The UAE’s E-commerce market will rise to $9.2Billion by 2026, and now is the time to join the growth!

There’s no better time than now to reap the benefits of starting your e-commerce venture in Dubai. Dubai Chamber of Commerce research predicts that the UAE e-commerce market will reach $9.2 billion in 2026, and the sector’s share of retail sales will reach 12.6%. Based on data from Euromonitor and released ahead of GITEX Global 2022, the study highlighted several factors boosting e-commerce activity in the UAE and high-potential growth opportunities.

As the GCC’s eCommerce market has evolved, consumer behavior and business models have also changed. Since Noon.com was founded, it has been dedicated to developing and expanding the region’s online retail industry. By offering entrepreneurs a quick and easy way to promote their products online, Noon.com also leverages the growing demand for convenient online shopping in its region.

The following are some of the benefits of selling on Noon.com, whether you’re an eCommerce startup, a drop seller, or someone with a bricks-and-mortar store that would like to start selling online:

Reach Millions Of Customers:

A new market can be challenging, but Noon.com provides valuable exposure. Besides appearing in the relevant category on the website, your company also gains online momentum by appearing in the side and bottom bars. In addition, you can achieve effective publicity and coverage at a fraction of the cost of standalone promotions by reaching out to potential customers rather than spending money on aggressive and ineffective marketing methods like pop-up advertising.

Gain Customer Trust:

The first thing an online store needs in a new market is a good reputation and the trust of its customers. Customers are wary of new initiatives and sellers, preferring to stick with long-term merchants. If you want to spend your time on something other than attempting to build a

reputation while working on one-time orders, Noon.com is the place to start your eCommerce business.

Grow Your Brand:

When expanding into a new country, you must purchase offices and warehouses, hire local workers, and dispatch supervisors and managers. With Noon.com’s warehouses and extensive operational setup, you can develop your eCommerce business in the UAE by utilizing Meydan FZ’s services. Using Fulfilled by Noon, you won’t be charged expensive depot fees in Emirates. It operates similarly to FBA in that you give your products to Noon, and it handles the rest—from packing to shipping.

Obtain An Online Presence:

Noon Marketplace allows online businesses to gain significant exposure to potential customers highly effectively. The eCommerce platform has a domino effect regarding increasing brand awareness. Through Noon, businesses can gain more digital foot traffic to their websites/eCommerce platforms, and the much-needed trust factor can increase client acquisition, engagement, and retention.

Minimal Costs:

The commissions charged by Noon on their website are minimal. Depending on the product, this can range from 4% to 27%. However, there may be additional expenses if you use Noon’s services and facilities. Typically, shipping and handling are calculated as a percentage of the overall sale price. According to the products, a monthly storage fee is also charged.

Reach New Markets:

Introducing the digital era in the UAE and Saudi Arabia was Noon.com’s debut with a $1 billion investment from Emaar Properties in December 2017. Through its massive warehouse in Egypt and partnership with eBay, Noon now offers global products in the Middle East and North Africa.

Having partnered with small and medium local businesses, dealers, and suppliers for years, Noon has become the starting point for many new regional brands.

Great Support:

Any small or medium-sized business can benefit from selling and expanding through Noon. It is easy to become a vendor on Noon’s e-commerce platform within 48 hours because it is user-friendly.

The payment process is also fairly straightforward. You will be paid on time every week for the revenue you receive. Due to Noon’s easy sailing, you don’t need to hire a single person at the end of Noon to handle problems – you can easily fit that into your multitasking.

As online shopping demand continues to rise and investments in the sector’s infrastructure continue to flow, the UAE’s e-commerce sector is expected to grow. Furthermore, with the growing momentum of e-commerce in the country, payment systems, financial technology, electronic logistics, and distribution centers are predicted to have more business opportunities.

Why Meydan Free Zone?

Creating an eCommerce business that sells its products on Noon has never been easier. Free Zones are the best location for distribution centres of major eCommerce platforms due to the extraterritoriality principle that regulates free-trade zones, allowing for faster delivery of their items without incurring additional costs connected to import tariffs. Meydan Free Zone, dedicated to making aspiring businesses’ aspirations a reality, is located 15 minutes from Dubai International Airport and offers easy access to Downtown Dubai.

The premium company address will help you acquire top-tier clients. As a member of the Meydan Free Zone family, you will also have access to a fully equipped Business Centre and monthly networking events. Our Business Centre provides a world-class professional environment and an ambience that stimulates performance while maintaining privacy.

Speak to the consultants at Meydan Free Zone if you would like guidance on starting selling at Noon when setting up an eCommerce business in the UAE.