Dubai has announced plans to build the world’s first “Gold Street”, a street constructed using gold, as part of the newly launched Dubai Gold District, a major new destination celebrating the emirate’s legacy as a global gold hub.
The announcement was made by Ithra Dubai, with further details about the Gold Street set to be revealed in phases.
Dubai’s New ‘Home of Gold’
Branded as Dubai’s new “Home of Gold,” the Dubai Gold District is designed as a one-stop destination for gold and jewellery, bringing together retail, bullion, wholesale trade, and investment under one roof.
The district already features more than 1,000 retailers across gold, jewellery, perfumes, cosmetics, and lifestyle sectors. Established brands such as Jawhara Jewellery, Malabar Gold & Diamonds, Al Romaizan, and Tanishq are already present, while Joyalukkas has announced plans for a 24,000-square-foot flagship store, set to be its largest in the Middle East.
Boosting Tourism and Retail
The Dubai Gold District is also set to become a tourist-friendly shopping destination, supported by over 1,000 hotel rooms across six hotels, offering convenient access for international visitors, buyers, and trade partners.
To further enhance accessibility, Big Bus tourist routes were introduced in 2025, strengthening the district’s appeal as a must-visit stop for gold and jewellery shopping in Dubai.
Strengthening Global Gold Leadership
The launch comes as the UAE continues to reinforce its position in the global gold market. Between 2024 and 2025, the country exported approximately $53.41 billion worth of gold, trading heavily with Switzerland, the UK, India, Hong Kong, and Turkey, making the UAE the world’s second-largest physical gold trading destination.
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, described the Dubai Gold District as a pivotal milestone for global trade, offering investors and market participants direct access to one of the world’s most active and trusted gold trading hubs.
Officials said the district brings together heritage, scale, innovation, and sustainability, celebrating Dubai’s historic relationship with gold while shaping its future as a global centre for precious metals.