City of Gold, Dubai has turned out to be the center of attraction in the global community to gold enthusiasts. Although emirate does not practically mine its gold, it has perfected the skills in the art of creating, marketing, and occasions in gold, better than any other location. The City of Gold promises a golden experience that can hardly be compared with its bustling souks and lavish malls. But then what is it specifically that makes Dubai such an ideal gold buying place? Here are 5 reasons why Dubai lives up to its name as the City of Gold.
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5 Reasons Why Dubai is Crowned as City of Gold
1. Gold is Pure and Certified
Among the main reasons, why Dubai is called the City of Gold is the strict rules controlling the quality and authenticity of gold. All the products that sell in Dubai are tested, approved, and are marked with a government hallmark. These hallmarks disclose valuable information such as karat weight, gold quantity and making charges- providing perfect information to the purchasers. Government regulation of gold market guarantees that only premium quality goods can be purchased, and the Dubai gold is highly demanded and well-respected worldwide.
2. Room to Bargain on Making Charges
Dubai is not only a city of definite costs and great shopping, it is also a destination where your bargaining experience can save you a fortune. On making charges of the gold jewelry, especially in the traditional markets such as Gold Souk, the shoppers will be able to bargain. This is another advantage that Dubai has over other countries where such negotiations can hardly be considered. This negotiation skill ought to be more on the purchase of bulk or high-valued purchase of gold in the City of Gold, making it a personalized and sweet purchase.
3. Tax-Free Advantage
Dubai got an alternative name of City of Gold because of its long-term tax-free policy on gold. Although a 5 per cent VAT was introduced in 2018, even gold is still relatively less costly in Dubai than in such countries as India where GST and excise duties increase prices. In addition, tourists can take back VAT refunds on their purchases- and Dubai will thus continue to be a low cost and tax favorable place to shop gold. This features it as a city that is likable not just because of the quality of gold in it but also because of the savings available.
4. Gold Prices Reflect International Market Rates
The other reason which justifies why Dubai deserves to be called the City of Gold is the pricing model. Pricing of gold in Dubai relates directly to the market prices in the entire world thus this consistency exists across all the shops. The buyers can now compare prices and make wise decisions as a result of this transparency. The international gold rate can be compared to determine the best time to go shopping since savvy shoppers can determine the best times to buy so that they can get tremendous value from their money in the City of Gold.
5. A Wide Variety of Choices
The city of gold does not disappoint with an array of gold designs that are as mind-blowing as the name of the city. Be it the conventional type of jewels, the contemporary minimalist or the selling-upscale, tailor-made artifacts, Dubai offers everything. A visit to the iconic Deira Gold Souk is a must where hundreds of sellers display gold ornaments of all origin such as India, Turkey and Italy. Rings, bangles, gold coins, even gold plated home furnishings, shields, and swords are all available to buy. The City of Gold is friendly to every tastes, budgets, and occasions.
Also Read: Dubai Introduces 10 Days Paid Marriage Leave for Emirati Government Employees
Final Thoughts
Whether it is certified purity, global pricing, and tax benefits and lots more, it is not difficult to see why Dubai is regarded as the City of Gold. The wide-ranging range of design, mobile shopping and the general feeling of trust makes it a golden paradise to the tourists, the residents and even the investors. Therefore, the next time when someone orders you to bring back something special about the City of Gold, you will understand why the city is one of the most affordable and secure destinations that could guarantee the purchase of the gold in the world.