UAE is famous for its Gold Markets. It is believed that gold in UAE, particularly Dubai is a lot cheaper and of good quality than anywhere else in the world. Dubai is known for really cheap gold — but you’ll have to haggle for it. It is the fastest growing gold center, and the reason for its hustling bustling Gold markets is the free trade environment, which offers lowest gold rates to customers throughout the world. Dubai is often called city of gold, it is said that Dubai imports almost 350tonnes of gold for retail and wholesale in the Gold markets. Some of the main markets worth visiting, if you are looking for Gold purchases in UAE are as follows:
Souk is generally an Arabic word for ‘market place’. Dubai has souks for almost anything. Whether or not you’re ready to buy, a stroll through the dazzling Gold Souk is a must. The soul consists of almost 300 retailers that trade almost exclusively in jewellery. The stores also offer platinum, diamonds and occasionally silver, and the government keeps tight control over the quality of all the merchandise, so rest assured that your purchases will be genuine However, Gold souks or Gold markets in UAE are always heavily crowded and pick pocketing can occasionally be a problem, so be careful in crowds.
Gold and Diamond Park
Gold and Diamond Park is another Gold market emerging in Dubai. It is, however, less atmospheric, but even cheaper. Gold and Diamond Park is where one can find unique designs or get jewelers to recreate pieces for you at fraction of the cost of the original.
Dubai Shopping Festival
On its 18th DSF Dubai saw huge gold purchases. It is one of those festivals that offer wide variety of shopping. Similarly, Gold in the festival sells like a hot cake, as witnessed. On this particular occasion, there is a huge influx of customers from around the world, which makes it a happening event. Dubai, being the city of gold, has the largest number of retailers, who at these events offer free give-away which attract people from around the globe.
Abu Dhabi Gold souk
The Abu Dhabi gold Souk is worth its weight in gold. With approximately a hundred shops it’s worth a visit, whether you are a tourist checking out the cultural highlights or someone who is interested in buying.
The Gold Souk is in the MadinaZayed area. To get there simply flag down a cab and ask him to take to you the MadinaZayed Gold centre.
The Gold Centre, Sharjah
The gold centre in Sharjah is also one of the widely known Gold markets. One of the best things about shopping gold in UAE is that one can be sure of the gold authenticity. Since, the government itself takes strict measures to manage and control any wrongdoings. This is the reason why almost 90% of tourist, do not leave UAE without buying gold.