Apple Watch hits UAE grey market with mark-ups of over 200%
Online retailer sells Cupertino wearable at over three times US cost
The Apple Watch has entered the UAE grey market, with asking prices hitting over 250% above US Apple Store listings.
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.
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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