Wealthy fuel UAE luxury car market
The luxury car market in the UAE is expected to reach approximately $8.1 billion by 2035, with a compound annual growth rate of 5.6% from 2026 to 2035. This growth is driven by an increasing number of high-net-worth individuals and expanding demand for electric and hybrid vehicles. Dubai is leading the market growth, with projections of up to 6.0% annually, fueled by a strong tourism sector, smart city initiatives, and a rise in wealthy residents. In 2025, the market was valued at $4.7 billion, and it is anticipated to double in size over the next decade, with rising demand for luxury SUVs and electric and hybrid models, which remain the fastest-growing segments at a 12% rate. The UAE is also a global hub for luxury brands, exemplified by Dubai's debut of the Porsche electric Cayenne for the first time worldwide.
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