Ithra Dubai has officially launched Dubai Gold District, a purpose-built destination designed to elevate Dubai’s position as the world’s leading destination for gold and jewellery trade.

The launch of Dubai Gold District marks a new phase in Dubai’s development as a global centre for retail, commerce, and trade. Developed as a unified destination, the District brings together the full gold and jewellery value chain in one location, spanning retail, bullion, wholesale trade, and investment. By consolidating these activities, Dubai Gold District strengthens Dubai’s position as one of the world’s most trusted global destinations for gold, said a WAM news agency.

The district was unveiled in the presence of Mohammed Ibrahim Al-Shaibani, Managing Director of the Investment Corporation of Dubai; and Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers; and Dr Juma Al Matrooshi, Assistant to the Secretary General of the Dubai Free Zones Council, and Issam Galadari, CEO of Ithra Dubai, joined by long term traders from across the District. The unveiling marks a significant milestone for the Dubai Economic Agenda, D33, reinforcing the District’s role in shaping the future of the global gold and jewellery trade.

The launch also reflects the UAE’s continued role as a leading global trading nation for gold and precious metals. In 2024–25, the country exported approximately $53.41 billion worth of gold, with major trading partners including Switzerland, the United Kingdom, India, Hong Kong and Turkiye, positioning the country as the world’s second-largest physical gold trading destination.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, stated that the announcement of Dubai Gold District marks a pivotal milestone for global trade and commerce, offering investors and market participants unparalleled access to one of the world’s most active and trusted gold trading hubs. He noted that the initiative firmly strengthens Dubai’s position as a global gateway for gold and jewellery trade and as an integral part of the global trading ecosystem.

“With the launch of Dubai Gold District, we are advancing a significant new chapter in the city’s gold and jewellery 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” Issam Galadari, CEO of Ithra Dubai.

As Dubai’s new ‘Home of Gold’, the district unites the full spectrum of gold and jewellery activity under one destination. It is home to a wide range of established global and regional gold and jewellery brands, offering exceptional variety, quality and value for buyers, traders and investors.

What sets Dubai Gold District apart globally is the unmatched diversity of its audience, bringing together one of the world’s widest mixes of buyers, traders, and consumers within a single destination, WAM said.