Dubai is home to the largest jewellery market after Saudi Arabia. Since the rise in price of oil, gold has seen a steady decline in rates. Here is why you HAVE to shop in Dubai for your bling bling fix.

5 reasons to buy jewellery in Dubai

Wondering where the best gold deals are? Here are our top 5 reasons to shop for your next shiny purchase.

Variety of Shops

There are over 300 jewellery shops in Dubai. Designs and gems come from all corners of the world. Dubai is a hub for traders in gems. These gem traders come from Africa, India, Sri Lanka and many more countries. Dubai offers unbelievable variety. This means you need to offer time to shop and find the gem of choice.

Bargains

Dubai retailers have been challenged by recent retail taxation guidelines. As a result a lot of retailers will absorb the 5% VAT. In addition, Dubai retailers have announced big discounts especially during Dubai Summer Surprises. Compare that to taxation on gold in other countries. Dubai is highly competitive when it comes to gold prices. Finally oil prices are going up which also has an effect on bringing gold prices down.

Ease of Shopping

There are two main locations where the entire gold market is located – Deira Gold Souk and Gold and Diamond Park. Both locations combined cover 99% of gold shops in the city. So there is no need to spend too much time on driving. All you need is a day out in one of these locations.

Brand Choices

Whether it is Cartier or Gucci, you will find international brands from all over the world. In addition, you will find prominent local brands such as Damas and Liali Jewellery. Be prepared to be spoilt for choice.

Secure Environment

Dubai offers a highly secure environment when it comes to buying gold. For one, every transaction is documented by local CID police which means chances of buying stolen gold are almost zero. Second, the Dubai Police is well respected all over the world for it’s proactive measures. Street crime is practically non-existent. This means you will be secure during your gold shopping.