Apple Watch hits UAE grey market with mark-ups of over 200%

Online retailer sells Cupertino wearable at over three times US cost

Tags: Apple IncorporatedJadoPado (www.jadopado.com)United Arab EmiratesWearable device
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Apple Watch hits UAE grey market with mark-ups of over 200% Hey buddy, wanna buy a Watch? It’ll cost ya. (JOSH EDELSON/Getty Images)
By  Stephen McBride Published  April 28, 2015

The Apple Watch has entered the UAE grey market, with asking prices hitting over 250% above US Apple Store listings.

GALLERY: Things you should know about Apple Watch before buying

GALLERY: Apple Watch specs and features

The US Apple Store shows 38 different models for the Watch, in three different categories: the low-end Sport costs from $349 to $399; the mid-range Watch sells for between $549 and $1,099; and the luxury Edition variant costs between $10,000 and $17,000. 

GALLERY: Things you should know about Apple Watch before buying

GALLERY: Apple Watch specs and features

At the time of writing UAE online retailer JadoPado displays an Apple Watch 38mm Stainless Steel Case with Black Classic Buckle model for AED7,499.00 ($2,040). The same model in the US sells for $649, meaning JadoPado is charging a mark-up of 214%.

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