So you’re in the dazzling city of Dubai and wondering what precious item you can purchase as a gift for your loved ones back home. Dubai has the perfect present for you, as the city of gold boasts an exquisite variety of stunning gold and jewelry, which are sure to leave you amazed.
Here are all the reasons as to why you should visit the gold stores in Dubai for all your ornament shopping needs.
1. Options to Buy From
The sheer number of options you are offered while shopping for gold in Dubai will leave you fascinated. Experience the charm of purchasing jewelry from traditional Arabian street markets known as souks, an integral part of Dubai’s rich cultural heritage.
Buying gold in Dubai Airport is also something you can explore if you are a last minute shopper, since the Dubai Airport duty-free gold shops are known for their great collections of branded jewelry.
2. Freedom to Bargain
What’s better than going street shopping for gold? Being able to bargain for gold! The Gold Souk in Dubai allows you to haggle the prices of the jewelry sold. Unlike most branded and retail stores in malls, you are, in fact, encouraged to bargain to lower the prices initially put forth.
Customers typically argue for half the price until a mutual agreement is met. If you thought you could never negotiate for gold, think again and make your way to this marketplace for the best prices and deals on the precious metal.
3. Quality Regulation: Pure Gold in Dubai
Although shops may allow a compromise on the price of the gold, Dubai doesn’t compromise on its quality. The city’s gold is considered very trustworthy due to the fact that all of it is consistently regulated by the government to maintain its standard.
Along with inspections, Dubai jewelry shops are expected to provide a gold purity hallmark for all of their items, which detail the weight of actual gold, stones and labor cost of the ornament. This authenticates the purchase and ensures full disclosure of the purity of that piece to the customer. The gold purity hallmark certification includes various components, including:
- Jeweler’s Mark
- Fineness Mark
- BISMark
- Assaying and Hallmarking Mark
- The Year of Marking
Gulf News visited the Dubai Central Laboratory (DCL), run by the Dubai Municipality, to learn how the city assesses its gold. With high-quality equipment, every milligram of gold is brought under scrutiny for purity, which helps in keeping Dubai gold pure.
4. Lower Taxes on Gold in Dubai
The gold in Dubai is significantly cheaper than the same in other countries. Many tourists flock to the city to claim their better-priced jewelry.
This is mostly due to the fact that the gold items sold here are levied with only 5% VAT (Value Added Tax). This is one of the lowest VAT rates for gold in the world! To add on, tourists even get to claim VAT refunds for their purchases in the UAE before departure from the country.
However, it is always advised to read your home country’s import and customs duty policy and guidelines before your gold splurge in Dubai, so as to avoid any hassles upon your arrival back.
5. The Variety in Designs
Prepare to be mesmerized by the incredible variety of jewelry and ornament designs you can find in this city. Dubai’s gold shops are renowned for their great array of magnificent gold pieces.
Mainly due to the low import duty and taxes, the city brings in precious goods from multiple parts of the world, including India, Malaysia, Bahrain and Turkey. This gives it that edge of a diverse and stylistic collection from various locations and cultures.
With numerous branded and local jewelers, you’re bound to find something for everyone’s taste. For those who prefer, certain retailers even offer custom jewelry designs, to give you that touch of personalization.
6. Gold Jewelry Price in Dubai Follows International Market Rate
Dubai ensures consistency across its gold jewelry stores by conforming to international gold price rates. The advantage of this is that tourists can easily check the current price rates, and even take advantage of falls in it.
Those looking to buy gold may monitor the price rates and benefit from lower gold prices as and when the international market rates also decrease. Local Dubai jewelry store owners always suggest checking the ongoing rates before going gold shopping.
Conclusion
The Emirate is definitely the jackpot for everything gold, bullion and jewelry, it is one of the perks of travelling to Dubai. From casual designs to decked out pieces, the city has something beautiful for everyone to adorn themselves, or their loved ones, with.
For many people, during their short stay in Dubai, gold is a life investment, and the city of gold is the perfect place for it! To explore more about the various aspects of Dubai, visit HolidayKeepers UAE, or contact us for more information.
FAQs
Q: Can I trust the gold in Dubai?
A: Yes, it is safe to trust the gold sold in Dubai. The city only allows the sale of strictly regulated gold, and the government imposes multiple quality control measures, including a mandate for a gold purity hallmark.
Q: Is there a limit on the amount of gold I can purchase?
A: There aren’t any defined limits on the amount of gold you are allowed to buy in Dubai. However, it’s always better to check the import rules and regulations as well as the customs requirements of your home country before making the purchase.
Q: Are there pure gold jewelers in Dubai?
A: Yes, due to constant inspections by the government, you can find good quality, pure gold in Dubai at multiple jewelry shops. Gold usually comes with a purity hallmark which gives information about the weight of gold, etc.
Q: Is there a Dubai gold mall?
A: The Gold and Diamond Park in Dubai houses over 90 retailers and popular jewelry brands, which offer even custom pieces upon request, for all your ornament needs.
Q: Can you buy gold online in Dubai?
A: Yes, many renowned gold and jewelry retailers are now online and offer the option to purchase the items remotely.
