From time immemorial, gold has been considered a vivid indicator of a person's high social status, luxury and wealth. Therefore, it is not surprising that many modern businessmen and people with a decent bank account prefer to buy this noble metal in prestigious and at the same time reliable places. One of such world centers for trading in jewels is the gold market in Dubai. We will talk about him in detail in this article.
general information
Dubai today is not only one of the world's tourist centers, but also a huge shopping center that attracts buyers with its wide selection of various goods from all over the world. If we consider the gold market in Dubai, the photo of which is given below, then its size and range of products are simply amazing. More than three hundred outlets with gold are located in a relatively small territory, and the goods themselves are made by the best jewelers in the world. There is information that within the market is located within 10 tons of gold. No other market on earth can boast such an indicator.
Range
The gold market in Dubai can offer all its visitors not only directly gold products, but also a variety of silver jewelry and jewelry that is inlaid with rubies, pearls, diamonds and other expensive stones. Moreover, all market products are not only handmade wonders of Arab jewelers, but also products from leading world brands: Cartier, Chopard, Van Cleef & Arpels, etc.
Profitable or not?
This is the question regarding the rationality of purchasing gold in the UAE, very often can be heard from the lips of many tourists. The answer will be brief and unambiguous: "Yes, the purchase of gold jewelry in the Emirates is a bargain." The thing is that this country as a whole and Dubai in particular is the place where the turnover of gold products is simply colossal. Largely because of this, the prices of these products are among the lowest in the world. Very often, the value of the finished gold thing is absolutely comparable with the purchase price on the commodity exchange. In addition, the relative cheapness of gold products is also explained by the fact that the country has the lowest possible tax liabilities and very high competition in this environment. Also in the UAE, a large number of wealthy people constantly live and periodically come for shopping and leisure, the contents of the wallets of which sellers stubbornly struggle to reduce the cost of their goods.
Atmosphere and location
So where is the gold market in Dubai? This place, which is called Gold Souk, is located in a district of the city called Deira. On this square, dotted with shops and shops, any, even the most demanding customer, will be able to find for himself from gold what he will definitely like. The market itself has three entrances and is a giant letter T. Trade on it is carried out not only by Arabs, but also Indians, Pakistanis, and representatives of other nationalities. In general, the atmosphere inherent in the times of the fabulous robber Ali Baba will not leave anyone indifferent.
Availability
As practice shows, a very large percentage of people come to the gold market in Dubai just on an excursion, but many of them as a result are still unable to resist the temptation to buy some trinket from this precious metal. It’s worth saying that even if the price of the original products is too much in the buyer's budget, he can wander around the market and, if he wants to, find a very decent copy of his favorite branded jewelry .
Security
The Dubai Gold Market, whose reviews are numerous and overwhelmingly positive, is the place where you will never fall for a fake. And all because the laws of the UAE are already very strict, so that daredevils are found to violate them. And besides, none of the sellers would want to risk their reputation, because the number of competitors for each of them is huge. When purchasing a gold jewelry, you only need to carefully look at what sample is indicated on it. And be sure that it fully complies with all existing international standards. There are simply no fakes here.
Transport
Many people are interested in the gold market in Dubai. How to get to it? There are several options, among which are:
- Taxi. It can be either ordered by phone or rented directly on the street. This will be the easiest way for a tourist, but it is important to take into account that the market is located in such a way that if you go to it from other areas of the emirate, you will need to cross the Kriki Bay, and this significantly affects the cost of the trip.
- Metro. Using this form of public transport, you need to get to the station called Al Ras. The path will run along the green branch. And after that it will take a little walk.
- Arba. This method is the most popular in a tourist environment, since this Arab boat will have to cross the bay. However, for this you need to come to the Dubai Creek pier using the metro (you will need to get off at Al Ghubaiba Station).
To bargain? Yes!
The gold market in Dubai is a place where you can and even need to bargain with the seller. Moreover, this process should be carried out emotionally, not for a second giving in to the seller in his attempts not to reduce the price. Years of experience show that the strong desire and integrity of the buyer always leads to the fact that the merchant reduces the cost of his goods, sometimes even several times. At the same time, remember that if you still could not bring the price down to the level you require, then this does not matter. You can just turn around and go further in the market. And be sure that sooner or later you will still find the exact same or very similar product and will be able to purchase it at the price you need. Only for this you will have to walk and sweat a lot, bidding with jewelry sellers. But at the same time, do not be surprised that some merchants will for a long time and categorically refuse any price reduction, which is understandable, because gold is still a commodity that is sold daily in strict accordance with the international exchange rate.