Dubai is known for its luxurious lifestyle, and nothing is better to show that luxe as in your daily attire with a high-end timepiece. The industry of high-end watches in Dubai attracts the attention of all the tourists who have a keen eye to buy something opulent and then use it as an investment. The best part is that you can wear these watches as much as you want, and the prices will only go upwards.
Why are luxury watches a good investment?
The best way to earn is to invest in a product you believe in. As for watches, they have a very high selling rate, making them one of the best investments. Currently, the market value of luxury watches for men across the globe is 6.93bn USD. The market size of of these wrist watches in Dubai is at $8.9 billion and is more likely to increase in the upcoming years.
Like the other industries that focus on trading, buying, and selling, watches are now one of the favorite targets of many investors. As a result, investors keep looking for the auctions and any store from which they can get luxury watches in Dubai. Also, when it comes to luxury wristwatch brands, they launch multiple limited-edition versions where they only make a limited number of products and end that edition once they are sold out. As per watchmaestro.com, watch enthusiasts always crave a unique version of the watch that is not easily available in the market.
This makes the watch enthusiasts crave more to get that unique version of the watch.
What factors make high-end watches the best investment?
Luxury watch brands do check the patience of their consumers. It is very common to get your eyes on a unique piece of the watch from a famous brand and then wait for months or even years to get it in your hands. In Dubai, a luxurious lifestyle is very common and people seek the path through which they can get their luxe products in no time. Another thing that makes luxury style watches the best investment is the quality. The quality of these watches lasts for a lifetime. Antique and old editions of high-ended branded watches are sold at a much higher rate as compared to the new ones. Investors keep a focus on the available options and buy those editions that will give them the highest profit after some time.
To enter this industry, all you need to do is follow the simple steps: buy, sell and trade. Learn to follow these steps at the end of the article.
Is it better to buy a luxury watch in Dubai?
In a city that is famous for its luxurious lifestyle, luxury branded watches are relatively accessible in Dubai, especially Rolex watches. There is no category when it comes to the price of these watches and their models. The watches with the highest hype are often the first target of consumers.
Another reason why these watches are competitively priced in Dubai is because of the high competition. Almost all the brands that have luxury wristwatches are present in Dubai, and all the potential buyers are also in the same city. This makes the competition very tough for the brands. In Dubai, there are always potential buyers for these watches. Even though you will find most of the high-end watches brand in Dubai. There is a huge variety to chose from that makes Dubai the best place to get your bliss timepiece from.
3 premium watches that best preserve their value and growth potential over time
Diving into the world of luxurious watches, look at the top 5 premium watches whose value only goes upwards.
Rolex Submariner
Rolex Submariner is named after its unique quality. It is waterproof to 1,000 feet (300 meters). It is also known as the diver’s watch because of this feature. It has the Caliber 3135 movement which is housed in a 904L stainless steel case.
Looking towards this watch for investment purposes, the first positive thing is the company that is a famous brand. Even after two or three years, Rolex watches are being sold at the same rate or sometimes at much higher rates. This one is a pioneering watch of 1950, making it a unique piece to invest in and trade.
Patek Philippe Nautilus
Patek Philippe Nautilus has a unique style that is a rounded octagonal shape and horizontal dial that is embossed with numbers and square blocks. One thing that makes this watch to be the best choice for investment is that Patek Philippe has announced its discontinuation and the production will end at the end of next year. Soon after this statement, the prices of these watches rocketed up and after the discontinuation, they will rise more. The prices of these watches start from $120,000 at this time and the expected price of it after a few months is $250,000.
Audemars Piguet Royal Oak Jumbo
To have a collection of premium watches for investment, this is a watch that you must have at any cost. The last production of these watches was in 2021 and after that, they were discontinued. The company had its 50th anniversary in 2022 and they are planning to say farewell to all their steel version editions. It shows that all the pieces with steel versions have become limited and the price of these pieces is rising day by day. It is best to get your hands on these watches before all the watch collectors get them and then keep them safe with them for decades.
3 Things to check before buying or exchanging an original watch
Before you start your investment process, look at the three things that you need to know to buy luxury watches in Dubai.
H3: Learn to differentiate between original and imitation
– Check the weight of the watch; authentic watches are heavier
– The prices are lower, but they cannot be very low
– Luxury brands have a unique design that they place in the watch. For example, Rolex has a laser-edged crown present at 6 o’clock. This cannot be observed with naked when buying eyes but can help you identify originality.
Make money trading luxury watches
Once you learn all about the process of buying, let’s look at how you can make money with these watches through trading. There are three simple steps to make your money:
Buy and sell online
You do not have to roam the streets to find the best investment watch as all the services are now available online. You can sell your luxury watches in Dubai by easily placing your order online. The best thing is that these services buy and sell after a thorough look into the watch and confirming its authenticity. It is considered the best method to buy luxury watches online.
Exchange your luxury watches in Dubai
You can find any watch you want and exchange it with the watch you own. With this swap, if your watch is worth more than the watch you selected, you can even get money with the new watch you ordered.
Look for an online watches’ trader
Look for the trader that confirms the product’s originality and shows you the proof of the branded watch. Ask for the original box with the watches that you buy.
Entering the field of expensive watches for investment is the best thing. All you need to know is to understand and find the right platform from where you can buy, sell, and trade your watches.
