Dubai Gold District Launches As New Hub For Global Gold And Jewelry Trade

Ithra Dubai, a real estate developer wholly owned by the Investment Corporation of Dubai (ICD), has launched the Dubai Gold District, a purpose-built destination aimed at consolidating gold and jewelry trade, retail, and investment activities in a single ecosystem. 

Designed as a unified hub, the district brings together retail, bullion, wholesale trade, and investment in one location, supporting Dubai’s broader economic growth strategy. The initiative aligns with the Dubai Economic Agenda, D33, which aims to strengthen the emirate’s position as a global center for commerce and trade. 

Commenting on the launch, HE Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said the new district broadens access to Dubai’s gold trading market for investors and industry participants, while reinforcing the emirate’s role in global gold and jewelry trade. 

Issam Galadari, CEO of Ithra Dubai, added, “With the launch of Dubai Gold District, we are advancing a significant new chapter in the city’s gold and jewelry landscape. By uniting heritage, scale, and opportunity, the district brings together a significant and diverse ecosystem of traders, investors, retailers, and global brands, serving shoppers and visitors across international markets and key global trade corridors.” 

Additionally, Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment (DFRE), part of the Dubai Department of Economy and Tourism (DET), stated, “The launch of Dubai Gold District represents a defining moment in our city's evolution as a global destination for commerce, culture and tourism. Guided by visionary leadership and aligned with the Dubai Economic Agenda, D33 to further consolidate Dubai’s position as a leading global city for business and leisure, this transformative development elevates our standing as one of the world's leading centres for gold and jewellery trade whilst creating compelling new experiences for visitors and residents. 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. This achievement reflects the strength of collaboration between our public and private sectors and underscores the collective ambition of our partners and stakeholders in positioning Dubai at the forefront of global innovation and excellence. As we continue to diversify our tourism and retail landscape, Dubai Gold District will play a pivotal role in attracting international visitors, driving investment, and reinforcing our reputation as the best city in the world to visit, live and work in.”  

The development will also include the world’s first Gold Street, a street constructed using gold, which is designed as an attraction for visitors. 

The hub brings together a broad mix of global and regional gold and jewellery brands, serving buyers, traders, and investors, with more than 1,000 retailers operating across gold, jewellery, perfumery, cosmetics, and lifestyle categories, supported by over 1,000 hotel rooms across six hotels catering to international visitors and trade partners. 

Pictured in the lead image is the Dubai Gold District. Courtesy of Ithra Dubai.