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Dubai Duty Free increases sales by 78 percent as tourism recovers

11:07 PM | 2 Jan, 2023
Dubai Duty Free increases sales by 78 percent as tourism recovers

DUBAI - There has been a staggering 78 percent increase in annual sales at Dubai Duty Free in 2022, signaling the recovery of tourism in the Emirate.

The annual sales reached Dh6.34 billion ($1.73 billion) for last year, surpassing its own forecast, amid increased passenger traffic through the world's busiest international airport.

The forecast for last year was Dh5.1 billion ($1.4 billion), but the stats confirm that the facility is set to attract more tourists in future as well.

“We are thrilled to announce such a positive year as travel returns, during which the operation went from strength to strength,” Colm McLoughlin, executive vice chairman and chief executive of Dubai Duty Free, said in a statement on Monday.

As far as the staff is concerned, the number was 4,000 in January 2022, however, the current staff strength is 4,663.

Details confirm that the per day sales reached 46,912 last year while for the complete year, 47.302 million units of merchandise were sold.

What was sold the most?

Perfumes were the best-selling items in 2022 with sales of Dh1.13 billion. They contributed 18 per cent to total sales. Liquor, gold, cigarettes, tobacco and electronics followed.

Liquor sales reached Dh1.021 billion and accounted for 16 per cent of total annual sales while Gold recorded sales of Dh629.29 million and contributed 10 per cent towards total revenue.

Serial Number Item Contribution
1 Perfumes Dh1.13 billion
2 Liquor Dh1.021 billion 
3 Gold Dh629.29 million
4 Cigarettes, Tobacco Dh562.35 million
5 Electronics Dh502.20 million

Cigarettes and tobacco stood fourth with sales amounting to Dh562.35 million, accounting for 9 per cent of total revenue, while electronics came in fifth place, with sales of Dh502.20 million, or 8 per cent of total annual sales.

Online sales accounted for 2.54 per cent of the overall sales count for 2022, reaching Dh161.2 million.

Sales in the airport departures area across the operation contributed Dh5.57 billion, representing 88 per cent of total annual revenue. On the other hand, passenger arrival sales totalled Dh573.38 million, accounting for 9 per cent of total annual sales.

Daily Pakistan Global Web Desk

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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