The online shopping business is increasing tremendously in the UAE & all through the GCC, with the retail area seeing an enduring movement. According to recent research conducted by Google the UAE leads global Smartphone penetration at 73.8% and the country’s internet usage statistics show that 91.9% of the population has internet access creating a thrust to the online shopping world. Companies are likewise utilizing the Internet to pass on, impart and spread, to offer their products and furthermore to lead fulfilment overviews with the customers. Online shopping business obliges the necessity of customers, making it the fate of retail. With simple checkouts, secure and hassle free instalment and dependable and brisk delivery techniques, online business industry is drawing the best activity since its introduction to the world. When e-commerce business players can pick up purchaser trust, individuals will favour shopping online to fulfil their day by day required products.
Why have online sales raised so much?
Convenience is presumably the most vital factor. According to BMI 60 percent of individuals in the UAE prefer to purchase online – it’s for better valuing, item accessibility, and the extensive variety of products they can discover.
Do physical stores have a future?
Will online-only retailers continue to grow?
Despite the fact that stores offer a few advantages to online retailers, some online-only retailers have been exceptionally fruitful.“Today’s consumer no longer goes shopping … but is shopping, all the time and everywhere,” said Anurag Bajpai, Partner at KPMG and the Head of Retail in the UAE and Oman. “Hence, creating an online shopping experience is becoming more vital — and more complex — every day.
Notable Players in UAE.
Souq.com is an English-Arabic language e-commerce platform. Operated both as a retail business and an online marketplace that allows SMEs, merchants, brands and distributors to sell their products online. Today it operates in seven countries representing more than 135 million people. Souq is the top online store in UAE and its backed up by Amazon.com
Letstango.com is very popular in UAE for electronics, smartphones, smart televisions & gadgets. They promise they sell only genuine products and they have very easy return policy. They have partnered with Air Arabia, Jet Airways & Airmiles, Customers can earn rewards points for every purchase. Letstango is powered by Tecbuy Group, Middle East.
The market platform was launched in the UAE in 2015 by a three-man team focused on opportunities in Saudi Arabia and the UAE. Wadi.com aims to be the online shopping portal with the broadest range of products available, for the people of Saudi Arabia (KSA)
After a rough start that saw the company miss its promised early 2017 launch date and undergo several management changes, the platform came online and said it will sell a wide range of products including food, house cleaning products and even toiletries. They are growing fast in UAE. Noon is backed by billionaire investor Muhammad al Abbar.