Image for representational functions solely. Footfall on the Mall of the Emirates dropped by 15% in March.
| Photo Credit: AFP
Sales at Europe’s greatest luxurious brands have shrunk in Dubai and Abu Dhabi as the Iran conflict hit the sector’s fastest-growing market within the newest setback for the $400 billion trade whose worth has contracted over the past three years.
Luxury brands in March reported sales drops of 30-50% at the Mall of the Emirates, considered one of Dubai’s largest, in comparison with the identical month final 12 months, in accordance to a supply with information of the beforehand unreported figures.
The figures are a gauge of the influence of the conflict on the posh sector simply as LVMH, Kering and Hermes are attributable to report quarterly sales this week.
Published – April 13, 2026 12:05 pm IST
