Demand for various mobile apps related to finance, entertainment and travel grew in the first half of 2022, according to a new study. PA
Demand for various mobile apps related to finance, entertainment and travel grew in the first half of 2022, according to a new study. PA
Demand for various mobile apps related to finance, entertainment and travel grew in the first half of 2022, according to a new study. PA
Demand for various mobile apps related to finance, entertainment and travel grew in the first half of 2022, according to a new study. PA

Mobile app downloads in the UAE jump 23% in first half amid higher consumer demand


Fareed Rahman
  • English
  • Arabic

Mobile app downloads in the UAE grew by 23 per cent annually in the first half of 2022 as smartphone use increased due to the coronavirus pandemic.

Finance-related apps registered a surge in demand, with downloads jumping 183 per cent during the six-month period, the latest data from AppsFlyer shows.

Downloads of travel, entertainment, social and food-related apps also grew by 36 per cent, 31 per cent, 30 per cent and 15 per cent, respectively, during the period.

However, retail app downloads dropped 9 per cent as more people visited physical stores after the UAE eased pandemic-related restrictions amid a lower number of infections.

“It is clear that as we emerge into the post-pandemic world, the accelerated momentum towards mobile that we have witnessed over the last two years has now created a mobile-first mindset among consumers and businesses,” said Samer Saad, Middle East manager at AppsFlyer.

“Our findings indicate a growing preference for mobile apps as the primary engagement channel. While this is ushering in a new era of convenience for consumers, it has greatly increased the competitiveness of the space.”

As demand for mobile apps grows, businesses must now seek “innovative and measurable means of enhancing user experiences and increasing engagement on their mobile apps”, he said.

Shoppers at The Dubai Mall. EPA
Shoppers at The Dubai Mall. EPA

The latest data comes at a time when consumer spending continues to rise in the UAE as the economy recovers from the pandemic.

Spending on retail items grew 16 per cent, year on year, in the first six months of 2022, while spending on non-retail goods rose 31 per cent in the same period, mall operator Majid Al Futtaim said in its State of the UAE Retail Economy report this month.

The UAE economy is set to post its strongest annual expansion since 2011 after it grew by 8.2 per cent in the first three months of this year on higher oil prices and measures to mitigate the impact of the pandemic, according the UAE Central Bank.

The Arab world’s second-largest economy, which expanded 3.8 per cent in 2021, is expected to grow by 5.4 per cent and 4.2 per cent in 2022 and 2023, respectively, according to the latest projections by the regulator.

The International Monetary Fund projects that the UAE economy will grow 4.2 per cent this year while Emirates NBD forecasts a growth rate of 5.7 per cent and Abu Dhabi Commercial Bank expects a 6 per cent expansion, supported by a sharp rise in the oil sector.

The AppsFlyer study shows that consumer spending on mobile apps is also growing.

Over the one-year period between March 2021 and February 2022, in-app purchases increased 9 per cent, with finance app purchases recording a threefold jump while spending through e-commerce apps rose 41 per cent.

“While there clearly appears to be a growing preference among UAE consumers to engage with businesses via apps, the fact that nine out of 10 UAE organisations today offer a mobile app makes this a highly competitive space,” the study said.

“For this reason, mobile app marketers have a key role to play in driving the success of their organisations’ mobile-first strategies.”

Remarketing, the tactic of focusing on users who have shown some interest in the brand, in particular, has also proven to be “highly effective” with UAE consumers, with conversions from this activity growing 43 per cent in the first half of 2022, compared with the first half of 2021, the study said.

“In today’s mobile-first world, growing app installs and increasing purchases made via mobile apps are two sides of the same coin,” Mr Saad said.

“To achieve what are now business imperatives calls for a multifaceted approach, combining a focus on exceptional mobile user experience and highly strategic marketing efforts.”

England's lowest Test innings

- 45 v Australia in Sydney, January 28, 1887

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- 52 v Australia at The Oval, August 14, 1948

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- 58 v New Zealand in Auckland, March 22, 2018

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What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

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SPEC SHEET

Display: 6.8" edge quad-HD  dynamic Amoled 2X, Infinity-O, 3088 x 1440, 500ppi, HDR10 , 120Hz

Processor: 4nm Snapdragon 8 Gen 1/Exynos 2200, 8-core

Memory: 8/12GB RAM

Storage: 128/256/512GB/1TB

Platform: Android 12

Main camera: quad 12MP ultra-wide f/2.2, 108MP wide f/1.8, 10MP telephoto f/4.9, 10MP telephoto 2.4; Space Zoom up to 100x, auto HDR, expert RAW

Video: 8K@24fps, 4K@60fps, full-HD@60fps, HD@30fps, super slo-mo@960fps

Front camera: 40MP f/2.2

Battery: 5000mAh, fast wireless charging 2.0 Wireless PowerShare

Connectivity: 5G, Wi-Fi, Bluetooth 5.2, NFC

I/O: USB-C

SIM: single nano, or nano and SIM, nano and nano, eSIM/nano and nano

Colours: burgundy, green, phantom black, phantom white, graphite, sky blue, red

Price: Dh4,699 for 128GB, Dh5,099 for 256GB, Dh5,499 for 512GB; 1TB unavailable in the UAE

MOUNTAINHEAD REVIEW

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Starfield
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Western Region Asia Cup T20 Qualifier

Sun Feb 23 – Thu Feb 27, Al Amerat, Oman

The two finalists advance to the Asia qualifier in Malaysia in August

 

Group A

Bahrain, Maldives, Oman, Qatar

 

Group B

UAE, Iran, Kuwait, Saudi Arabia

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Benefits of first-time home buyers' scheme
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  • DLD registration fee can be paid through banks or credit cards at zero interest rates
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RESULT

Brazil 2 Croatia 0
Brazil: 
Neymar (69'), Firmino (90' 3)    

Updated: August 24, 2022, 10:42 AM`