Demographics

The United Arab Emirates is positioned on the southeast of the Arabian Peninsula, with Dubai being the most famous emirate. UAE is well-known mainly for its oil resources and coastlines. The United Arab Emirates’ overall population is 9.9 billion, and Abu Dhabi is the largest and most populated of all. The country has a 99% internet penetration and high social media use. Around 9.73 million people in UAE use the internet and social media actively.

Average Salary

The average salary of a working adult in the UAE is around 19,600 AED per month, the highest average salary being 90,100 AED and the lowest average being 4,370 AED. The pay in UAE is dependant on your qualification and experience and also varies according to the location.

Economy

Oil and natural gas are major contributors to the economy of UAE, particularly Abu Dhabi, making for almost 30% of the country’s GDP. The crude oil production fell during the last year, causing a 6% decrease in the overall economy of the UAE. Other than crude oil and gas, the non-oil GDP is predicted to grow by 3.6% in 2021. However, the oil-dependent GDP is forecasted to stay flat this year due to the production decline in recent months.

Payment Gateways

A huge chunk of the Vietnamese population uses credit cards to make online payments. Yet, digital wallets have revolutionized the online payment methods with various options available now. Other than PayPal, e-commerce websites in Vietnam use numerous other payment gateways like Ngan Luong, OnePay and Smart Link, etc.

Popular Products

Fashion and beauty is a leading market in the Vietnamese e-commerce industry. $717 million were spent on clothing and makeup in the past year, along with a similar $716 million spent on electronics and physical media. Spa and beauty services and music are also quite large online markets for people looking for dropshipping to Vietnam.

Fig. UAE Economy

E-commerce in UAE

The United Arab Emirates is believed to have the second-highest internet penetration in the Middle East. The e-commerce market has grown immensely, exhibiting a growth of three times since 2013. M-commerce is relatively popular due to a large fraction of people who use mobile internet. The number of mobile users in the UAE is 9.06 million.

A survey conducted in 2019 showed that consumers prefer online shopping as 66% of people expressed their trust in online shopping while 70% said they rely on online payments.

Payment Gateways

87% of the total population has an account with a financial institution, whereas 45% have a credit card. Also, 21% possess a money account. The leading payment gateways in the United Arab Emirates are digital wallets such as Telr, Payfort, Checkout, Cashu, and CC Avenue.

Popular Products

The most demanded e-commerce categories in UAE include health, beauty, perfumes, pet products, and baby products. People spent $1.09 billion on fashion and beauty while electronics worth $949 million were sold, followed by $399 million spent on food and personal care.

Future of e-commerce in UAE

The gains in the e-commerce market of UAE are anticipated to reach $7,456 million in 2021 and 11,034 million by 2025. The largest e-commerce category is fashion, having a projected market volume worth $2,221 million.

Dropshipping to UAE

Wefullfill provides reliable dropshipping services to the UAE within 7 to 12 business days. The Wefullfill website is updated frequently with all trending products that are dropshipped directly to the destination without any shipping costs.

Make the best out of your business with Wefullfill!