Retail sector is heading to reap a bonanza as people rush to complete their Eid shopping.

Sajjad Ahmad, Deputy Business Editor

Dubai: With Eid Fitr being around, the UAE businesses are experiencing a surge in sales as shoppers’ spending in the this festive season are expected to increase manifold.

Various sectors of the economy are expecting huge growth from hospitality sector to retail sector.

Car rentals and F&B sector also anticipating a tremendous growth during the season.

Business community leaders share their comments about the increase in sale during the Eid Holidays.

Soham Shah, Founder and CEO of Selfdrive Mobility said, “As Eid approaches, we anticipate a significant uptick in demand for transportation services, with a projected surge of up to 10% in daily or weekly bookings. This heightened demand is primarily expected from travelers originating from GCC countries, who typically flock to the UAE during this festive period to celebrate with family and friends. Given the familial nature of Eid celebrations, we anticipate a preference for spacious and comfortable vehicles, particularly full-sized and compact SUVs. These vehicles are well-suited to accommodate families traveling together, providing ample space for both passengers and luggage, ensuring a comfortable and enjoyable journey during this special occasion.

Vinayak Mahtani, CEO of bnbme holiday homes said, “Amidst the rush of last-minute bookings, this year’s Eid promises an extraordinary surge, with an anticipated 30% uptick compared to the previous year. Villas and penthouses reign supreme, catering to families from both within and outside the UAE, spanning from luxury beach enthusiasts to first-time Dubai visitors on a budget. Downtown, Dubai Marina, and JBR stand as the most coveted locales. From European holidaymakers to residents of diverse nationalities, the demand is palpable. Rates, varying with property size and location, soar to peak levels, starting from Dhs10,000 per night. Surpassing last year’s figures by double digits, we’re poised to exceed an impressive 80% occupancy. And with our exclusive offer of ‘Stay 5 nights, get the 5th for free,’ the allure of Eid celebrations in Dubai becomes irresistible.”

Gaurav Sabharwal, CEO of WOK BOYZ said, “We are undoubtedly on the brink of a significant surge in demand during Eid, poised for an impressive growth rate of around 120%. Regarding sales projections, we anticipate a substantial increase of approximately 25% - 30% compared to the previous Eid period, driven by Eid coinciding with a peak tourist season. This uptick mirrors the festive fervour and heightened dining experiences which is in line with this celebratory occasion. Our strategic focus will center on our mall outlets, anticipated to serve as bustling hubs of activity and customer engagement during Eid, where visitors congregate to revel and indulge in culinary delights. Our menu analysis indicates that our signature street foods, celebrated for their authentic flavours and inventive twists, will reign supreme in consumer preference during Eid. Moreover, our kid-friendly offerings, including bubble tea, are expected to witness a notable uptick in demand as families seek delightful treats for their young ones. This surge in demand is forecasted to stem from a diverse mix of customers, spanning residents and visiting tourists, underscoring the universal appeal of our cuisine and the inclusive nature of our dining experience, catering to both local communities and adventurous visitors.”