Dubai to build world's first street made of gold
The UAE’s $53.41 billion gold trade powers Dubai's new "Gold District," home to 1,000 retailers and flagship jewellery brands.
Dubai has unveiled plans for the world's first "Gold Street," a glittering landmark to rise inside the newly launched Dubai Gold District.
The announcement came as Ithra Dubai officially opened the district, which it calls the emirate's new "Home of Gold," reports Khaleej Times.
The destination will unite everything related to gold and jewellery under one roof, from retail and bullion to wholesale trade and investment.
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According to the report, the United Arab Emirates exported about $53.41 billion worth of gold in 2024–25, cementing its position as the world's second‑largest physical gold trading hub.
Its biggest partners included Switzerland, the United Kingdom, India, Hong Kong and Turkey.
The Gold District already houses more than 1,000 retailers across sectors such as perfume, cosmetics, lifestyle and, of course, jewellery.
Flagship names like Jawhara Jewellery, Malabar Gold & Diamonds, Al Romaizan and Tanishq are firmly established, while Joyalukkas has announced a 24,000‑square‑foot flagship, its largest store in the Middle East.
Issam Galadari, CEO of Ithra Dubai, said the district "unites heritage, scale and opportunity."
Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment under the Department of Economy and Tourism, said, "Gold is deeply woven into the cultural and commercial fabric of Dubai, symbolising our heritage, prosperity and enduring spirit of enterprise."
"Through this landmark destination, we not only celebrate that legacy but also reimagine it for a new era shaped by creativity and sustainability," he added.
