Dubai is a melting pot of adventures, culture, food, and entertainment. The destination offers impeccable experiences second to none. One thing that sounds out of the ordinary is the shopping experience in Dubai. Wondering what precious item you can purchase as a gift for your loved ones back home? Dubai just has the perfect present for you. The city of gold boasts an exquisite variety of stunning gold artifacts and jewelry, which are sure to leave you amazed.
In this blog, I have listed a few reasons why you should consider buying gold in Dubai. Let’s begin!
1. Plenty of Options to Choose 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, also known as “Souks,” an integral part of Dubai’s rich cultural heritage.
These souks offer an immersive experience with elegant designs, exceptional quality, and attractive discounts, making it one of the most desirable places to purchase gold from when in Dubai. Along with the souks, there are plenty of local and international outlets to check out before finalizing.
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 also known for their extensive collections of branded jewelry.
2. Top-of-the-Line Designs
Get ready 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 vivid selection of magnificent gold pieces.
Prominently 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 the edge of a diverse and stylistic collection from various locations and cultures.
With numerous international and local artisans, you’re bound to find something for everyone’s taste. For those who prefer something unique, certain retailers even offer custom jewelry designs to give you that touch of personalization.
3. Freedom to Bargain
What’s better than going street shopping for discounts on 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. Do your research and make them an offer they can’t refuse.
4. Quality Regulation
Although shops may allow a compromise on the price of the gold, they certainly do not 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 quality inspections, Dubai jewelry shops are expected to provide a gold purity hallmark for all of their items, which details 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
- BIS Mark
- 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.
5. Standard Pricing
Dubai follows the International Market Rate for gold jewelry to ensure consistency across its gold jewelry stores by conforming to the latest gold pricing. The advantage of this is that tourists can easily check the current price rates.
Those looking to buy gold may monitor the price rates and take advantage when the rates get lower. Local Dubai jewelry store owners always suggest checking the ongoing rates before going gold shopping.
6. Lower Taxes for Tourists
Gold in Dubai is significantly cheaper than in other parts of the world. Many tourists flock to the city to claim their well-priced jewelry. This is mostly due to the fact that the gold items sold here are levied with only 5% VAT (Value Added Tax). It 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 go through 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.
Conclusion
Dubai is definitely the jack of all trades; when it comes to gold, bullion, and other jewelry, it is one of the perks of traveling to Dubai. From casual designs to decked-out pieces, the city has something beautiful for everyone to adorn themselves and their loved ones. For many people, gold is a life investment, and the city of gold is the perfect place for it!
While vacationing in Dubai for your shopping getaway, explore HolidayKeepers. We offer exceptional stays with our luxurious vacation rentals, equipped with impeccable amenities to provide you all the comfort and privacy you deserve.
Contact us for further assistance. Happy shopping!
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 a decision.
Q: Is there a mall in Dubai where I can purchase gold?
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.
