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Consumer Lending in the United Arab Emirates

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    Report

  • 15 Pages
  • December 2023
  • Region: United Arab Emirates
  • Euromonitor International
  • ID: 2516751
Despite rising inflation, increasing mortgage rates and interest rates, consumer lending in the United Arab Emirates remains buoyant in 2023. The local economy’s recovery and expansion are influencing the momentum of consumer lending, but geopolitical tension and financial market turbulence may have an impact.

The Consumer Lending in United Arab Emirates report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Consumer Credit, Mortgages/Housing.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Consumer Lending market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

CONSUMER LENDING IN THE UNITED ARAB EMIRATES
EXECUTIVE SUMMARY
  • Consumer lending in 2023: The big picture
  • Active real estate investment favours growth of mortgages/housing
  • Buy Now Pay Later platforms strengthen case for digital payment alternatives
  • What next for consumer lending?
MARKET DATA
  • Table 1 Consumer Lending: Outstanding Balance by Category: Value 2018-2023
  • Table 2 Consumer Lending: Outstanding Balance by Category: % Value Growth 2018-2023
  • Table 3 Consumer Lending: Gross Lending by Category: Value 2018-2023
  • Table 4 Consumer Lending: Gross Lending by Category: % Value Growth 2018-2023
  • Table 5 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 6 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 7 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 8 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 9 Forecast Consumer Lending: Outstanding Balance by Category: Value 2023-2028
  • Table 10 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2023-2028
  • Table 11 Forecast Consumer Lending: Gross Lending by Category: Value 2023-2028
  • Table 12 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
CONSUMER CREDIT IN THE UNITED ARAB EMIRATESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Card lending records substantial growth despite rise in interest rates
  • Leading banks prioritise new product development, accelerate partnerships as competition from BNPL continues to heighten
  • Interest-free periods and deferred payment options keep auto lending in motion
PROSPECTS AND OPPORTUNITIES
  • Continuous measures to push lending will increase liquidity and credit risks in the local market
  • Greater probability of improved consumption in local market set to support stable growth
  • Embedded finance solutions likely to emerge across spending verticals
CATEGORY DATA
  • Table 13 Consumer Credit: Outstanding Balance by Category: Value 2018-2023
  • Table 14 Consumer Credit: Outstanding Balance by Category: % Value Growth 2018-2023
  • Table 15 Consumer Credit: Gross Lending by Category: Value 2018-2023
  • Table 16 Consumer Credit: Gross Lending by Category: % Value Growth 2018-2023
  • Table 17 Forecast Consumer Credit: Outstanding Balance by Category: Value 2023-2028
  • Table 18 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2023-2028
  • Table 19 Forecast Consumer Credit: Gross Lending by Category: Value 2023-2028
  • Table 20 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2023-2028