Dubai has unveiled plans to construct the world’s first street made entirely of gold as part of its newly launched Gold District, reaffirming its status as a global hub for precious metals trade. The groundbreaking announcement came during the official inauguration of Ithra Dubai’s Gold District, though specific technical details and construction timelines will be revealed progressively in phased announcements.
The Gold District, positioned as the emirate’s comprehensive ‘Home of Gold,’ consolidates all gold and jewelry-related activities into a single destination. This integrated complex encompasses retail operations, bullion trading, wholesale commerce, and investment opportunities. Currently housing over 1,000 retailers across multiple sectors including perfumes, cosmetics, and lifestyle products, the district has already attracted major international jewelry brands.
Notable flagship establishments include Jawhara Jewellery, Malabar Gold and Diamonds, Al Romaizan, and Tanishq Jewellery. Joyalukkas has announced ambitious plans for a 24,000 square foot flagship store, marking what will become its largest presence in the Middle East region.
Issam Galadari, CEO of Ithra Dubai, emphasized that the Dubai Gold District strategically “unites heritage, scale and opportunity” in the precious metals market. Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment (DFRE), highlighted the cultural significance, stating: “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.”
The development builds upon the UAE’s substantial gold trading credentials, having exported approximately $53.41 billion worth of gold between 2024-2025. The country maintains its position as the world’s second-largest physical gold trading destination, with major trading partners including Switzerland, the United Kingdom, India, Hong Kong, and Turkey.