In one of the worst economic disasters few years ago, people
who used to be great fans of luxury brands showed decreased interest since they
are way too expensive. Most of the people suffered a great financial set-back
and did not have sufficient monetary means to afford expensive luxury brands.
Instead they changed their buying patterns and shifted to purchase unbranded
commodities since their price is not sky-high and at the same time they provide
similar benefits. Although they are not wrapped up in fancy packaging like luxury
brands in Dubai but they are good enough to take over the reins.
Popular luxury brands have to rethink their marketing
strategies. They must come up with something new and innovative in order to
compete with cost-friendly unbranded commodities. People are no longer allured
towards luxury brands as they are not favorable to them in monetary terms.
However, despite all these things, there are still people who love to purchase luxury
brands in Dubai.
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