All About Dscent Gallery
Dscent Gallery offers a wide array of perfumes, catering to both men and women.
The philosophy of Dscent Gallery revolves around the idea that a fragrance is more than just a scent;
it is an experience that evokes emotions and memories.
About Dscent Gallery
Set its business plan & strategy based on target reflected in seeking all possible efforts to gains the satisfaction of its valued clients & to provide all the unique and elegant solutions and to work diligently and faithfully to address all their tastes and aspirations. Dscent Gallery has started its first steps in the world of perfumes in 2022 in the United Arab Emirates in the city of Abu Dhabi.
We are a company that’s all about people whether they are our employees, our customers or partners. We believe that having exceptional talents is fundamental to the success of our company that has been flourishing since we started. We present the international iconic watches and perfumes brands under one umbrella. By combining top name brands, hard to find brands in market and customer service along with large discounts, we hope to create the ultimate shopping experience for you.
About UAE Economy
Smelling good is big business with the UAE’s perfume market projected to reach Dh1.12 billion by 2017, according to new research by Euro monitor International. The Middle East is establishing itself as a global hub of trendsetting perfume creations, as its legendary penchant for fine fragrances and exotic ouds leads international perfumers to set up base in the region to better interact with their favoured customers.
United Arab Emirates has the world’s highest expat population in the world as around 85% people living in UAE are non-Emirati. People from around 200 countries and nationalities are part of UAE and these mix demographics have changed the entire lifestyle of UAE. One such evident example is the cosmetic industry of UAE that is thriving with the passage of time. According to a report by Messe Frankfurt Middle East, UAE has the highest per capita expenditure for cosmetic products in 2015 in the whole of Middle East and Africa with $239 which is also 7th highest in the whole world. This per capita expenditure by UAE on cosmetic items will remain highest in the region in the next 5 years also and it is expected to reach $295 in 2020. In the next 5 years, the cosmetic market in UAE will grow by 5.8%. These statistics and predictions clearly show the prospects of growth of cosmetic business in the country.
These opportunities have persuaded cosmetic brands from around the world to open their brands in UAE and also do some experiment. Beauty products that are widely used in UAE include fragrances, hair care products, color cosmetics and skincare products. The recent trend in the UAE cosmetic market show increase in the sale of natural products, halal products and personalized products. Dubai govt. is the first one to certify halal beauty products that are free from pork and other haram ingredients. The govt. of UAE provides more and more business opportunities for beauty product entrepreneurs which also include the international trade fair of Beauty world Middle East. This year, the 22nd exhibition was attended by 42,000 visitors that include 1,570 exhibitors from 57 countries. The next Beauty world Middle East exhibi- tion will be organized from 8th to 10th May 2018 and it will provide another chance for the interested beauty related entrepreneurs to exhibit their products in front of one of the world’s largest cosmetic and beauty market.
Company Profile
Dscent Gallery Sole Proprietorship LLC Set its business plan & strategy based on target reflected in seeking all possible efforts to gains the satisfaction of its valued clients & to provide all the unique and elegant solutions and to work diligently and faithfully to address all their tastes and aspirations. Dscent Gallery Sole Proprietorship LLC has started its first steps in the world of perfumes in 2022 in the United Arab Emirates in the city of Abu Dhabi.
We are a company that’s all about people whether they are our employees, our customers or partners. We believe that having exceptional talents is fundamental to the success of our company that has been flourishing since we started. We present the international iconic watches and perfumes brands under one umbrella. By combining top name brands, hard to find brands in market and customer service along with large discounts, we hope to create the ultimate shopping experience for you. with our customers satisfaction and demand we are in planning of expanding our business in large extend by opening new branches across United Arab Emirates.
Swot Analysis
We understand that to be at the top of one’s game, we have to identify our areas of strength and weaknesses. We therefore thought that it was going to be a very nice idea if we carry this poll out, so as to be conversant with our strengths, weaknesses, as well as the opportunities that we are faced with.
Strength:
- Extensive Product Portfolio
- Market response is strong
- Good client base
- Our location would be one of our major strengths. Our location as well as a top notch facility will attract new clients to us on a continual basis. We believe that with our strength, we will be able to attract a good number of clients.
Weakness:
- Low brand loyalty - this is one of our major drawback. This means that we have to brace up for ample competition. Nonetheless, we shall continue to do our best to see that we bridge a gap between our strength and weakness.
- Another key constraint on growth is high number of options available to customers equated to buyers having huge power.
- Digital business growing.
Opportunities:
- Dubai is one of the places especially this part of Dubai that boasts of an avalanche of clients.
- Positive Outlook for ever emerging new products
- New products are being launched.
Threat:
- Intense Competition
- Rapid Changes
- Exchange rate fluctuations
- Global economic uncertainty
- Global economic uncertainty. Some of the threats that are likely to be confronted are- losing our clients to other competitors. We would anyways try to satisfy our customers with our unique and signature services that would bring them again and again. This is one of the aims of wanting to even surpass the needs of the people so that we can gladly continue to be at the top alway
Conclusion
It is widely expected and believed that the present conditions will prevail in this country for the coming years. Revenue will continue to show an uptrend. Economic growth is still projected for the UAE economy albeit not as high a percentage as originally anticipated. However, the opportunities and growth prospects still remain with almost 70 percent of the GDP coming from non-oil sectors, with the government further reaffirming their commitment to ensure that they contin- ue to create an economy that is resilient to market fluctuations in the future.
Although the intense drop in oil prices was said to cause a degree of hesitation in the market, this drop is said to be considered as a challenge and not a crisis, with the UAE being more equipped than other economies to deal with wavering market sentiment. As part of Vision 2021, the UAE is aiming to achieve a number of key milestones to be known as the nation of excellence and be amongst the best countries in the world by the Golden Jubilee of the Union – which, in our view, is achievable given previous landmark successes such as the Burj Khalifa, Expo 2020 win amongst others. In doing so and given the Expo 2020 win, the government is increasingly investing in key projects, developments and programs which further aid in enhancing business confidence and develop possible avenues of growth.
UAE is progressing at an amazing pace as tourism is developing and other economic activities are also booming – and thus resulting in related huge demand for our products. Businesses in the UAE remain cautiously optimistic compared to other economies as a result of increased diversification and opportunities which are still clearly evident. The UAE has one of the most stable economies in the world and has witnessed remarkable growth in recent years, which continues to position it high in terms of global competitiveness.
Prices of the product are falling and hence suppliers can benefit due to volume increase and thus enjoy high revenues and good profits. Considering the above factors we are of the opinion that this will be a financially feasible and successful venture meeting all economic and social obligations.