Deira Gold Souk
Area: Deira, Dubai
Famed the world over since the 1940s when traders and entrepreneurs from India and Iran pitched their stalls in this area, the Dubai Gold Market in Deira (also known simply as the Gold Souk) is a major reason why many people opt for Dubai for their holiday.
With its enormous collection of shops, its remarkable variety of goods and its exceptionally reasonable prices, the Dubai Gold Market is the ultimate destination for jewelry lovers. Window upon window is crammed with bracelets, necklaces, rings, diamonds, emeralds, rubies, sapphires and more, making the Gold Souk one of the most popular tourist stops in the Middle East. In particular, it looks spectacular at night.
Some estimates have it that approximately 10 tons of gold is present at any given moment in the Dubai Gold Market. Barter hard, and remember that gold is sold by weight (look in the papers for the daily international price if you want to get serious about it), so it’s only really the craftsmanship you’ll be able to bargain down.
Not surprisingly, security is taken seriously at the Dubai Gold Market, and all operations are strictly monitored. However, pickpocketing can occasionally be a problem, so be careful in crowds.