From time immemorial, gold has been considered a clear indicator of a person's high social status, luxury and we alth. 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 jewelry is the gold market in Dubai. We will talk about it 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 from all over the world with its wide selection of various goods. If we consider the gold market in Dubai, the photo of which is given below, then its size and product range are simply amazing. More than three hundred gold outlets are located in a relatively small area, 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 of such an indicator.
Assortment
The Dubai Gold Souk can offer all its visitors not only gold products directly,but also a variety of jewelry and jewelry made of silver, which are inlaid with rubies, pearls, diamonds and other expensive stones. At the same time, all products of the market are not only man-made miracles of Arab jewelers, but also products from leading world brands: Cartier, Chopard, Van Cleef & Arpels and others.
Profitable or not?
This is exactly the question regarding the rationality of buying gold in the UAE, one can often hear from the lips of many tourists. The answer will be short and unambiguous: “Yes, buying gold jewelry in the Emirates is a good deal.” The thing is that this country in general and Dubai in particular is the place where the turnover of gold items is simply enormous. Largely because of this, the prices for these goods are among the lowest in the world. Very often, the indicator of the cost of a finished gold item is absolutely comparable to 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, a large number of we althy people permanently reside in the UAE and periodically come for shopping and recreation, for the contents of whose wallets sellers are stubbornly fighting by reducing the cost of their goods.
Atmosphere and location
So, where is the gold market in Dubai? This place, which is called the Gold Souk, is located in the area of the city called Deira. On this square, dotted with benches and shops, anyone, even the most demandingthe buyer will be able to find something from gold that 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 by 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.
Accessibility
As practice shows, a very large percentage of people come to the gold market in Dubai just for a tour, but many of them end up unable to resist the temptation to buy some trinket made of this precious metal. At the same time, it should be said that even if the price of original products hits the buyer’s budget too much, he can wander around the market and, if desired, find a quite decent copy of his favorite branded jewelry.
Safety
With numerous and overwhelmingly positive reviews, the Dubai Gold Souk is one place where you will never fall for a fake. And all because the laws of the UAE are already very tough, so that there are daredevils to break them. And besides, none of the sellers will want to risk their reputation, because the number of competitors for each of them is huge. During the acquisition of 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.
Transportation
A lot of people are interested in the gold market in Dubai. How to get to it? There are several options, including:
- Taxi. It can be ordered by phone or rented directly on the street. This will be the easiest way for a tourist, but it is important to consider 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 Creek Bay, and this significantly affects the cost of the trip.
- Metro. Using this type of public transport, you need to get to the station called Al Ras. The path will run along the green line. And after that, you need to walk a little.
- Arba. This method is the most popular in the tourist environment, since this Arab boat will have to cross the bay. However, for this you need to arrive at the Dubai Creek pier using the metro for this (you will need to get off at Al Ghubaiba station).
Bargain? Yes
The Gold Souk 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 succumbing to the seller in his attempts not to reduce the price. Many years of experience show that the strong desire and integrity of the buyer always lead 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 failed to bring the price down to the level you require, then this one does not matter. You can justturn around and move on to the market. And be sure that sooner or later you will still find exactly the same or very similar product and 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 traders will long 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 rate.
