Global economic uncertainties haven?t had much of an impact on the region?s top spenders ? and now there is data to back that fact.
New research shows that the region?s consumer went full speed ahead with their spending on luxury goods in 2015 despite global economic uncertainties and a drop in oil price,

A survey commissioned by American Express Middle East across five GCC countries reveals that the UAE retains its status as the No. 1 luxury shopping destination in the region, although there was a noticeable shift in spending habits.
Among cities, Dubai was the top choice by respondents in all countries and of all age-groups, while Abu Dhabi was also popular with the older age groups (35 years old and over).
More than 4 in 10 respondents (43 per cent) chose Dubai as their favourite place to shop for luxury items, followed by Abu Dhabi, Doha and Kuwait City. The survey was conducted by GfK and involved high income households in the UAE, Oman, Bahrain, Qatar and Kuwait.
How much we spend on and what
Guess how much do we spend on luxury shopping every months"
UAE residents spend almost Dh8,500 per month on luxury goods, according to the report, which also adds that our GCC peers in Qatar are bigger spendthrifts than us.
Residents in the five GCC countries continue to spend on luxuries and in the UAE, around 8 per cent of the monthly household income of those surveyed is spent on the good things in life.
This equates to nearly $2,300 (Dh8,447), placing the UAE second in...