![Tanagra is part of Middle Eastern luxury retail giant Chalhoub Group's portfolio of brands. Image: Chalhoub Group](https://www.luxuryroundtable.com/wp-content/uploads/2023/12/Chalhoub-cropped.png)
Estimated at $480 million to $500 million in 2022, the luxury re-commerce market in the Gulf Cooperation Council countries – Saudi Arabia, United Arab Emirates, Qatar, Bahrain, Kuwait and Oman – is expected to grow at a compound annual growth rate (CAGR) of 10 percent to 15 percent, reaching $760 million to $780 million by 2026.