Souq For Used Products With Rentals In The UAE

UAE is home to over 100 nationalities. Each of us has unique shopping habits which have given rise to a diverse range of pre-owned products. Every day, millions of dollars’ worth of new products is bought at malls and online shopping platforms in the region. Automatically, this gives rise to a market for pre-owned/used products. The market in the UAE for used items excluding motors & properties is estimated at over 10 billion USD.

YallaBargain.com is the first online marketplace where, both individuals and businesses can BUY, SELL, RENT used products which extends the product’s life cycle thus enabling a more sustainable economy. Verified members can sell or rent out their products to other members using the platform. YallaBargain.com takes care of the delivery and payments for all orders which enable convenient and complete transactions of used items online. Yalla Bargain also acts as an online sales channel to hundreds of second hand retail businesses and product rental companies in the UAE.

Billions of dollars’ worth of pre-owned products is lying around as idle assets across homes and offices. The Dubai Municipality is also keenly looking at this sector as it has invested over 20 million USD to build an offline market to transact second hand furniture & household goods in the UAE. Online classifieds and social media groups for used products don’t help in most cases as it does not enable complete transactions and users have to meet offline which may pose personal and financial risks.

With UAE being an expat driven country, it’s an ideal hotspot for used products as there is a continuous inflow and outflow of expats. Millions of dollars of offline transactions of used products occur in the UAE through Second-hand Retailers & Wholesalers, Product Rental Companies, Flea Markets, Car-boot sales and more. YallaBargain.com is looking to move these transactions online and work towards organizing this highly unorganized market.