and, following the Dubai financial crisis, the coming years will bring about a shift in the balance of population and GDP in Abu Dhabi’s favour.


Computers

Computer hardware accounted for 57% of the UAE’s consumer electronics spending in 2009. BMI forecasts domestic market computer hardware sales, including notebooks and accessories, of US$1.9bn in 2010, up from US$1.6bn in 2009. The compound annual growth rate (CAGR) for sales of computer hardware over 2010-2014 is forecast at about 7%. Stronger demand in the notebook sector was the main growth driver in 2009 as consumers felt the benefits of aggressive channel promotions.


AV

AV devices accounted for about 30% of consumer electronics spending in the UAE in 2009. The addressable Emirati AV device market is projected at US$855mn in 2010. The market is expected to grow at a CAGR of 4% between 2010 and 2014 to reach US$1.07bn by the end of the forecast period. The rollout of high definition broadcasting will drive demand for premium TV sets and Blu-ray devices. Meanwhile following the launch of 3D TV services by triple-play service provider Etisalat, vendors will target this potential growth area.


Mobile Handsets

Mobile handset sales accounted for approximately 13% of UAE consumer electronics spending in 2009. Following a reverse last year, market handset sales are expected to grow at a CAGR of 5% to US$410mn through to 2014, when mobile subscriber penetration is forecast to reach 246%. Sales will be dominated by the replacement market and revenues driven by demand for smartphones and 3G handsets, despite recent uncertainty surrounding potential restrictions on BlackBerry services in the UAE.


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Browse the complete Report on - United Arab Emirates Real Estate Report Q4 2010

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The UAE is unusual among small, open economies as the considerable woes of its commercial real estate sector have little to do with the global financial crisis and everything to do with a building boom prior to 2008, which assumed biblical proportions.
Years of massive over- and mis-investment produced a financial crisis in Dubai last year. What is far less well-known is the massive over-supply of office space and retail space in Abu Dhabi and Sharjah as well. Abu Dhabi is the only city in which industrial sub-sector vacancy rates are still running at about 10%. A spectacular slump in rental rates last year caused sharp movements in rental yields in all three cities. Although a number of high-profile commercial projects have been delayed, postponed or cancelled, various developments in Abu Dhabi and Dubai (although not, it seems, Sharjah) should contribute to new supply in the coming years.
We interviewed in-country sources at the beginning of 2010 and again in July this year. An important adjustment that has taken place over the last 12 months has been the rise in yields in all three sub-sectors in Dubai. This is the consequence of a slump in capital values. Looking forward, we envisage that rental yields in all three cities will move towards normal – pre-2008 – levels. This implies a gradual fall in yields in Dubai, but a slight rise in Abu Dhabi. The crucial word here is ‘gradual’. We envisage that most of the protagonists in the UAE real estate market have the willingness and ability to take the long view – even though it will take years for the currently vacant space to be absorbed.
Key Features Of This Report
This is the latest edition of a new series of industry reports published by BMI that seeks to identify the key dynamics of the real estate sectors of 44 countries around the world, some of which are developed and some of which are, in every sense, emerging markets. Once again, the questions that we seek to answer for each country remain as follows: What are the main issues that will matter to actors in and around real estate development in the country concerned, both over the long and the short term? What are the main constraints that they face? What are the key insights that one garners when one compares the real estate sector of the country concerned with its peers in other countries?
In Q310 we introduced a substantial improvement to the reports. We incorporated data and qualitative observations provided to us by commercial real estate agents operating in the countries we survey. As a result we have gained a much clearer picture of the balance between demand and supply in each of three main sub-sectors – office, retail and industrial. We have also introduced a new approach to the forecasting of rental yields, which is discussed in the methodology sector of this report.


About Us

ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
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Contact:

Ms. Sunita
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