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Dubai to build world’s first gold street
Dubai will get the world's first 'Gold Street', a street constructed using gold, in the emirate's Gold District, according to media reports.
While further details will be revealed "in phases", the announcement came as Ithra Dubai officially launched the emirate's Gold District.
In 2024 to 2025, UAE exported approximately $53.41 billion worth of gold. Major trading partners included Switzerland, the United Kingdom, India, Hong Kong and Turkey. The country was the world’s second-largest physical gold trading destination.
Termed the emirate's new 'Home of Gold', the District will bring together everything gold- and jewellery-related under one destination.
This includes retail, bullion, wholesale trade, and investment. The Dubai Gold District houses over 1,000 retailers across different sectors — perfume, cosmetics, gold, lifestyle.
With flagships such as Jawhara Jewellery, Malabar Gold and Diamonds, Al Romaizan, and Tanishq Jewellery, already established, Joyalukkas announced plans for a 24,000 square foot flagship, set to be its largest in the Middle East, reports BSS.
Dubai Gold District "unites heritage, scale and opportunity, said Issam Galadari, CEO of Ithra Dubai.
Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment (DFRE), part of the Dubai Department of Economy and Tourism (DET), said: "Gold is deeply woven into the cultural and commercial fabric of Dubai, symbolising our heritage, prosperity, and enduring spirit of enterprise. Through this landmark destination, we not only celebrate that legacy but also reimagine it for a new era shaped by creativity and sustainability."