Top 5 Reasons Why Buying Gold from Dubai is so Popular with Ex-pats & Tourists
Dubai is popularly also known as the city of gold. It has a whole marketplace dedicated to selling gold. Dubai's Gold Souq is one of the most popular attractions in Dubai since the time Dubai got its recognition. Purchasing gold jewelry in Dubai is very popular amongst the ex-pat community and visiting tourists. But have you ever wondered why Dubai is favored when it comes to buying this valuable yellow metal?
Let us look at the top 5 reasons to buy gold jewelry in Dubai:
1. Purity & Quality Gold Jewelry:
The purity and quality of jewelry are something you won’t have to fear about when shopping for gold jewelry in Dubai. All gold merchandise sold by jewelers is regulated by the government which is very strict compared to other countries. This ensures the authenticity of any gold object sold in Dubai. It is also mandatory for jewelry shops throughout the city to carry a gold purity hallmark on items they sell and are obliged to offer it to their clients upon request. Many ex-pats & tourists simply visit Dubai to buy gold due to its purity and take it back to their country.
- Gold is Cheaper in Dubai:
Dubai is famous for its exemption from taxes. It is one of the major reasons why people opt to move to the city, as well as purchase gold. Due to the exclusion of taxes, the purchase rate of gold in Dubai is less expensive as buyers would only pay for the value of the gold jewelry. Although, the Value Added Tax (VAT) was introduced in 2018 that levied a 5% tax on any item purchased, buying gold is still substantially cheaper in Dubai compared to other countries in the world. Also, VAT refunds can be claimed by tourists in the UAE for all purchases made in the country. Gold jewelry like a rose & white gold necklaces, engagement rings, diamond coated bracelets, and diamond studded gold earrings are some of the most popular gold items bought by tourists and ex-pats.
- Wide Range of Choice:
Dubai is a shopper's paradise for not just clothes & electronics but also gold jewelry. Most popular gold jewelry brands are situated in Dubai. If you're looking to buy jewelry in Dubai, you can get a wide range of choices. You're guaranteed to find a spectacular array of designer gold jewelry shops, no matter where you go.
- Gold Follows the Price of International Market Rate:
Another feature that makes buying gold in Dubai an ideal experience is the price of gold. The gold prices in Dubai follow the international gold market rate which ensures uniformity of charges across all shops in the city. As international gold prices fluctuate just like the prices of the stock market, it offers an opportunity for gold buyers in Dubai to take benefit of falling prices and buy gold at the lowest rate possible.
- You can Bargain for Making Fee for Gold Jewelry in Dubai:
One of the important factors that strengthen the affordability of gold in Dubai is that you can negotiate the rate of the making costs, which are the charges applied for making the gold ornament. Making prices vary depending on the kind of gold jewelry you're buying and the retailer you are buying from. While bargaining is very difficult in bigger jewelry stores present in the mall, however, you can easily bargain from the shops situated in Dubai Gold Souk.
If you want to buy gold jewelry, Dusoul in Dubai is an excellent place to start. It’s got many gold jewelry stores present in all the main popular centers in Dubai and UAE and offers a variety of designs, brands, and styles.
