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The lack of luxury or value-added tax on the purchase of commodities in the region is a major driver as increasing number of people are opting for cars, including passenger cars as well as luxury cars due to high temperatures recorded round the year, said the report.
A statement issued by Persistence Market Research explained: "The lack of luxury or value-added tax on the purchase of commodities in the region is a major driver, as [an] increasing number of people are opting for cars, including passenger cars, as well as luxury cars due to high temperatures recorded round the year.
However, given the lack of luxury independent hotels in Dubai, he believes the emirate won't be suitable for the brand going forward.
The biggest challenge for start- up fashion designers is the lack of luxury space and the high cost of rentals.
Challenges remain such as the lack of luxury accommodation and an overreliance on the summer season and European source markets.
One reason for the lack of luxury good sales is the continued absence of tourists from Saudi Arabia, Kuwait, Qatar, Bahrain and the United Arab Emirates, Chammas explains.
ClickPress, Mon Dec 02 2013] We believe that the low cost of land and lack of luxury accommodation make for a good investment environment for international hoteliers and this is likely to encourage further enlargement of their national footholds in the future.
And in a city with no lack of luxury cosmetics and fragrances, the chain's Look Boutiques have staked a legitimate claim to the high-end beauty market.
A lack of luxury apartments in the area also made the conversion a suitable alternative.
Louie sees the lack of luxury inventory as an advantage for his property, but notes that only prospective buyers who specifically looking to live in the Lower East Side would likely consider moving in.
com) makes up for its lack of luxury with its location--plus an indoor pool and hot tub to boot.
Israel is described as extremely dynamic, industrious, "total lack of luxury, but not poverty.