Dubai, 28 January 2026 – Dubai has unveiled Dubai Gold District, a landmark new destination that will soon be home to the world’s first Gold Street – a purpose-built attraction constructed using gold and designed to cement the city’s position as the global capital of gold and jewellery trade.
Developed by Ithra Dubai, the District brings together the entire gold and jewellery value chain in one location, spanning retail, bullion, wholesale trade and investment. The debut of Gold Street, set to be revealed in phases, will form the centrepiece of the precinct, offering visitors a striking new way to experience one of Dubai’s most culturally and economically significant industries.
The unveiling marks a major milestone in Dubai’s evolution as a global hub for commerce, retail and tourism, and aligns with the Dubai Economic Agenda, D33, which aims to position the city among the world’s leading destinations for business and leisure.
Strengthening Dubai’s Global Gold Leadership
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 USD 53.41 billion 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.
H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, described the District as a pivotal milestone for global commerce, offering market participants unparalleled access to one of the world’s most active and trusted gold trading hubs. Issam Galadari, CEO of Ithra Dubai, noted that the District unites heritage, scale and opportunity, creating a diverse ecosystem for traders, investors, retailers and global brands.
A New ‘Home of Gold’ for Visitors and Traders
Positioned as Dubai’s new “Home of Gold”, the District brings together more than 1,000 retailers across gold, jewellery, perfumery, cosmetics and lifestyle categories. The mix includes established regional and international names such as Jawhara Jewellery, Malabar Gold and Diamonds, Al Romaizan and Tanishq Jewellery. Joyalukkas has also announced plans for a 24,000 square-foot flagship store, set to become its largest in the Middle East.
One of the District’s defining features is its global appeal. In 2025 alone, shoppers from more than 147 nationalities visited the area, reflecting Dubai’s unique position as a truly international marketplace for gold and jewellery.
A defining feature of the District will be the debut of the world’s first Gold Street, designed as a distinctive visual and experiential draw for visitors. Details of the attraction will be revealed in phases, adding a new layer of cultural and tourism appeal to Dubai’s historic relationship with gold.
Enhancing Dubai’s Tourism and Retail Landscape
Beyond trade and retail, Dubai Gold District plays a growing role in the city’s tourism offering. The destination is supported by more than 1,000 hotel rooms across six hotels, providing convenient access for international visitors, buyers and business travellers. Its integration into the city’s sightseeing network has also been strengthened through the introduction of Big Bus routes, making it easier for tourists to explore the district as part of a broader Dubai visit.
For travellers, the District offers not only access to gold and jewellery at scale, but also insight into a trade that is deeply woven into Dubai’s cultural and commercial identity – bridging heritage, modern retail and global commerce in one destination.
For more information, visit www.dubaigolddistrict.com
About us:
About Dubai Gold District:
Dubai Gold District is the world’s new epicentre for gold and jewellery trade and shopping, offering a globally trusted destination for consumers, visitors, and the international gold community. Developed by Ithra Dubai, the District connects the historic Gold Souk to a modern, world-class ecosystem that unites traders, investors, retailers, artisans, and customers under one powerful vision, the true Home of Gold.
Our mission is to establish Dubai Gold District as one of the most unique and influential gold and jewellery destinations in the world; a place where business, retail, and community come together to shape the future of gold. Anchored by six leading hotels, vibrant retail and dining experiences, and tax-back-enabled shopping, Dubai Gold District redefines how the world shops and trades gold. It is home to a thriving community of over 10,000 people who work, live, and engage daily across the District and an ever-growing network of gold and jewellery businesses.
With direct connectivity through Al Ras and Gold Souq Metro Stations and close proximity to Dubai’s Cruise Terminal Mina Rashid Port, the District is easily accessible for both residents and visitors, reinforcing its role as a global destination for trade and tourism.
With origins in Dubai’s gold trade of the early 20th century, Dubai Gold District transforms a historic commercial hub into a world-class destination where heritage, craftsmanship, and innovation converge, reinforcing Dubai’s position as a global centre for gold and jewellery excellence.
About Ithra Dubai:
Ithra Dubai is a pioneering real estate developer wholly owned by the Investment Corporation of Dubai (ICD), mandated to shape the future of urban destinations in Dubai and beyond. With a bold vision to enrich cities and elevate lifestyles, Ithra Dubai delivers world-class mixed-use developments that integrate commercial, residential, hospitality, and cultural experiences at scale.
The company is behind some of Dubai’s most transformative projects, including One Za’abeel and the Dubai Gold District, iconic landmarks designed to redefine global benchmarks in architecture, innovation, and integrated living. Ithra Dubai is committed to delivering sustainable, human-centric environments that inspire connection, drive economic growth, and reflect the city’s ambition as a global hub for trade, tourism, and innovation.
Built on a foundation of excellence, transparency, and forward thinking, Ithra Dubai continues to shape destinations that serve generations to come.
For more information, visit www.ithradubai.com
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