Luxury watches are investment assets … and the UAE’s appetite for them exceeds “hobby”

The luxury watch expert and the founding partner of the Dubai Watch Club, Mohamed Al -Nuaimi, suggested that a specialized platform in luxury watches be organized by an official authority.

He told «Emirates Today» that the presence of a recognized platform will enhance the transparency and credibility of the market, stressing that fraud and fraud in the luxury watch market has become a global challenge ascending.

Al -Naimi stated that the Emiratis are passionate about luxurious and rare hours, and they became experts in their acquisition, pointing out that the acquisition of luxury watches has become for some a form of investment, and he said that the Koruna’s pandemic has reshaped the concepts of the watch market, as the supply decreased and the demand increased, which led to an increase in prices in the secondary market, and some saw in the hours an investment opportunity.

Specialized platform

In detail, the expert of luxury watch and the founding partner of the Dubai Watch Club, Mohamed Al -Nuaimi, proposed the formation of a platform specialized in luxury watches, which are organized by an official authority, instead of the sales and purchases that were promoted on social media, stressing that the platform will allow those interested in these watches to buy and sell it within specific frameworks, so that this process acquires credibility.

Al -Nuaimi told «Emirates Today»: “The presence of a recognized platform will enhance the transparency and credibility of the market, and will provide a reliable framework for watch lovers to conduct their transactions with confidence,” noting that the luxury watch sector has a wide and active mass base within the UAE, and is considered one of the sectors of increased growth in light of the citizens ’passion for them.

Al -Nuaimi pointed out that fraud and fraud in the luxury watch market has become an upward global challenge, pointing out that some of the fraud methods have become very complex, and accurate parts of the watch may affect difficult to discover only through a specialized examination, advising the necessity of buying hours from official agents only, or resorting to accredited experts to examine the watch before completing any purchase.

UAE habit

Al -Naimi talked about a firm habit of many Emirati families, which is the inheritance of the acquisition of luxury watches across generations. He said: «The Emiratis are passionate about luxurious hours, watching new versions and following their latest news.

He added: “A high percentage of Emiratis have luxurious hours, and I expect an Emirati house not without an hour of luxury, especially those that are a legacy of a former generation.”

He continued: «The Emiratis have become experts in the acquisition of rare and luxurious watches, and many of them have great experiences in the details of these watches and their manufacturers, and they have become more aware of the details of the industry, and are looking for technical complexity and the ancient history of the brand.

Value assets

Al -Naimi pointed out that the acquisition of watches is not just a hobby, as it exceeds for some, as it is assets of great value, and their prices increase over time for specific hours.

He explained: «The acquisition of luxurious watches for some has become a form of investment, as these pieces are the original gain that gain value over time, especially some rare versions that have witnessed sharp increases in their prices.

Mature taste

On the taste of the Gulf consumer related to watches, especially in the UAE, Al -Nuaimi said: “The region’s audience has become more aware and knowledge of the details of the watchmakers, they are experts in their acquisition,” stressing that the Gulf consumer is no longer attracted to the “most popular” only, but rather is looking for the ancient history of the mark, and unique pieces of sustainable value.

He revealed that the increasing demand in the Emirati market focuses on signs such as “Rolex”, “Patek Philip” and “Audemar Begih”, given the long -term and long -term heritage.

Al -Nuaimi stated that the Gulf market has become a pivotal for many global signs, saying: “Some brands are the Arab Gulf region, the largest market, so she is keen to participate in local events, but rather devotes exclusive publications to the region, which reflects the increasing importance of this market.” He pointed out that increasing awareness and experience among dealers, and their desire to acquire unique pieces that maintain their value, contributed to the entry of the region’s position on the global map Watch industry.

Social status

Al -Naimi stressed that the watches will always remain a symbol of the social status of the man, considering that it is one of the rare pieces that add to the man’s appearance a touch of excellence. As for the influence of smart technologies, Al -Naimi saw that the luxury watch market will remain immune to this effect, saying: “The luxurious watches depend on craftsmanship and manual creativity, and carry a spirit that cannot be simulated with smart technologies.”

Al -Nuaimi advised those interested in the hours to search for “the piece that you talk to”, as he put it, and reflects their personal taste, considering that “the rare hours carry a spirit, and who appreciates the details realize its true value.”

Investing in hours

Al -Nuaimi stressed that “the Koruna pandemic re -formed the concepts of the watch market, as the supply decreased and the demand increased, which led to the increase in prices in the secondary market.”

He added, “This attracted a new segment of non -amateurs, who saw in the hours an investment opportunity, which is remarkably changed the dynamics of the market.”

Swiss exhibition

The luxury watch expert, Mohammed Al -Nuaimi, said that the exhibition “Watches and Wonders”, which was held in the Swiss city of Geneva this year, was an exceptional event that reflected the increasing innovation in the world of luxury watchmakers, indicating that the participation of 60 well -known brands, including new signs such as “Bulgari”, and six other independent signs, indicating the expansion of the exhibition and its growing diversity.

Al -Nuaimi said: «The current general exhibition presented a unique combination of creativity and advanced technology, and it has become one of the most prominent annual events in the agenda of fans and amateurs of luxury watches around the world.

Al -Nuaimi reviewed the most prominent publications at the World Exhibition, saying: “The Land -DWELER watch was from (Rolex), among the most admired hours, as the Les Cabinotiers Solaria Ultra Grand Completion – La Première from (Voconon Constantin), which is currently the most complex in the world, is currently (Patek Philip) presented a distinctive version (Calaatrava 6196p) that reflects artistic taste and high technical accuracy.

Design trends

On the most prominent technical and design trends that characterized the publications of this year, Al -Naimi explained that there is an increasing trend towards the use of ceramics in the watch industry, as well as the adoption of bold and unconventional colors, and the watches decorated with precious stones have emerged, which gave many artistic nature closer to high -end jewelry.

He pointed out that signs such as “Mozer”, “Van Cleef & Arpels” and “Cartier” presented amazing designs that combine superiority with luxury. The exhibition also witnessed a trend towards re -introducing classic designs in modern copies, pointing to the “Cartier” experience. Al -Nuaimi stated that “Rolex” was the strongest by launching a completely new line, followed by “Fasheron Constantin”, which presented the most complex hour in the world, while “Bulgari” impressed everyone with the release of the thinnest “Turbion” watch in the world. He pointed to the increasing use of sustainable materials, explaining that signs such as “Panirai” took the initiative in this trend.

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“Dubai Watch Week”

The luxury watch expert, Mohamed Al -Nuaimi, talked about the importance of local initiatives, foremost of which is “Dubai Watch Week”, in strengthening the state’s position as a regional center for this important industry globally, saying: “(Dubai Watch Week) has become one of the most prominent exhibitions globally, but is almost close to its importance from the Switzerland exhibitions, thanks to the participation of major brands, and the provision of exclusive and special publications for this event.”

He added: “The fundamental difference between (Watches and Wonders) and (Dubai Watch Week) lies in the target audience, as the first focuses on distributors and agents, while the second addresses amateurs and customers directly, which gives him a more interactive nature.”