RAMADAN DEALS IN THE UAE -Several Ramadan-related sales have begun and will continue throughout the month. Retailers in the UAE have already announced sales of up to 70% off in preparation for fasting the forthcoming month.
However, what buying patterns can UAE residents be on the lookout for when taking advantage of cost-effective ways to invest their money beyond the advertisements of bumper discount offers? That is what we’ll look at in-depth.
Where will you find Ramadan Deals in UAE that will last the whole month?
While UAE residents stock up on household products before Ramadan Kareem to avoid going grocery shopping throughout the month of fasting. Also, they take advantage of the discounts that last during the month.
Some retailers say that Ramadan spending accounts for 12% to 20% of their annual profits, which is a big part of their annual revenue. LuLu Group, which started its pre-Ramadan sales dubbed “Ahlan Ramadan” at the beginning of this month, offers a 20 to 35 per cent discount on groceries all month.
Al Maya Group, which operates more than 50 supermarkets throughout the UAE, provides Deals for Ramadan in UAE during the month. The deals offer discounts ranging from 25% to 50% on:
- frozen meals
- bakery goods
Other supermarkets providing discounts for another week include Nesto Hypermarkets, SPAR, Mega mart, and West Zone. The majority of exclusive promotional packages at retail stores are not only month-specific but are also updated monthly.
Retailers and consumers will profit from the current buying rates.
Given that most stores deliver discounts around the board. It’s essential to figure out which products can get the most significant discounts and when the right time is to buy them. Also, it is helpful to figure out which format – digital or physical visits to shops – would be more beneficial to our readers.
The responses from people aged 16 to 75 revealed what have traditionally been people’s shopping habits in the Middle East during Ramadan.
According to the report, the selection and usage of online distribution options have expanded during Ramadan as a result of the pandemic.
- 31% of participants say they will opt for home delivery for their Ramadan orders
- 54% say they will shop for clothing
- 45% say they will shop for groceries
- 36% say they will shop for confectionery
According to a survey, about 67% of the participants said their cosmetic spending increased during Ramadan, with:
- perfumes accounting for 62%
- hair care products for 43%
- make-up and beauty products accounting for 31%.
Although quality and price are highlighted as the most critical priorities in shopping plans, the survey also revealed that product quality (63%) and product pricing (57%) are the essential variables for Ramadan.
A ‘price freeze caps Inflation-related wage increases.’
The Ministry of Economy has declared a complete moratorium on commodity price hikes during Ramadan, which begins on Tuesday.
This initiative would undoubtedly benefit customers in the region, as some merchants profit from the increased demand. With the government assuring that ample stocks will be available, there will be no room for hoarding, particularly after routine inspections have been announced.
As a result, even if demand rises and supply costs rise, retailers ensure that primary products are not affected. As a result, UAE shoppers can relax and not worry about price increases.
Concerns over inflation are that all over the world.
The UAE’s step, which imports 90% of its food and helps its economy ministry keep prices under check, comes as many other countries worldwide are experiencing inflationary pressures as the global economy returns to pre-pandemic levels of functionality.
According to a United Nations survey, global food prices soared to their highest level six years a month ago. Crops like corn and soybeans, commonly used to feed farm animals, have fueled the increase. It adds to concerns about food inflation in countries still strained by the coronavirus pandemic, which disrupted supply chains.
Inflation reduces the worth of cash by lowering its buying power, which is mirrored in a general rise in the costs of goods and services in an economy. Consumers will buy fewer commodities as inflation increases, input costs increase, and sales and earnings fall.
The United States and India, among a few other countries around the globe, are seeing inflation. When governments worldwide continue to pump billions into their economies to hold them afloat, the capital infusion would inevitably taper off. It result in a prolonged cycle of higher interest rates and, as a result, inflation.