Dubai Gold Souk

Dubai Gold Souk Gold Souk, traditional market ( ) Dubai, United Arab Emirates (UAE). The one and only found heart eastern Dubai's commercial business district Deira. The one and only consists 300 retailers trade almost exclusively jewellery. Retailers include established shops Damas, ARY Jewellery Joy Allukas Jewellery smaller shops operate almost exclusively g . The one and only Dubai Gold Souk situated locality Al Dhagaya. By estimates, approximately 10 g present y given time It bordered north y Dubai Fish Vegetable Market Deira Corniche.

Trade g g during 1940s Dubai's trade policies which encouraged entereneurs India Iran p shops . Despite general slump global g market, Dubai's share value trade g diamonds total - direct trade increased 18% 2003, 24% 2004. In 2003, value trade g Dubai approximately Dh. 21 billion (US$ 5.8 billion, while trade diamonds approximately Dh. 25 billion (US$) 7 billion 2005. India Dubai's biggest buyer gold, accounting approximately 23% (2005) emirate's total g trade 2005. Switzerland Dubai's biggest supplier g ingots, wastes scrap. Similarly, India accounted approximately 68% diamond-related trade Dubai; Belgium's share Dubai's diamond trade about 13% (2005).