Gold market in Dubai: how to get, description

From time immemorial gold was considered a bright indicator of the high social status of man, luxury and wealth. Therefore it is not surprising that many modern businessmen and people with a decent bank account prefer to buy this noble metal in prestigious and at the same time reliable places. One of such world centers for trade in jewelry is the gold market in Dubai. About him and talk in detail in this article.

general information

Dubai today is not only one of the tourist centers of the world, but also a huge shopping center that attracts a wide choice of different products to buyers from all over the world. If we consider the gold market in Dubai, the photo of which is given below, its size and range of products are simply amazing. More than three hundred trade outlets with gold are located in a relatively small area, and the goods themselves are made by the best jewelers in the world. There is information that within the market is located within 10 tons of gold. This indicator can not boast of any other market on earth.

Range

The gold market in Dubai can offer all its visitors not only gold products themselves, but also a variety of jewelry and jewelry made of silver, which are encrusted with rubies, pearls, diamonds and other expensive stones. At the same time, all products of the market are not only man-made miracles of Arab jewelers, but also products from the world's leading brands: Cartier, Chopard, Van Cleef & Arpels, and others.

Beneficial or not?

It is this question, concerning the rationality of buying gold in the UAE, very often you can hear from the mouth of many tourists. The answer will be brief and unambiguous: "Yes, the acquisition of gold jewelry in the Emirates is a profitable transaction." The thing is that this country as a whole and Dubai in particular is the place where the turnover of gold products is simply colossal. In many respects because of this the prices for these goods are one of the lowest in the world. Very often, the indicator of the value of the finished gold item is absolutely comparable with the purchase price on the commodity exchange. In addition, the relative cheapness of gold products is also explained by the fact that the country has the lowest possible tax liabilities and very high competition in this environment. Also in the UAE constantly and lives and periodically comes to shopping and recreation a large number of wealthy people, for the contents of purses of which sellers are struggling by reducing the value of their goods.

Atmosphere and location

So, where is the gold market in Dubai? This place, which is called Gold Souk, is located in the area of the city called Deira. In this square, dotted with benches and shops, anyone, even the most demanding buyer, will be able to find to himself from gold what he will necessarily like. The market itself has three entrances and represents a giant letter of T. It is traded on it not only by Arabs, but also by Hindus, Pakistanis, representatives of other nationalities. In general, the atmosphere inherent in the times of the fairy-tale robber Ali Baba, will not leave anyone indifferent.

Availability

As practice shows, a very large percentage of people come to the gold market in Dubai just on an excursion, but many of them eventually still fail to resist the temptation to buy some trinkets from this precious metal. At the same time, it should be said that even if the price of original products is too much for the buyer's budget, he can wander around the market and, if desired, find a pretty decent copy of the beloved jewelry brand.

Security

The gold market in Dubai, whose reviews are numerous and overwhelmingly positive, is the place where you will never get caught in a fake. And all because the laws of the UAE are very tough so that the brave souls can break them. And besides, none of the sellers will not want to risk their reputation, because the number of competitors in each of them is huge. During the purchase of gold jewelry, you only need to carefully look at the sample on it. And be sure that it fully complies with all existing international standards. There are no fakes here.

Transport

Many are interested in the gold market in Dubai. How to get to it? There are several options, among which:

• Taxi. You can order it by phone or rent directly on the street. This will be the easiest way for a tourist, but it is important to consider that the market is located in such a way that if you go to it from other areas of the emirate, you will need to cross the Creek bay, and this significantly affects the cost of the trip.
• Metro. Using this type of public transport, you need to get to the station called Al Ras. The path will run along the green branch. And after that it will take a little walk.
• Arba. This method is the most popular in the tourist environment, because on this Arab boat will have to cross the bay. However, for this it is necessary to arrive at the Dubai Creek berth, using the metro for this (it will be necessary to leave at Al Ghubaiba station).

To bargain? Yes!

The gold market in Dubai is the place where you can and even need to bargain with the buyer with the seller. And this process should be carried out emotionally, not for a second succumbing to the seller in his attempts not to reduce the price. Many years of experience show that the persistent desire and principledness of the buyer always leads to the fact that the trader reduces the cost of his goods, sometimes even several times. At the same time, remember that if you still failed to bring down the price to the required level, then this one does not matter. You can simply turn around and go further on the market. And be sure that sooner or later you will still find exactly the same or very similar product and will be able to purchase it at the price you need. Only for this purpose it is necessary to resemble much and to sweat, conducting the auctions with jewelers. But do not be surprised that some traders will long and categorically refuse any price reduction, which is understandable, because gold is still a commodity that is sold daily in strict accordance with the international rate.