PROSPECTS AND OPPORTUNITIES
Demand for consumer credit to remain stable
Demand for consumer credit is expected to persist over the forecast period, driven by GDP growth, rising oil prices, stable interest rates, and increased credit appetite from both consumers and financial institutions, with higher loan demand concentrated in the conventional banking sector. While gross lending of consumer credit is set to further rise, there may be some challenges and risks ahead, such as rising inflation and interest rates, geopolitical tensions, and financial market turbulence.
Buy Now Pay Later set to continue growing
Buy Now Pay Later (BNPL) in the United Arab Emirates has been experiencing remarkable growth, driven by the increasing penetration of e-commerce and integration of BNPL options across merchant segments. Prominent BNPL providers such as Tabby, Tamara, and Cashew are extending their services beyond electronics into various sectors.
United Arab Emirates to remain active market for new financial products
The United Arab Emirates is rapidly advancing its fintech sector through a strategic combination of government support, progressive regulatory frameworks, and forward-thinking initiatives. The nation's supportive regulatory environment and substantial government backing have established it as a fintech hub in the MENA region.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in United Arab Emirates with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in United Arab Emirates, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Credit in United Arab Emirates report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Credit in United Arab Emirates?
- What are the major trends key to understanding Consumer Credit in United Arab Emirates?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Consumer Credit in the United Arab Emirates - Category analysis
KEY DATA FINDINGS
Central Bank offers flexibility on repayments
Auto lending remains resilient while lenders remain competitive
New loan products on the horizon
Demand for consumer credit to remain stable
Buy Now Pay Later set to continue growing
United Arab Emirates to remain active market for new financial products
Consumer Lending in the United Arab Emirates - Industry Overview
Consumer lending in 2024: The big picture
2024 key trends
Robust real estate investment climate offers potential for mortgages/housing
Central bank launches new regulatory framework for Buy Now Pay Later providers
What next for consumer lending?
DISCLAIMER
The following categories and subcategories are included:
Consumer Credit
- Auto Lending
- Card Lending
- Durables Lending
- Education Lending
- Home Lending
- Other Personal Lending
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsWhy buy this report?
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- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Consumer Credit research and analysis database.
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