The UAE’s luxury watch market is a booming one, with the lavish lifestyle of Abu Dhabi and Dubai providing immense opportunity for luxury brands: luxury goods markets in the UAE have helped to promote these cities as desirable shopping destinations to shop for luxury brands.
Residents in the UAE are growing in market knowledge and we now have an inquisitive consumer population in the Middle East that see Watches as much more than just a timepiece. With the ever increasing demand for top brand watches such as Rolex, Patek Philippe, Audemars Piguet, Breitling, consumers are increasingly paying more attention to residual value, rather than just the brand or product itself.
Why would I want to sell my Luxury Watch?
Luxury Watches are more than just a timepiece. A top class watch makes a statement and tells a story about who you are, what your values are, and where you are going in life. But sometimes, your Watch may have reached the end of it’s useful life and has gotten old, and you simply want something new. Maybe you just need fast cash and don’t know what options are available to you in the UAE.
What if I don’t want to lose my Luxury Watch for good, but I’m short of cash?
Maybe you need short term funds in an emergency, but you love your Watch and don’t want to part with it. In this case “pawning” it may be the correct option.
When you pawn a Luxury Watch, you sell it to a store and are given the opportunity to buy it back off them within a certain time frame, in order to get your Watch back.
There are some advantages to this:
- No credit check
- No co-signer required.
- All you need is collateral (the Watch) to guarantee the loan.
- It won’t affect your credit score if you can’t make the repayment. If you can’t buy back, the pawnbroker will appropriate it and sell it on.
However, this industry has a bad reputation in some areas, so there are disadvantages to be aware of:
- Many times, the lender can offer a very low price, and you have no alternative.
- Interest rates can be exorbitant. This is the case with unscrupulous lenders who buy Luxury Watches and charge high interest, often breaking law.
- Your Luxury Watch can get damaged if not correctly stored or taken care of
- And, worst of all, it can also be tampered with.
Is there a safe way to sell my Luxury Watch and get it back later?
Here at NorthLadder – we listened to our customers’ concerns on the disadvantages of pawning or selling a watch in the UAE, and created the first and only Buy Back option for Luxury Watches that is 100% safe!
It’s as easy as 1, 2, 3!
Enter your Fine Luxury Watch details (Brand, Series, and condition description) and select when you want to Buy it Back.
We reach out to our network of local and international dealers to get your the Highest price to Sell your Watch now and have the option to Buy it Back within 30 to 60 days for a nominal service fee.
Bring your Watch to one of our verified and authorised specialist dealers. They will complete an expert inspection, safely pack your watch in our specially secure and tamper-proof package and store this safely in their vault. We then wire cash to your account on the same day.
Get the best price for your Luxury Watch
When you request a quote we instantly contact our broad network of Quality Luxury Watch Dealers across the UAE, and within a few hours, they will return to us with the most competitive price in the market for your Watch. We shop around so you don’t have to!
100% Safe and Authenticated
Our partner stores go through a rigorous selection process, and we only work with certified expert watch dealers. A master craftsman will inspect and certify your Watch before you sell.
After selling, your Watch is completely protected against damage and tampering through a special sealed package. The Dealer will hold it in a secured storage facility until your BuyBack date. Nobody will have access to it until you return to Buyback, and that’s guaranteed!
This is NOT a Loan
You are selling your asset to an Authorised and reputed dealer who is licenced to buy and sell pre-owned luxury assets. We provide you with an Option to return and BuyBack your asset at a pre-agreed price. Because you have an Option, but NOT an Obligation, you have complete flexibility to either extend your BuyBack date or simply do nothing – after all, you already sold your watch at the highest dealer price and got your cash up-front
No Paperwork, No stress, No pressure to pay back
Simply Sell your Luxury Watch with us, and Buy it Back later.
With 8000+ deals done and a 87% customer return rate, join thousands of happy customers who have discovered just how easy it is to get quick cash through NorthLadder!