Gold Souk

gold-souk

With annual imports of over 500 tonnes and the gold business worth in excess of Dhs 25 billion per …

 

With imports of over 500 tonnes per year and an annual business worth in excess of Dhs 25 billion, it is little wonder that Dubai is known as the City of Gold.

There are over 800 jewellery shops in Dubai, and with no taxes, low import duties and high turnovers allowing for lower margins, Dubai is one of the cheapest city in the world to buy gold jewellery.

The Gold Souk is in Deira (the old part of town) and even if you麓re not looking to buy, it麓s worth a visit to see the glittering array of merchandise on offer (especially in the evening). If you are looking for something, don麓t feel pressured into buying from the first shop, as there麓s plenty of choice – and be prepared to barter.

EDITOR

27th June 2019

 

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