For Indian housewife Shweta, life in Dubai is one long party. Married to a
wealthy businessman, the 49-year-old keeps a busy diary, attending kitty parties
and other social dos. She spoils herself silly at the beauty salon and spa and
is invariably dressed to the nines — be it the expensive jewellery she dons or
the latest designer wear she endorses.
Diana, another Dubai resident, 34, also aspires to the high life. She is
single and working and has only that much money at her disposal. But she spends
all of it on eating out, clubbing, personal grooming and clothes and
accessories, besides rent. She often runs out of cash, but uses her credit card
freely.
Welcome to Dubai where residents, particularly women, spend big.
Studies have established that the UAE has the region's highest individual
spenders, with each of its 8.2 million people spending an average of $21,577
(Dh79,252) per annum (Arab Monetary Fund, 2010) and the world's highest apparel
sales per capita at $785 (Dh2,865, A.T. Kearney's Global Retail Development
Index, 2010). At $71 (Dh260) a week, UAE teenagers also spend three times more
than their global peers (AMRB).
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