UAE luxury car market hits $8.1B

The luxury car market in the UAE is expected to surpass a value of approximately $4.7 billion in 2025 and reach around $8.1 billion by 2035, with a compounded annual growth rate of 5.6% between 2026 and 2035. This growth is driven by the increasing number of wealthy individuals in the country, rising demand for electric and hybrid vehicles—especially high-performance luxury SUVs—supported by the expanding electric vehicle charging infrastructure and the growing luxury car markets in Dubai and Abu Dhabi. Dubai is projected to achieve a compounded annual growth rate of about 6.0%. Additionally, the UAE has established itself as a global hub for luxury brands, continuously attracting new models such as the Porsche electric "Kayenne," which was launched in Dubai before a large audience. The vehicle features rapid acceleration and an electric range of up to 642 km.

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