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Gulf Press > Business > Strong demand for luxury goods and auto parts in UAE boosts eBay sales
Business

Strong demand for luxury goods and auto parts in UAE boosts eBay sales

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Last updated: 2024/09/27 at 7:27 AM
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eBay, a global e-commerce platform, is witnessing a strong demand for luxury goods and auto parts worldwide and in the UAE. Ashish Chhabra, Vice-President and General Manager at eBay Inc, highlighted Dubai’s tax-free environment, affluent population, and reputation as a retail hub, making it an ideal market for these categories. By focusing on luxury goods and auto parts, eBay aims to leverage the UAE’s strengths and provide sellers with a platform to reach a wider audience and maximize their potential.

Recently, Dubai CommerCity signed a Memorandum of Understanding (MoU) with eBay to enhance business growth for companies within the Dubai CommerCity ecosystem. This collaboration will allow businesses in Dubai CommerCity to connect with international sellers through eBay marketplaces. Chhabra emphasized the unique and valuable inventory in the UAE market, particularly in luxury goods and auto parts, showing healthy growth trends in these sectors.

Through this partnership, eBay intends to connect Dubai businesses with over 132 million active buyers globally, providing them with the necessary tools, infrastructure, and reach for success. Offering support to SMEs in the UAE, eBay plans to empower sellers through training, workshops, and webinars on cross-border trade and e-commerce. The platform aims to unlock strong demand in key markets like the US, UK, Germany, Australia, and Canada by guiding sellers on listing strategies and product descriptions.

eBay’s expansion strategy in the UAE focuses on understanding the local market’s needs, especially in high-demand sectors like luxury goods and auto parts. The platform is committed to enhancing its technology to meet evolving customer expectations, investing in advanced search algorithms and personalized recommendations to connect sellers with buyers. Additionally, eBay is investing in technology to facilitate inventory management and improve findability on its platform, while actively working with sellers to understand the UAE market’s unique requirements.

Chhabra expressed his optimism about the partnership with Dubai CommerCity, emphasizing the potential to set up SMEs for success in the global marketplace. eBay’s vision involves building a seamless, integrated platform that empowers UAE businesses to thrive globally through strategic partnerships and investments in cutting-edge technology. Overall, eBay’s collaboration with Dubai CommerCity aims to support UAE businesses in becoming industry leaders and driving economic growth in the digital commerce sector.

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News Room September 27, 2024
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