locations shops
Amazing Gold Facts about Dubai
. Per capita gold bought every year of 34 grammes, more than an ounce (31.1g), is the highest in the world
. More than two thirds of the population buys gold at least once a year
. 48% of all gold is for gifting
. 28% is for self
. 95% of all tourists buy gold
. On an average every person buys five pieces of gold jewellery every year
. Each piece is worth $400 on average, so the average yearly spend is $2,000
. 76% of all Dubai residents own gold
. 80% intend to buy gold in the next year
. 90% of the jewellery market is plain gold jewellery (as against 10% gemset)
. 90% of all jewellery in Dubai is imported
. Imports come from Saudi, India, Pakistan, Thailand, Italy, Malaysia, Singapore, Bahrain
. Dubai is the Middle East supply hub for the jewellery market.
. 95% of all jewellery sold is above 21 karat; the rest is 18 karat
. Dubai has over 600 shops, the densest concentration in the world
. Dubai's Gold Souk has 275-plus shops in a half a square kilometre area.
. At any given time over 25 tonnes of gold is on display in jewellery shop windows
. Jewellery is sold on gold price plus making charges unlike in the West, where it is per piece
. Dubai is the world's second largest redistributor of bullion; it imports 360 tonnes and re-exports almost all of it (350 tonnes)
. Dubai made the world's longest gold chain during DSF 99. The chain was made in 22k gold and measured 4.2kms. 9,600 people bought the chain in neckwear and bracelet size pieces.
