In a landmark moment for the region’s gold and jewellery industry, Ithra Dubai has officially launched Dubai Gold District, a purpose-built destination designed to elevate Dubai’s position as the world’s leading destination for gold and jewellery trade.
Developed as a unified destination, the District brings together the full gold and jewellery value chain in one location, spanning retail, bullion, wholesale trade, and investment. By consolidating these activities, Dubai Gold District strengthens Dubai’s position as one of the world’s most coveted global destinations for gold.
The District was unveiled in the presence of Mohammed Ibrahim Al-Shaibani, Managing Director, Investment Corporation of Dubai; and HE Mohammad Ali Rashed Lootah, President and CEO, Dubai Chambers; and Dr Juma Al Matrooshi, Assistant to the Secretary General of the Dubai Free Zones Council, and Issam Galadari, CEO, Ithra Dubai, joined by long term traders from across the District.
Gold trading nation
The launch also reflects the UAE’s continued role as a leading global trading nation for gold and precious metals. In 2024–25, the country exported approximately US$ 53.41bn worth of gold, with major trading partners including Switzerland, the United Kingdom, India, Hong Kong and Turkiye, positioning the country as the world’s second-largest physical gold trading destination.
HE Mohammad Ali Rashed Lootah noted that the initiative firmly strengthens Dubai’s position as a global gateway for gold and jewellery trade and as an integral part of the global trading ecosystem.
Diverse ecosystem
“By uniting heritage, scale, and opportunity, the District brings together a significant and diverse ecosystem of traders, investors, retailers, and global brands, serving shoppers and visitors across international markets and key global trade corridors,” noted Galadari.
The District comprises more than 1,000 retailers across gold, jewellery, perfumery, cosmetics, and lifestyle categories. The retailer mix includes established jewellery flagships such as Jawhara Jewellery, Malabar Gold and Diamonds, Al Romaizan, and Tanishq Jewellery, with Joyalukkas announcing plans for a 24,000sqft. square foot flagship, set to be its largest in the Middle East.
