Dubai is one of the world’s most famous destinations for buying gold. The city offers a huge range of jewellery designs, competitive prices, and trusted retail markets such as the Dubai Gold Souk and luxury mall boutiques. Tourists often visit Dubai specifically to purchase gold jewellery. In the UAE, gold jewellery is subject to a 5 percent Value Added Tax (VAT). This tax applies to most retail purchases made in the country. However, the UAE government allows international tourists to reclaim part of this VAT when they leave the country. Because of this tourist refund scheme, many travelers can reduce…
Author: Mohan Nasre
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Rising Tensions Trigger Security Concerns in Gulf Financial Hubs. The escalating conflict involving Iran, Israel, and the United States of America is sending shockwaves across the Middle East, with financial hubs such as Dubai and Doha experiencing growing uncertainty. As military tensions intensify in the region, international companies and global banks are taking precautionary measures to protect employees and maintain business continuity. Several multinational financial institutions have begun evacuating offices or shifting operations to remote work as security risks increase. The developments highlight how geopolitical conflict can quickly impact global financial centres that depend heavily on stability and investor confidence.…
A drone strike incident near Dubai Creek Harbour has drawn global attention as tensions continue to rise across the Middle East. The event occurred during the ongoing conflict involving Iran, Israel, and the United States, which has already triggered security alerts across several Gulf nations. Authorities in Dubai confirmed that a drone fell on a building in the vicinity of Dubai Creek Harbour, causing a small fire that was quickly brought under control. Emergency teams responded immediately, and residents were evacuated from the building as a precaution. Officials later confirmed that no injuries were reported, and the situation was contained…
Abu Dhabi’s real estate market is preparing for a significant expansion as thousands of new residential units are expected to enter the market this year. Analysts estimate that nearly 16,000 homes could be delivered across the emirate, adding fresh supply to a sector that has seen strong demand in recent years. The new supply will include apartments, villas, and townhouses located in several of Abu Dhabi’s fastest-growing communities. Developers continue to launch large residential projects as population growth, foreign investment, and economic diversification increase housing demand. With the emirate positioning itself as a major global investment destination, the expansion of…
Dubai has long been known as the “City of Gold,” attracting tourists who want to purchase jewellery or investment bullion. The city’s famous Gold Souk and luxury malls offer thousands of gold designs and a large variety of jewellery styles. Many travelers believe that buying gold in Dubai is cheaper than in other countries. The main reason for this perception is the UAE’s relatively low taxation structure on gold. Compared with countries that impose higher import duties or sales taxes, Dubai often appears more affordable. However, the actual price difference depends on several factors, such as global gold prices, taxes,…