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Dubai Gold Souk or Gold Souk (Arabic: سوق الذهب), is a traditional market (or souk) in Dubai, UAE. The souk is located in Dubai's commercial business district in Deira, in the locality of Al Ras. The souk consists of over 380 retailers, [1] most of whom are jewelry traders. Dubai Gold Souk entrance
The Gold Souk in Dubai is one of the most famous and traditional markets in the world, renowned for its vast selection of gold, jewellery, and precious stones. Located in the heart of Dubai's commercial district of Deira , this market is a must-visit for tourists and a favourite shopping destination for locals and visitors alike.
Trade in gold grew during the 1940s due to Dubai's free trade policies that encouraged entrepreneurs from India and Iran to set up stores in the Dubai Gold Souk. Despite a general slump in the global gold market, Dubai's share of value of trade in gold and diamonds to its total non-oil direct trade increased from 18% in 2003, to 24% in 2004.
Al Dhagaya (Arabic: الضغاية) is a locality in Dubai, United Arab Emirates (UAE). Located in eastern Dubai in Deira, Al Dhagaya forms part of Dubai's northeastern coast along the Persian Gulf. Al Dhagaya is located near the Deira Corniche and is bounded by Al Baraha, Al Ras, Al Sabkha and Ayil Nasir.
Free zones in Dubai are managed and operated by the relevant authority. For instance, the Jebel Ali Free Zone Authority in Dubai is responsible for managing, operating and supervising the Jebel Ali Free Zone, one of the largest seaport free zones in Dubai. It has a subsidized rate of 32 percent on the country's Foreign Direct Investment (FDI).
Gold Souq metro station is located in the northern section of Deira in the historic centre of Dubai. It is named after nearby Dubai Gold Souk.Nearby attractions include the Dubai fish market, Hyatt Regency and Golf Park. [4]
11A Gold Souq Stn. - Al Awir 27 Gold Souq Stn. - The Dubai Mall 53 Gold Souq Stn. - Int'l City 64A Gold Souq Stn. - Ras Al Khor, Samari Res. 91A Gold Souq Stn. - Jebel Ali Stn 103 Union Stn. - Global Village C1 Airport Term. 3 - Al Satwa Stn C4 Gold Souq Stn. - Jaddaf C5 Gold Souq Stn. - Al Ghubaiba Stn C9 Al Satwa Stn. - C28 Gold Souq Stn ...
One of the key elements of the center is a privately held financial exchange that opened in September 2005 as Dubai International Financial Exchange (DIFX) but was rebranded as NASDAQ Dubai in 2008. The trading hours of NASDAQ Dubai are from 10:00 a.m. to 2:00 p.m. (6:00 a.m. to 10:00 a.m. GMT), from Sunday to Thursday. [10]