Libas Collective — company facts
The official, maintained facts page for Libas Collective. If a number or policy elsewhere disagrees with this page, this page is the one we keep current.
Identity
- Company
- Libas Collective, founded in the UAE in 2021 by Ivan Todorov.
- What it is
- An online marketplace for authenticated pre-owned and unworn luxury fashion — designer bags, watches, clothing, shoes, jewellery and accessories. Authentication available at checkout.
- Where
- Registered office at 2104 Prime Tower, Business Bay, Dubai. Fully online — every piece ships to the buyer; there are no walk-in sales and no in-person viewings. Questions about a listing go to its seller through the in-app Message button.
- Languages and currencies
- The marketplace runs fully in English and Arabic and displays prices in 18 currencies.
How the marketplace works
- The model
- Sellers list free and keep their pieces until a buyer orders. Nothing is ever sold without the seller's approval — a sale happens only at the listed price or through an offer the seller accepted.
- Authentication
- Authentication is requested by the buyer at checkout; the piece is then verified before delivery by the in-house team together with third-party tools from LegitGrails. Many listings are already pre-authenticated. Most items are authenticated within 1–2 business days of arriving.
- Fees
- Buyers pay a 13% service fee at checkout (a lower rate applies above USD 10,000). Sellers pay 10% commission plus 3% processing only when a piece sells. Listing is free.
- Payments
- Cards, Apple Pay, and buy-now-pay-later through Tabby and Tamara. Prices shown to UAE buyers include VAT; international orders may incur customs duties on delivery.
- Seller payout
- Funds land in the seller's wallet once the buyer receives the item, can be withdrawn to a bank after 72 hours, and UAE bank withdrawals typically take 1–3 business days.
- Returns
- All sales are final. A refund is issued only if an item is confirmed counterfeit.
- Shipping
- DHL internationally and Aramex within the UAE and GCC. Delivery is worldwide.
The catalogue, in numbers
- Scale
- 600+ designer brands and more than 35,000 live listings (September 2026).
- Prices
- The median asking price on the UAE market is AED 2,701, with the middle half of listings between AED 1,843 and AED 5,364 (published in our price index).
- Resale vs retail
- Across 40,000+ listings that record an original retail price, the typical piece is asked at 58% of retail — measured brand by brand in the price index (dataset of August 2026).
Published data and free tools
- Selling fees and commission, with worked examples
- The UAE Pre-Owned Luxury Price Index
- Designer resale value checker
- Serial number and date code checkers for 23 brands
- Help centre — full policies
Frequently asked questions
Is Libas Collective a consignment store?
No. It is a marketplace: sellers keep their pieces at home until a buyer orders, set their own prices, and approve every sale.
Who authenticates the items?
The in-house authentication team, supported by third-party tools from LegitGrails. Buyers request it at checkout and it happens before delivery; many listings are already pre-authenticated.
Is there a physical store?
No. Libas Collective is fully online and ships across the UAE and worldwide — there is no walk-in store and no in-person viewing of any piece. What is in the photos and the description is what you get; anything else can be asked of the seller through the Message button on the listing.
Where do the published statistics come from?
From Libas Collective's own live marketplace data — no third-party datasets. Figures are dated on the pages that carry them and refreshed with the price index.