Dubai: Dubai will get the world’s first ‘Gold Street’, a street constructed using gold, in the emirate’s Gold District, according to media reports. This ambitious project marks a significant milestone in Dubai’s commitment to innovation and opulence in urban development.
According to Bangladesh Sangbad Sangstha, while further details will be revealed “in phases”, the announcement came as Ithra Dubai officially launched the emirate’s Gold District. The initiative is poised to solidify Dubai’s status as a global hub for gold trading, with the district being termed the emirate’s new ‘Home of Gold’.
In 2024 to 2025, UAE exported approximately $53.41 billion worth of gold, with major trading partners including Switzerland, the United Kingdom, India, Hong Kong, and Turkey. The country is recognized as the world’s second-largest physical gold trading destination, further emphasizing the significance of the Gold District.
The Gold District aims to bring together everything gold- and jewellery-related under one destination, encompassing retail, bullion, wholesale trade, and investment. The district houses over 1,000 retailers across various sectors, including perfume, cosmetics, gold, and lifestyle.
Notable flagships such as Jawhara Jewellery, Malabar Gold and Diamonds, Al Romaizan, and Tanishq Jewellery are already established within the district. Additionally, Joyalukkas has announced plans for a 24,000 square foot flagship, set to be its largest in the Middle East.
Issam Galadari, CEO of Ithra Dubai, highlighted the district’s unification of heritage, scale, and opportunity. Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment (DFRE), part of the Dubai Department of Economy and Tourism (DET), emphasized the cultural and commercial significance of gold in Dubai, celebrating its legacy while reimagining it for a new era shaped by creativity and sustainability.