Dubai Gold Souk

Reviews

4.2

Overview

The largest Gold market in the world happens to be in Dubai. The most surprising element of the market is that it is the only market in the whole wide world that has no security outside the shops. The beautiful walkways with glittering shops on either side are surely a breath-taking view. It’s a must-visit even if you are not buying anything from here. The largest gold necklace ever made is displayed right here in the Gold Souk. It is located in an area called Deira which comes under the old part of Dubai.

 

 

About Dubai Gold Souk

The variety of the gold in the market starts from the mixed 18 carats gold, going up to 21, 22 and then to the pure 24-carat gold. After you select the pieces of jewellery, the retailer weighs the piece and lets you know the price. The making charges are added as well with the product. Outside every shop, you will be able to see the market price of gold displayed outside the shops in Dirhams and it is constantly updated each time it changes. You can come here sitting in the frequently running abras (water taxis) in the creek. 

In this Gold Souk, You will find a vast variety of intricate gold jewellery sometimes studded with precious stones like rubies, emeralds, and diamonds. Other than gold, you can also buy genuine and carefully inspected diamonds, pearls, and other precious metals from a few shops. The visitors do not have to worry about the quality and authenticity of gold here because of the regulation of prices by the Dubai government. But the price isn’t. Believe it or not, you have a scope to bargain for this precious metal as the shops sometimes set a high price for their products mostly for the reason that there is a high tourist turnover at the market. This Gold Souk is so fascinating that it makes it to the must-visit places in Dubai.

 

 

Tips To Visit Dubai Gold Souk

1. Knowledge of market price. Gold is like stocks; their price fluctuates daily. So you need to know how much it goes for in the open market. By knowing the market Rate you can bargain with the vendors easily.

2. Knowledge of types of Gold For buying Gold you should do your research. Gold is sold by its Karat and weight. The higher the number of Karat, the purer that gold is. 24 Karat gold is 100% pure gold. Pure gold is quite soft, but to make different ornaments harder different metals such as silver, zinc, copper and nickel is mixed in it.

3. Choose your jewellery. Once you decide what type of accessory you want, whether it’s a ring, bracelet, necklace, earring, gold chain, etc., ask about its Karat and weight. The attendants will weigh the pieces you choose.

4. Learn to Bargain. Bargaining or Haggling is an art and you will learn it after you go through different shops. Sellers also expect you to bargain so they also try to overprice everything. Try bargaining 25% off the quoted price, you might get lucky. In the same fashion, try to barter according to the price you can afford. But be prepared to walk away if you don’t agree to a compromise. Some sellers will ask you how much you can afford just to sell a piece. The bargaining is based on the RATE and the MAKE.

RATE – Before going to the Dubai souk always update yourself from the gold prices online from their official website or from the prices which are posted outside. These are real-time updates according to how much the price of the gold. It can be assured that shops are always in tune with the rate of gold. As they are regularly monitored and checked by Dubai Police. If a customer complains that they have been tricked, their shops will be at stake.

MAKE – this is the price of the labour of the jewellery that you are buying. The more intricate the design is, the pricier the MAKE charge is. The more pieces you buy, the more you can barter for. But know as well that the more intricate the design of the piece you choose, the harder it is to haggle for the lowest price you want.

5. Go around different shops. Before settling for a piece, shop around. Most of the stores have the same pieces, they only differ in the price based on your bartering skills. You have hundreds of retailers to choose from. The shops in nooks and corners, the ones not easily accessible have better price rates because not much foot traffic passes through these areas. So it’s good to go to narrower alleys in the souk to find better deals. Be sure to stick around the shops where the quality of gold being sold is closely checked by the government. It doesn’t hurt as well to ask about the quality of the gold from the shopkeepers.

6. Don’t be too stingy. Sometimes it pays if you don’t go into an argument to get the lowest rate you can get. If you’ve already chosen an accessory but could not haggle for the lowest price, then either step out of the shop or just agree. Besides, if it’s within your budget, that shouldn’t be much of a problem, right? Sometimes, the seller will slash off another dollar or so to show their appreciation that you are willing to purchase. We’ve tried that when we didn’t put up too much of a haggle when we bought some rings.

 

 

Nearby Restaurants of Dubai Gold Souk

  • Al Bait Al Qadeem Emirati Heritage Restaurant
  • Virpur Restaurant LLC
  • Kojranwala Restaurant
  • Jawhrat Al Madeena
  • Al Muzeef Cafeteria
  • Golden City Restaurant

 

Best Places to Visit Near Gold Souk

  • Dubai Spice Souk Market
  • Al Fahidi Historical District
  • Women’s museum Bait Al Banat
  • Deira Perfume Souk
  • Al Ahmadiya School
  • Heritage House

 

 

Timings

  • Sunday : 09:30 am to 09:30 pm
  • Monday : 09:30 am to 09:30 pm
  • Tuesday : 09:30 am to 09:30 pm
  • Wednesday : 09:30 am to 09:29 pm
  • Thursday : 09:30 am to 09:30 pm
  • Friday : 04:00 pm to 09:30 pm
  • Saturday : 09:30 am to 09:30 pm

Timings are subject to change. You will be automatically booked into a time slot as part of the check out process. Please visit the official website to confirm the time slot before your visit.

 

How to Reach

  • By Taxi : The distance between Dubai International Airport and Dubai Gold Souk is 8.6 Km which can be covered in approximately 20 minutes. You can easily get a metered taxi from Dubai International Airport. It will drop you at the creekside where Abras (water taxis) frequently cross the creek. Sit in the Abra and reach the other side in just 1 Dirham. After getting down on the other side, walk towards the Dubai Fish Market and Deira Corniche both of which are adjacent to the Gold Souk.

 

Ticket Pricing

  • For Everyone : Prices as per ongoing gold rates.

Address

Gold Souk - Dubai - United Arab Emirates

Rating & Reviews

4.2/5
Excellent
Based on 1856 reviews
Excellent
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Rowan Fernando
Rowan Fernando
08/13/2020 00:17
“The property has been equipped with everything u need. Robert was very helpful, he was very supportive & provided us with all our needs. The quality of our wonderful stay deserves the price! ”“Amazing place, nice facilities and good services Staff were good and very dedicated”
Muhammad Farhan Javed
Muhammad Farhan Javed
08/22/2020 09:10
Good and nice And very beautiful market, with verity of gold design, and you can buy high quality gold diamonds and silver with different and unique designs. But they charge to much making changes.
Rohan Raj
Rohan Raj
07/07/2020 23:50
The gold souk is a really interesting and cool place to visit. If you want to experience Arabian culture and food, this is the perfect place. Also, it is a great place to get some souvenirs and gifts.
N H
N H
08/11/2020 10:45
I dont like it Because all sellers will come to you and disturb you to make you buy Gold is beautiful but when you see all the ugly designs they have🤦🏽‍♀️ excuse me!?? How could you design a bikini in gold? I dont like it because it doesn't reflect the Arab traditions! They also have many different designs, necklaces bracelets.... even more all that is bought by Indians in the most of the time and tourists Check the photos.
JESIL MAJI K
JESIL MAJI K
05/29/2020 11:05
💖🇦🇪I've been Dubai spent 3 months out of there, It's such an amazing place ... Secure place in the world!! Been Diera for old Dubai experience. Went to the gold market wow.... It's amazing.. different kind of gold dress & gold ornaments. It is also safe like literally not even a security guard on the doors of the shops...💛🌟🌟⚜️🔐🇦🇪🇦🇪🇮🇳

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FAQs

Dubai has always been favoured for its exemption from taxes. As taxes are not included in the emirate prices for gold in Dubai, It has always been cheaper as buyers would only pay for the value of the gold jewellery.
Some of the popular jewellery shops in Deira Gold Souk are Malabar Gold and Diamonds, Bafleh Jewellery and Joyalukkas, along with many other smaller stores. From elegant rings, delicate bracelets, grand necklaces and pretty earrings, you will surely find something at Deira Gold Souk for every taste and budget.
Gold Souk, as the name suggests, is all about gold. It's an approx 300 meters long “L” shaped alley covered with wooden canopy. Nearest Metro station is Al Ras located about 500 Meters from the souk.
If you are going to purchase gold in Dubai then you want to pay any tax, whereas if buy gold from India then you will have to pay tax. In reality, Gold in Dubai is much cheaper than in India.
Dubai encounters the peak tourist season from November to March when the weather is pleasant. The tourists mostly have Gold souk on top of their itineraries, so during these months the Gold Souk witnesses a lot of crowd for the whole day. The prices of gold are rarely affected by the number of customers at the souk but you can try to barter for some extra discount during the off-season months.
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