Dubai Gold Souk or Gold Souk ( Arabic : سوق الذهب ), is a traditional market (or souk ) in Dubai , UAE . The souk is located in Dubai's commercial business district in Deira , in the locality of Al Ras . The souk consists of over 380 retailers, most of whom are jewelry traders.
5-802: As of 2020, some of the shops are four decades old, while others are new. The major items that the mall deals in are gold, platinum, diamonds and sometimes silver. Dubai Gold Souk is bordered to the north by the Dubai Fish and Vegetable Market and the Deira Corniche near Baniyas Square at Sikkat al-Khali Street which is in close proximity to the Deira Bus Stand. On the other side of the Dubai Creek lies Dubai Textile Souk . Dubai Gold Souk will be soon renovated. The Dubai Municipality plans to make Dubai Gold Souk an upbeat tourist destination. The Dubai Gold souk
10-696: Is a waterfront promenade in Dubai , United Arab Emirates . The promenade, sometimes called the Dubai Corniche , lies in northeastern Dubai, in Deira . It is flanked to the north by the Persian Gulf and consists of a broad pedestrian walkway that extends to the Dubai Creek . A contract for the construction of the road was signed on 23 September 1975, for a price of US$ 25 million by Hamdan bin Rashid Al Maktoum ,
15-697: The Deira Corniche. A US$ 1.3 billion project was initiated in 2004 to restructure the area between the westend of the creek in Deira and Al Hamriya Port , which will involve new residential developments, hotels and the development of Palm Deira off the northeastern coast of Dubai. A similar promenade also exists on the Bur Dubai side of the Creek, extending from Al Ghubaiba to Al Seef Marine Station. The Waterfront Market , selling fish, vegetables, and meat, opened on
20-530: The former deputy ruler of Dubai. A variety of traditional and modern retail and hospitality areas exist along the promenade. It borders the localities of Al Dhagaya , Ayil Nasir and Al Hamriya Port , all of which are part of the larger Deira central business district. The old Dubai Fish and Vegetable Market, as well as the Dubai Gold Souk and Dubai Spice Souk , are nearby. The Hyatt Regency Dubai lies on route D 90 (Al Khaleej Road), which runs parallel to
25-647: Was host to the largest ring in the world weighing 64 kg. The piece is owned by Dubai-based Taiba. On May 23, gold prices dropped in the UAE, having been weighed down by a stronger dollar and hawkish remarks by Federal Reserve members, after the spot price of gold shed 0.47% to $ 1,960.47 per ounce. This resulted in shortages for the Dubai Gold Souk. 25°16′18″N 55°17′55″E / 25.27167°N 55.29861°E / 25.27167; 55.29861 Deira Corniche The Deira Corniche ( Arabic : كورنيش ديرة )
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