Ithra Dubai has announced plans to develop what it describes as the world’s first “Gold Street” as part of the newly launched Dubai Gold District, a purpose-built destination combining gold retail, bullion trading and wholesale activity in one location. The developer said the Gold Street will incorporate gold elements in its construction and is expected to serve as a central attraction, with design and construction details to be released in phases.
The announcement was made during the official launch of the Dubai Gold District, attended by senior officials including Mohammed Ibrahim Al Shaibani, managing director of the Investment Corporation of Dubai; Mohammad Ali Rashed Lootah, president and CEO of Dubai Chambers; and Issam Galadari, CEO of Ithra Dubai.
The wider district will bring together gold and jewellery retail, wholesale trade, bullion services and investment-related businesses, hosting more than 1,000 retailers across gold, jewellery, perfumery, cosmetics and lifestyle sectors. Brands in the area include Jawhara Jewellery, Malabar Gold and Diamonds, Al Romaizan and Tanishq Jewellery, while Joyalukkas plans to open a 24,000-square-foot flagship store, its largest in the Middle East.
