With rising demand for high-end timepieces, the luxury watch market continues to grow in the city of Dubai.
Online luxury stores and retail outlets are drawing the attention of watch collectors to get their hands on some of the most exclusive timepieces from around the world. Therefore, we have put together a detailed guide to help you buy, sell and trade luxury watches in Dubai.
How Can I Buy a Luxury Watch in Dubai?
The Dubai luxury watch market consists of timepieces produced by some of the most renowned watchmakers in the world. To help you buy a high-end watch, here are the steps you should follow:
- Find out a retail outlet or online luxury watch store
- Browse through the options available
- Select the watch of your choice
- Make the payment and complete the buying process
Find out a retail outlet or online luxury watch store
The process of buying luxury watches in Dubai starts with deciding whether you want to buy a brand-new watch or a pre-owned one. If you want to get a brand-new watch from the Rolex or Patek Philippe retail store, you should know that these watches usually have a waiting period. This waiting period can be anywhere from a few weeks to even a few years.
On the other hand, if you would like to get your hands on the watch as soon as possible, we highly recommend you check out online luxury watches stores in Dubai. Collectors can find unworn and used exclusive watches from brands like Patek Philippe, Richard Mille, Audemars Piguet and more.
Therefore, choosing your platform of purchase depends on what type of watch you would like to buy (pre-owned or brand new).
Browse through the options available
Having decided between a pre-owned watch or a brand new one, you can then browse through the collection of watches available either at the retail store or the online store. Watch connoisseurs are mostly aware of the watches they would like to buy and add to their collection, therefore they search for sellers who have the watch they are specifically looking for.
Say you are new to the market and want to buy a high-end watch, then it is advisable to go through all the options available. To make your comparisons between watch models, what you need to look for is, to identify the exclusivity of the watches models, and their current market price and potential. This way you make an effective buying decision.
Select the watch of your choice
Now that you know what kind of watch you want to buy and from where, and having gone through all the options available, the process of buying becomes easy. All you have to do now is to select the watch model of your choice to make the purchase.
Make the payment and complete the buying process
Lastly, to complete the buying process, you are required to make the payment. For online purchases, you can pay using net banking, a credit/debit card. The process of payments has been simplified to make it convenient and hassle-free for customers.
Guide to Selling Luxury Watches
Luxury watches are more than just a fashion statement, but have become a lucrative investment. For those planning to sell their high-end timepieces here are steps you will need to follow:
- Find a trusted buyer
- Provide authentic documentation
- Inspection of the watch
- Receive your payment
Find a trusted buyer
Premium watches hold a lot of value, and therefore it is essential for you to find a trusted buyer. You can sell your watches directly to another collector or buyer. Having said that, we still recommend that you sell your watches to pre-owned luxury watch dealers.
You can find a range of dealers in Dubai who indulge in the buying and selling of luxury watches. You choose your buyer (purchasing company) based on the feedback and product reviews customers have shared online regarding their services.
Provide authentic documentation
To verify the authenticity of the watch, you will need to provide the original documentation and details pertaining to the watch. The documents must primarily include the model name and reference number. Providing these details gives you as a seller the opportunity to ask for the price you are looking for.
However, with a lack of proper documentation, and a box of the watch. The chances are that the buyer may not be able to offer you the price you expect. Luxury items in the pre-owned market are bought and sold with proper documents to back their authenticity.
Inspection of the watch
Another important aspect of the selling process is evaluating the watch. To identify if the watch is original or fake, experts use careful techniques to thoroughly examine the timepiece. Not only that, but it also helps a buyer understand the current condition of the watch to determine a fair price for it. Therefore, an inspection of the watch is a critical process.
Receive your payment
Once all of the above steps to selling a watch have been completed, you then finalize a price with the buyer. Having agreed upon a fair price, you are required to provide your banking information for them to transfer the amount to you. You may either choose to get paid directly to your account or get paid upfront in cash.
Trade Luxury Watches Today
For collectors looking to refresh their collection of watches, you can now trade luxury watches in Dubai. If getting another timepiece in return for your watch is what you want, then you should consider trading your luxury watch.
On the other hand, if you are someone who wants to trade your watch, in return for cash, then selling it directly is a wiser choice. Online pre-owned watch dealers in Dubai, provide trading opportunities with a plethora of high-end watch options. The basic steps you will need to follow while trading luxury watches are mentioned below:
- As a private seller, it is important for you to identify a dealer who is reputed to buy, sell and trade in luxury watches.
- Once you have that done, then it is all about approaching the trader (pre-owned luxury watch traders)
- Showcasing your watch, fixing a fair value, finding the watch you would like in exchange, and covering a price above the value stipulated.
Top Luxury Watch Brands Found in Dubai
The city of Dubai is a booming market for luxury watches. Wealthy individuals, collectors, and watch connoisseurs have identified the potential of this market and have brought in tons of exclusive watches to buy in this city. Here are some of the top watch brands and models available in Dubai:
- Richard Mille RM 011
- Rolex Sea-Dweller
- Hublot Spirit of Big Bang
- Patek Philippe Nautilus
- Hublot Classic Fusion Aerofusion
- Gerald Charles Maestro 3.0 Chronograph
- Cartier Tank Française
- Tag Heuer Carrera
- Audemars Piguet Royal Oak Lady
- IWC Portuguese
Mentioned above are some of the top watch brands among others available in the UAE. These watches in the pre-owned market fetch anywhere between AED 52,000 to AED 3,00,000. For collectors planning to trade in their watches, the above-mentioned models are a great choice of investment.
Luxury Watches in Dubai: Summary
Luxury watches continue to become a greater asset of investment, thus bringing in new collectors into the market. To help you have a hassle-free process, we have provided you with a detailed buying guide, selling procedure and trading inputs as well. Find the top watch brands in Dubai and upgrade your collection of high-end timepieces