Dubai has launched the Dubai Gold District, a purpose-built destination designed to strengthen the emirate’s position as one of the world’s most trusted centres for gold and jewellery trade. Moreover, the development brings together the full gold and jewellery value chain in a single location, spanning retail, bullion, wholesale trade, and investment. As a result, the initiative marks a new phase in Dubai’s evolution as a global hub for commerce and trade.
Developed by Ithra Dubai, the District consolidates the entire gold and jewellery ecosystem under one destination. Consequently, it reinforces Dubai’s standing as a leading global centre for gold trading. The launch represents a landmark moment for the regional industry and positions the emirate at the forefront of the international gold market.
Trade Significance and Economic Context
The District was unveiled in the presence of senior government and industry representatives, alongside long-established traders operating in the area. Moreover, the launch aligns with the Dubai Economic Agenda, D33, therefore reinforcing the emirate’s long-term strategy to shape the future of global trade.
The initiative also reflects the UAE’s broader role as a major global trading nation for gold and precious metals. In 2024–25, the country exported approximately $53.41 billion worth of gold. As a result, major trading relationships with Switzerland, the United Kingdom, India, Hong Kong, and Turkiye positioned the UAE as the world’s second-largest physical gold trading destination.
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, stated that the announcement of the Dubai Gold District marks a pivotal milestone for global trade and commerce, offering investors and market participants unparalleled access to one of the world’s most active and trusted gold trading hubs. He noted that the initiative firmly strengthens Dubai’s role as a global gateway for gold and jewellery trade and as an integral part of the international trading ecosystem.
Issam Galadari, CEO of Ithra Dubai, said: “With the launch of Dubai Gold District, we are advancing a significant new chapter in the city’s gold and jewellery landscape. By uniting heritage, scale, and opportunity, the District brings together a significant and diverse ecosystem of traders, investors, retailers, and global brands, serving shoppers and visitors across international markets and key global trade corridors.”
Retail, Tourism, and Global Reach
Positioned as Dubai’s new “Home of Gold”, the District unites a wide range of established global and regional brands. Moreover, it offers scale and diversity across more than 1,000 retailers covering gold, jewellery, perfumery, cosmetics, and lifestyle segments. Consequently, the destination caters to buyers, traders, and investors seeking variety, quality, and value.
In 2025, the District welcomed shoppers from more than 147 nationalities. Therefore, it reflects Dubai’s position as a truly global marketplace for gold and jewellery. A landmark feature under development is the world’s first Gold Street, designed as a distinctive visitor attraction, with further details to be announced in phases.
Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment, part of the Dubai Department of Economy and Tourism, said the launch represents a defining moment in Dubai’s evolution as a global destination for commerce, culture, and tourism. He added that the development supports the objectives of the Dubai Economic Agenda, D33, while strengthening collaboration between the public and private sectors to attract visitors, drive investment, and enhance Dubai’s international standing.
The District also contributes to Dubai’s wider tourism offering through more than 1,000 hotel rooms across six properties. Additionally, improved transport links, including the introduction of Big Bus routes in 2025, have enhanced accessibility. As a result, the Dubai Gold District strengthens its role as a central destination for global gold and jewellery trade.
