Buy gold investment dubai airport
It's no secret that many visitors to Dubai come for one thing - to buy gold. Often the 22 carat type as an investment, although buying gold jewelry comes a close second. And if you want to buy gold in Dubai there are a handful of places to do so. The number one location is known as the Deira Gold Souk, but you can surprisingly find gold in many forms to buy at the international airport duty free shop, and of course there are a number of big jewellery brands to be found in the malls as well as buying through a bank.
The reasons gold has become synonymous with Dubai is because it is cheaper in the Emirate than in many other places, plus Dubai's location on the global map is perfect in positioning it as a trading crossroads. Combined, these ensure there's plenty of choice and you have many gold vendors to choose from. Plenty of choice and a substantial number of gold dealers competing against each other for business means that prices are competitive, especially in the Gold Souk.
Remember though that even if your Dubai gold was cheap you will still have to declare it at customs in your home airport and will have to pay the appropriate taxes in your own country.
This particularly affects buyers from India who need to officially declare any gold jewellery valued higher than Rs10, on entry to India. Buyers from other countries should be aware of their home country regulations. If you're interested in buying Dubai gold in bars and not as jewelry then you can access Dubai gold prices online - prices fluctuate throughout the day and you can purchase gold online or in a number of outlets in the city.
If you are having a piece of gold jewelry made in Dubai you will have to pay the price of the gold plus wastage charges price of the gold wasted during the creation of the piece plus the cost of the craftsman's work and finally the tax once you re-enter your own country.
If you have gold at home you could bring it to one of the stores either in exchange for a new piece, or to be made into a new piece. Where to Buy Gold in Dubai There are a few key places to buy gold in Dubai, with a few standing out as prime places to go. The airports too offer the opportunity to stock up as you're leaving the Emirate.
It is here you will find a great selection of shops and goods along with some of the best prices in the area. While it does offer many shopping options such as buying spices and Arabian carpets, the main attraction here in the Deira souks is…..
Due to low gold prices and no sales tax, the Deira Gold Souk is one of the most popular gold exchanges in the world. It's a popular place to buy the world's favourite precious metal.
The displays in the shops are just teaming with first class gold craftsmanship, inset with amazing precious stones such as diamonds, rubies, sapphires, and emeralds; along with a wide array of necklaces, bracelets, bangles, chains, rings, earrings, and ornaments.
Here you'll find many vendors to choose from. Also, if you are looking for something special, you will be able to have items custom designed on the spot. Since you will be paying for the weight of the gold and not a dealers name or brand, you are sure to get a great deal. That is of course if your haggling skills are sharp.
If they are, the deals could be even better. With over shops to choose from, your haggling skills should be sharp by the time you make a purchase.
If you plan to bargain it is best to pay in cash and not credit card although both are accepted. Although it is a souk you don't have to worry about quality as the stores are overseen by government quality control officials.
The gold available to buy is not under 18 carats and ranges from 18, 21, 22, and 24 carats. However as you exit or enter the souk you might be accosted by hawkers selling fake goods and these obviously have no quality guarantee. While there are many smaller shops that operate here with an amazing selection, you'll also notice that the souk is home to some larger established stores such as ARY Jewelry, Joy Alukkas Jewelry, and Damas. So whether you are a jewelry lover or just like to browse, the sights and sounds of the Gold Souk are a must see while in Dubai.
The Gold Souk is closed daily from 2pm to 5pm and reopens until about Now internationally recognized with stores in six countries, Damas is one of the largest jewellery stores in Dubai and the place to shop for beautifully crafted unique diamond jewellery.
This homegrown award-winning UAE jeweller is a favourite with locals for their selection of gold, diamond and precious stone brands and designs. Abu Dhabi is also a gold and diamond hotspot, with its one-stop shop, the Madinat Zayed. Moritz Tokyo Venice Zurich. How to buy gold and diamonds in Dubai.
Dubai gold shops and diamond dealers in the UAE Shopping at Dubai's Gold Souk The Gold Souk What started back in the s with a handful of retailers is now one of the largest and most reputable gold and diamond market places in the UAE with over gold shops. The Dubai Gold and Jewellery Group fixes gold rates twice a day, so check the current day price, before making a purchase.
It is all in the negotiation so make sure you barter, protest and walk away. You could cut the price up to half. Tagged under dubai diamonds UAE abu dhabi news dubai shopping abu dhabi shopping.
Related items Shopping in Dubai. Your Wish Is Our Command