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Could the Middle East be the ‘New China’ for luxury brands?
Posted By
a Luxury Daily columnist
On
March 16, 2023 @ 2:00 am
In Featured,Industry sectors,Retail |
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Aerial view of Souk Al Bahar, Dubai. Image credit: Unsplash
By
Avery Booker
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FFK4HefDRu0ufeC+v0\/KJE\/0H3760sv854LKgEz5C3v\/6fVIu+FP8ICruzc210lqjU3ecRT\/b5t0ht3Kehabx400a4Eju09ey2p0VFM4vD\/HRalb9EvHrSQad8rfNOtoN7W6wTPOFCwarTsNUunQlTb0pllyI0o+dTAi9dkN\/CdZ5Dhj2jRStffmUHD3XkymmTuw\/4xtEi8hY4v1K2o84YdPCrPkttPY73XAh2mo4tQQlFOGAFgHHPdvoAD51UMwEwoIcLf5T+oBoFarXeRvWvkAIG2FdGp538hriVY9eEB451F\/s8ITs42h9FfVrdTNfmUo\/TcyBroCk\/xm+CCA5S9UxFmJPym6z\/sW\/8EUgrOQSp5c41RaSal\/xxgen72wEQ7ymwlsatIW4cMINR4hsVTFTvoCJ3sPgsHK8cr2A6YWd6HFSXZ1MUtsX07Xhfo8uV0rhaxh\/Z7v1ptTR+pI7PDqMgyCb+DX3aINyzVNllTFNgT0MiumEcr1Fra+XykOOXO53sHE\/yu8pzoGhUdksPIVJnHPfhfByPCfuyD6qupKTM6Fjh\/HvxzJUNp2ESsbe5gUbZulcGLxmEtXOrCvnLLsb0LVJr9TgQxj9EyTUrLEwmUOx7ChDDFFWB4+Tpe91y0xYHBBUB3lcWULIpnsq9JRlWHRB+WU\/OIjSqm65w1wh7JnaptvnHecO3wLM\/sW1llP2x831aDkPMHQRpPA3v89loj1GzwAG\/VdfsgUMuyPPcCbdDkKdYL3A\/Q3pDwhR8KmXIhJboVY\/zyzosTalNV1SK2O2HCcavyTFk05hMgZO6zps9NYLQiQLr6efO6FxwomoMIVGa4CL5qrtafFbH6uoNpaP7I33zfyMPX\/TfZpHtbjX3hsoJN\/j5Q3aVa4ZFb3Bjrr7qwjcifMwUJI2hhZoPLNxQV0zda3L+rUWDJKjcDrZ+xuFyjJ4HA4fS7e752lAAd4wSwVTlGZtLi6GoAfrLjbRGIyTpfnCXru0Uj\/\/u78RxK3QJ9m5tT9OcVTEhOO9fBgn8atsjceBAYuUATo73IBqbVf0hDLQXzZPMlmuHrWHuE\/uzVNGjNzRtADKJ3W\/p8KthsJCa5LLSm1J5bIa4kDbZA23L6Sz3z2TWorQkVuYaArKnnFUNiFNu4MNdhOW8mdL\/CvkdZvrQk9TluT0fjryZXq0vZNvzLqNzJIb3Qg3v\/jHrNW5NZohVatARAB04CHflkPQxrsDQ\/3tLUDVqK55UCroBp9\/DCwEGQQd7CjoVnfFU\/jfBf97DVyE8DkJbKFLaRwzRXUo+c2rHWpzHglzSeac1zKGHMk6BeGU+TrAdpBj6RircaIox3OyA6V8fc5QEqiN02suRd4M6YrG4+k+q8src1Nh43AiKhhDVvPJq\/+Lpz0O74VMQfhOn5HqXV5l1QeSnZ2TVSzvz+o\/UgKKE5J6MycOKgDVTI7w2vmGftWyxlud3cF01H0QVHI5+SudJkqcRg1oRN0dICxI39giilWze+xLuOEXSywBtYGuVkg+Kk8Y4PPtgyEiV8UnDT0SsLviO5TSLWi9cuWTpuu8hBtN2OcciNe4Sh0ieBM4dRQvtrRTTkWPlH26y9D5Mkcr7WIyBU+jNqO3BkJpce0CmUh\/PDyYBag9sk6sFBQEZceZx6GiBNKSwaGUPhtyogPpWipBF\/uZvPS4byzyDg1Pm8XFPXeDvCYKVScw\/wntXOO3CSVvSA+93dOM1\/xbmswzmA54N1HievQmrgRWacFRMcmMvfaYbcKDsXkAlQ7qE5bJNlz+obtQKEjTCrr0mxNGe\/6Q22WmpsLNjfD+N7CLQpu7+4dd2PnTgxklxF9IOnZUNIvGAxu6PBuNCm0hbr3mnzxrYF+9iIi\/I7lzWEahiEtbMGa9L2iriWDupKGJpBeCZUVnuF95uuUWRWwBzB8SPFDdR8HoGsINdhDpwVa3FHgcNJo8K0D\/Vks41V\/uPSVkMOrvHrgXwGlfkDdtyU2JpnxnkBJFE+LVomiWA4bk5hykFewsgbNJPe9c4329LniidKA2AgIf\/cFos8+x8Z8xcU7BW882Vcp1y2YpGbn4TomeahbmqTygKCTtjpKYX6tmnkwdq\/JMTpxws0B5WL3cwiXQu2\/59XXM792m\/6NAKG\/Y7gTDc6L+CDyHklcCo322xNzmxYgZIf4p4R9NtL+zVRVp1mWha8aEMBSlIJfp3D\/j1oKNEuuIedzHMMM7tdsTjmsVdpArAF9S1ZAijA\/MhPQrpArUhp72y0IsUzXowjHlFhtU7RyFmR9COKh9\/3R5GK6GXbpBU63xIyFlUVD7TJFW4z5fn5ZAXonzMN6uhrF7pIb7fzDy0ljoFesRcsVf+jzZ59Az3XOolxEaxS8nIilwg0HV85u1ZEIfkcn5eq6DiKtjn0ERWySJYwdLucuWYEbHFd\/0Z+oXJDoKGRAiHWxD1tgNDUGY9FD0uXYMFp7z+i6b4SHNQdV3GD9RNpIZo+BBeBRjMOf3tXk2oZXLUhD3+PjlhKVXxyTYBbrXaKz+DWFulT7w9Dit3vhkcCJZwRf1c05jN0RnH5H02wG6OC24NqtBbQDIFNhjpmOHVYO9TtnFLYHCIbnLD2tuTSrDGvC+lfstfakstMJPuYhWpSiTvbPPv2PM5QWL0QINPn8DtIw1SY0Ed7grhhCHgmaVwzhlVhkpZwmRhy\/IfMx2np4HWqDdlyLbvzSn1KaM9\/OPkjug5u2T4Zul9ZqJjE79GFPaWwPTaLcjuOL0BpmHYoWZzSrJYsmfLbNSnrbpEXJFLy1gdsJXkNRfGITDElrcG\/k16XWeOpODgg6duL+T6qsQI0AKjpZEV\/E1fEqxRG2NHRupNrMdftDndK5bEvVeHyKWBbFJH2nLK+Z9p42mOJQv07v\/wfe9DjlQs73yWIxTbug5TZbgd\/A7FpTjNHTJznS8L6eV4JatMNOOjjErYSxNdHnqP970x6dRqHHIxzCf3ZQeBL3oSS4NDsoE4\/6jAmbZdC9JfuqFm7gB2jsp8nTr\/embXdWutjgJEx5M3UaiLxfLhRLFWeBkvxj3bap7MkPT9kvV3AiQ2kCHKJOg1HLJ6wcAcuow\/8Pyj4M1jd\/S6tBMxyjDWcUrBnIVtZL6xHz03Clu7Nx2xNdr4b7hYUpt+qlyJIHLytitDmEIy4d52gT6pqP3gaBYPcgDT4W1cj0Z8CYqwf1gBlhbeWcAlKiWxNmePtF0sHzjn2gccXHwElwT+Nm\/SfLwJnzYFUTbYvZv1KPwtLT0z9cYJgfIYWfE8K\/rjepvPUqrnvzPoHVXjeLb1KfTQmYfP77OazpphnOwTp6Pqo0+aU4pZSWmHHq3yPZoYlHUz31DgSKOak6Sz9cVvgZEY9rnBq7rHyeF6cArYNIyLccdQqMAXo3R23mpMxmcZFVqic+xp27BCtWSYnwSZnFdbjqNSM5TYSoFI52lxo4VXPyYhAPTUNYhNVeh99VS9L1BT9vXgcatjjB6QprZlYIhE3V\/giSWZwjUJ8Q5Wgh6J65CKlFf0BuKLdUALW2JCiJhkx1iqhCubyM7SDw52ALcrAKrEyCeMvCSRVVigDqyZtYMnMWVxv33e\/4FrSKdwY4bAktDeojMgiAY2IY9h80zpu\/SrViuvuWQFTcZLl5l0TUS3y5WkzflZiGVNPxXtP9NzzWdQIm46F3drRo7E+qD+sWkiw3AGgRHrGMhMvzHaKTMVOZnnfshOrORmK1PW7ksr+aEBq21qX69ldXSuNHNRRbKJf4swKPZyTmSheei33R\/Zt1AywXuL6QeiuVv2VtrJYLBvJIGs+5K5tPGFsc0Uto5eD6rjH5ec1QqtwbH\/G+Pk72XgnSY0\/pEsbxlGxuYKc2XYt8e6xeHn6znzyb0HXH\/f87U2eZgettQHZaKRCuFT4AfRoDlTjbbyIhZT7IgTp59ISasqot4Zwfc0\/ovgD7qwdNYU7Y4zz8Nux4Z4JZbZEdY8Ui\/gLdnxxoUcFK\/a9RENkKrZoNN3C9T\/i2yPZxhqx2qi3MORuJyyxfuJ4WDP+tkt0lKbX964pAEeQNSEy6fDg\/FPGyEmnylo2UcNMiBt5CtupgZPoLBOTvGFV3OvZej8R6B8A3e0m+GG7Mfr4pVk77KsXDANtB50k4I3JtnmSVSDqZsO33cgu3upilBDflFpmXdF8WJ\/HQ3LS2tYAGXtzYMzfd0UZqbory9+9q6bghgHgfsvp5UwRUv7mFBp4ie92EQsoHU9BYogmr9y89\/OAqxwWiT2Ha4mnRgSOeffiaZE1L\/El97+I5fCbqHgCPNsSp709D5KcCP1oPgV70Dt3TXi95SQeoJcCco2H1X2IHSmvxrpgQgzneFyKAAH6NhmfksjLxQLpnxMudmsQJFE+AWlfgCGng3yjkFlfR\/+vVzyS\/e+t2uU4N1B1v9dcLQn6FUuHt5M5wM+r4DVw2cgAR0zkr74PCgh0Ppo+jWu5h4+aVd2YMN50fa7k1mglnd8FUbpnI2ab3N75bNKKq0lO0Qr5ISoixwLCKFrjltEgSKpcyGumKfbvlhEkVWZiTRB5xUEliVQt4j32sQAsoLKLnHO1roA250KE4u4Q5tDl4jXnzq8qf2djpGb1+0MZmuf1ni3BIRyunuBJL5q12SZ3CUOf5\/k1VgL+JRqy1wpno4GcbgO12eBIhHGT52P6IAGMInzvy1wtDe39KLe3REr3fxEDaCpPkU0WiIZR2HuptR6nWrqM3LxzSXphD6cDLvGaWRJJJt+jKeEu\/RqKmRBUM8u5thd42hpIwo3bCNgZvIF\/qhXFvWZg1CCzrZ4p9jH7ntRkeH0k0jl9HA5jmoW11h2EZq57O6rMUagr7osMzRvS0eZraMD7Fqc1v\/3\/wD5bRvLstKmI+89LH\/lhCqotrB2jsAcAilIi3JpwOeaTUnmZmOrn7UYL2NDPJuR0VBJ9gRIyO1\/2cW4XIx+9Vq68qE13tn+51dLk9d34prpYtcY9k85qNWj2A7gGmeLTTVEwdfEx8npmyB0BlWvUhwpvkCwyZByDnOVTdsNNil2veAgoxYJKDnIkvm7XlBCCf0jfhIslQWqZA4K8tli5WLX2ffoc1h5Ejh54GKUVjCMtJHDsy23kOmkxLByulWFzUVwb30UjPXsx5GhxL4CIOP0\/Na3oAJ6VXH2U8MARV6+Zthryst1pQXzcAON6s8PZFO4gePYHuiU8UuKs33Vi90LYqH+9Pw\/MiOQUCUBYMwvhF8RR0dHRG7LFM7SM6rZ63uDKi4tqNWuDImKryl8Ab8A2LrBxVkZYagAnkup6qtsniC5emOAc39VTMCz5+Ct4yruo90WopNYQbvMQu7IOD0zsh9zCWSsWIKpE74S0TRxQxbTkqyv2eX3SwCXkjwHdBNXhdDlfdTiVzr4blNsD8mBTsuU2xAne78WmGR9BHedas70BxmsfM40mKeUYCL6Xtfv5UAq+x1MnGUsYn4CwPWrJyOFwGI2O18ltGhrDjPoDux5X0qacPPUSHaLrLwVifofXmRiJJGH0Z97uvV+MQuz+2+967UdCuF31nbp4HCh1lIKhNRh51vOwyNCN3GO9uQliicrDSqFzOlQM5lkXT+oiddW6oCcW923dZv6fC4+vd3dEdErk6iozIH8HXQMxsXRE9JAR3lDfi8KSFZDq88tlibJFUSZkaus+ZGa79IyFJjNaWur7TuVVkpkL4bxO3aH2nUsIO4hjkv5dYivOqtTLAV9Twxg2nF1pJ9tE5Qpf0rFNm7xaI+Cr73h8eIfmafauD2mU\/nAXepg3cNcWzGRsvscp9YCtzZRNeQbLjkIa\/gDXt9LGHTbAAw07NPVneBn4eBwXtd8gp\/1tlkVsq+smxinbAAYSqL7cYFXVpy973oScEohcN8UmpiqPY8o9UkOP\/YZxoinaJobyF9Zkx30Gz89DFQon7EcL+Jjml2yQZnntKcE\/qUeMNXymmF+7rJaVpjgc+Wzb7nLPf8J3q5Cfj7qHh9DpvQ9a47sEqZDxlhUtHp1rmYCI3awO\/x86r3iYN89T+lKlftmGIbHq9tFAhfVcH7fChqhsOm+8gMYpW+hS+3+FpGXt5du0FZ9Q4mZrOpfHNbRWRS\/tbwHLcLI8DJ9N1BiRbBlqFmF5Rhkwo2GLySOhWwmW174y0K\/+P0RcoYnrzGotyZKp31zuXIlXLt3v66Yd5QGPMWNai7qydP\/kX5KGasqml1pS5SSBbJT3brhym1gwpFnlEMPHRGerVnFtZJf0Bn3W27uYiPvRF+O1sVyCrtsUTn34Qw9AE1b4lTRp\/QW766PdOaipQxUJcgk\/GqZ6zn23Z8cmQUaGTjXymf3WXb06KObYdyEV6dZG\/NY1z6WKLODlepnKOVGFvvSwuw\/JqasfUO46uWZvYSikuIN\/Z\/iA\/45F3DRmDhmPNLZLxs7Sng7yrTU76Sf0rLaGZfEYdSjN6d6UHpCl3ndI29JvDmri3m4DyE95I2S8O1M7CrQO3Wxg94SqOvOlAnRCVTjy0zZcSJFoHLycvLHW2vH3rkl55Y8hMVG1IGl0Zxa43fwhkXuJa+EJAYdy2rK9skzHo4bS+vUkOh75VQJR8vtlk3aEGaR2S4WwDmwwB302XRoJXBpG5+l8r4\/eTEWDZ8Cy1kd303C9N5GW647lwc+fRC8eMYLnKrXugJMhRvKPJj9rnJsvPcoqG2NKl10NfZYVLbT6noV\/Bw\/pe104Im\/vhkds+VN+DFqrJ\/lZWogBi01o9WVsFyOR4EeB4dKUs7j1jA+x8C7xfSLWXZPLjzjAoUP6abftApLYuF+yd\/cYEjEnFcQjNNLtBJgN1t72DrqHqMSqdRLZrWXltnQ0bL5ZHFjYh6pmrbkqCAQOE6jEKuOoKJR\/ZZyw2PWHwYU3tuZDg07lB301FoTnqDTIyw3r+Tyju4IambcHBSp5ayFmx+IxcRYzZzaTsML4zszgCDMl4S5Lx5ImaepwiSarXy4TT\/qsEbtD1SjEAWgL4IRQIpJvPipwznLNqhuebPCGfUvcdpR4y0ydadiZ\/ThLZgFcVGKYmELJtqAzCEzSNVUYQaulEc\/7xsPN24ECOKmzSDYHBDrCrdFP3IlY1HL3UVOnMAO5p6+x\/oY+d\/9cW0\/JevN0aa4jUlHtwcB8xkblVMRFgiTXwL4MRrcrWx+F\/77Xpm7scaviPGMxKgOPrJW4gDTiECMflgLc\/H528CwKFiSIn4VC5kK4G6kodAQoYJNQYeH14TM8jnmPP9G1srTAoPKAQOUQFHR5wlMdt6r\/9VmqmFroUsuJEyiOH4maUduO9tcITZiWqtab3Z5vOwA6C2tog2uFQ6sXI9kICN835gmB4SsTPBqK8UMEnYrCp\/8Icu\/mt9efd5P7IVryaN+JoI6xAoBAsOuZHbcgeTY6g3onSrGrN6z0ZYQw0OJ\/e9F3O3u1Xp1hrhVsDawBqtDHTDwoRMbE0+qly4+p64it+wYbVi+MrkFCuLR9o+ZiXBeygZzH74t7o6SNSD35T4jynzM3erfO5Uc\/5LrKcTFTg15gw6wnSSWF\/\/oTSWGOCgDwITXqZ5L7B7mMJmXJMl\/zQhshlEcMyn+j6cJ3V\/e2e4+FhWD\/0YMsPZk6GSiUdSSUZi5ctrqiLLISoL5kLrXl1NM5KaPZNicOCoMQUPKqzeHdXQf8YnUJRHOYzL2lzgozESL0AYFFFvTX2fe7sHXJr9tskBy+f6zNUiV3A40qZaXGQWa5F5FbFVRNT5SmFWs9DOpvY0t9ECi6sT9S\/rCe2ek1i1FEr76TY0FQEAL+XhfCubRTUvLXz4GzbMCB7UPetVz7fR4CQ\/3vt\/CsSMq6rhDIrxHYacUoMXbVuolKBkqgWyB\/uwTpC6xnO+ddXLmsaoueDYr0s7mQLKCIZ22pRRzQf\/z+iUFf56vfkQToTGBz+BTvMwF4vrFWiqVIRHFuCRzmAsnMKOlPfC3J7nM\/i+p7G+4mrOAlLNsOvdgwTtmCDLTZZKDLcj5DLiq\/nC0GOhT+H+CUiNvQAESZxITTO3wGTtKWs1+RQsOSU4Zf\/Kqh47\/uu723OM3h\/SPPDO9WhxIY6mh8p7fejyHv8zx3\/E5ziPK0uDUHb0BY3YeD8F8pWUdoGevswLFWgVP980rglmkZOWBoQ84CRbRJIrU+tfGE9JVlskJqvqb0jkxVYnx20DctRPWNlZDOzkv1BlU9fj2v\/KUGk\/k9ZF1NZ8OTB7gYZK9o\/PdRBUTWGlZt3wfyjoasltqou606MYsBGsIz9lFv0sBfSYjJmcs1ZAwqytpLK\/iwYHCMR5cY1AFxXg\/XQL5gU0Rv6A+WjkzTGuzwf427WoxA97yQb7umFe7kPviB+9RVx\/hcOQ2UnjRNXXnZ40N0iiFex4OlrTnUJJSQaOT6jxxUrJLFCoKV4KPVE6Cuz5LUCoqSUzPjLdST9z0yJRTkA54IiQz56rAt8c9hT+CmMxqy9o8RHZkO0drAYqnGLb1Q2E9AGJQ+BGBDmQrAg7V1lsP+PttFp5x2mwW8senQPOwy7fF9qgLXTMymyqWmRVqQZ5FqW6DmhMWibYqVZgPlMzIXomJ5PR4PvMrDB4YMYan9maJsfHcoEcuzafZcKOfBsH+T9rXu98on19VtAlJ2Tx2EaygcbvDZP\/JIQNiZa8jj+hUhp8PoUXEkjzjLXpxUGxxisTHVR30rLHXJ\/9fGx8pUBDpAxQtTQUtuL3wgq1SiE\/p9sqRDp76ov8BNLXF0jwB\/frdR7JTYKz+Q==","iv":"5d72bbbb3c4e4b05468d85e39ec7a2a3","s":"fddc8b8af4f63e14"}