Dubai’s gold infrastructure expands with new hub in Bur Dubai designed to streamline business

Designed for scalability and ease of business, the hub aligns with UAE’s vision to reinforce its role as a global gold market and support rising demand from both tourists and residents 

Dubai: According to the World Gold Council, the UAE remains the fifth-largest gold jewellery market, with demand near 40 tonnes, matching Russia. As a major gold trade hub for the Middle East, Africa, and South Asia, Dubai is expanding its infrastructure to meet rising demand. Hence, to meet the rising demand and further cement the country’s reputation as a global gold and jewellery hub, Unique World Group, a diversified UAE-based conglomerate, is spearheading the establishment of a new Gold and Lifestyle Hub.  

This ambitious project aligns with the UAE’s vision of enhancing its role as a premier destination to cater to both UAE’s local markets and tourist demands. Sulaiman TM, Chairman of Unique World Group, stated, “In addition to a growing population and rising consumer buying power, there is an anticipated surge in demand for gold and diamond jewellery in the coming years. This makes the development of a second Gold and Lifestyle Hub in Bur Dubai essential, providing residents and tourists with greater access to jewellery shopping.” 

One of the key highlights of this initiative is the creation of a business-friendly ecosystem. Unique World Group has a strong track record of helping businesses establish themselves in the UAE, having assisted over 500,000 businesses over the past 17 years. By leveraging this experience, the company aims to ensure that gold industry stakeholders can easily set up operations within the hub, benefiting from streamlined legal processes, regulatory support, and operational efficiencies. 

The UAE has already implemented initiatives such as the UAE Good Delivery Standard, which ensures transparency and quality in gold production. The Unique Gold Hub will further enhance Dubai’s attractiveness as a destination for gold trading by aligning with international best practices and offering top-tier facilities. This will not only attract major players in the gold and jewellery industry but also encourage new entrepreneurs and investors to enter the market. 

In addition to economic benefits, the hub is expected to contribute to job creation, skill development, and knowledge transfer within the gold sector. With its strategic location and robust infrastructure, Dubai is well-positioned to strengthen its role as a global gold powerhouse, and the Unique Gold Hub will be a key driver in this transformation.  

Retail Jeweller ME News