The Middle East luxury Furniture Market is forecast by Technavio to grow at a CAGR of 4.48% from 2023 to 2028, with the market expected to increase by USD 413.02 million. The growth is primarily driven by an uptick in residential construction, expansion of office spaces, and a rising number of affluent customers. Luxury housing projects are creating higher demand for premium residential furniture such as multifunctional and designer items. Retailers are incorporating AR and VR technologies to enhance customer experience, helping them visualize furniture before making purchases. However, a growing challenge is the rise of furniture rentals, particularly among young urban populations, which could limit direct sales. Major companies like IKEA and LVMH are continuously expanding their product lines and geographical presence to strengthen their foothold in the region.

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