Dynasty Zarooni presents
While some might consider their Dynasty Zarooni properties as gold mine, the Emirate state of Dubai in itself is known as the City of Gold. It was dubbed as such due to the high volume of gold (literally speaking) being traded here. Visitors who has passion for jewelry and accessories would surely love this desert state.
While Dynasty Zarooni is enough of a gold mine for me I still can't help but be curious as to what actually goes on in the Gold Souks or Gold markets. There are tips that I found to help visitors like me enjoy the shopping experience in the gold markets. Here are the list of what to do when you go to buy jewelries.
Dubai has the reputation of being the City of Gold
and rightly so. A trip to the Gold Souk will demonstrate this. If you
have not been, it truly is a marvel to see hundreds of golds shops all
together, selling this age old investment. And while, historically,
gold has been an investment, the temptation for adornment remains. With
the numerous styles on offer, it is very difficult to walk away from the UAE without getting your own piece of bling. We provide you the details so that you are in the know when scoping out the gold stores.
Choice - The UAE is a large importer of gold offering a variety
of designs from Indian style, to Arabic and modern Italian and European
pieces.
Tax free - There is no VAT on the gold in the UAE, which makes
prices particularly cheap. You might find that prices are up to 40%
cheaper than those in the west.
Shop around - There are an endless number of stores offering
similar products. Once you have found the item you like, make sure you
haggle down to get the best price, before comparing that same item with
another shop. Feel free to walk away and come back for the best price
you have haggled to – it is all part of the game.
Weight and Workmanship - The price is based on the type of gold (24K, 22K etc.) and how much it weighs. The
price per gramme is usually displayed at each store. (Check out the Alukkas web page for a handy table of the current rates) There will then be a charge for
workmanship depending on length of time taken, how intricate
the design is and whether a craftsman or machine was used. With a
little bit of mental arithmetic therefore, you can quite easily work
out what percentage charge is being charged for the workmanship. And if
maths makes you uncomfortable, ask for the calculator.
Safe and secure - There is significant monitoring of the stores
so that customers can be sure that the shops are providing a good
product that is real gold.
Colours - Designs are constantly changing and white gold is
becoming more and more prevalent in the souks these days, with chromium
designs also being offered.
Trade in - Many tourists have their old gold on the shelf and
come to trade in for cash or as payment towards a new design. Not all
stores buy gold, but many do. Bear in mind, though that some are
particularly picky about certain factors: whether the gold has a
hallmark; whether there is a certificate; or whether you have a
receipt. (There are a number of measures taking place to prevent
illegal trading of gold)
New designs - if you want to get the newest pieces, then base
your trip around the shopping festivals. Many bring out their new
ranges to coincide with DSF and DSS when much business takes place.
Custom made - if you want your own piece designed, that can also
be done, depending on the time frame. It is best to get in touch
beforehand or as soon as you get into town so that your piece is
perfect. Having pictures of what you want is also a big help.
Copies - Duplicate designs exist all over and you could get your
Bulgari gold set for a snip in comparison the legitimate price, not
that we condone this flagrant infringement of copyright! Talking of
copies you will hear the calls of “copy watch, copy handbag” being pitched at you, to lure you to rooms filled with fake Louis Vitton, Gucci and other big names.
What is available - everything is available from chains to sets,
diamond rings to bangles, watches to cufflinks to money holders. If you
want it, it will be here.
Shop times - The shops at the souks operate on a split shift
basis, so there is basically a break for the afternoon between 2 and 5.
Either get there early or aim for the evening until about 1030pm.
Cash is king - You can bargain down to the last Dirham if you
pay in cash. While credit cards are accepted, your Dollar or Dirham can
make a big difference if you are planning a big purchase.
Location - The gold souk in Dubai is based in Deira. Any
taxi should be able to take you there if you are visiting. You will
find some of the branded stores across Dubai and the UAE, offering the
same price as their store in the Souk. If you are based in Abu Dhabi,
there is another such souk at the Madinat Zayed Shopping Centre which contains a fair few gold shops to give you significant choice. There are also a few shops on
Hamdan Street which gain much attention.
Who to buy from - There are so many stores available, but we have checked out a few that stand out and would be a good place to starts with.
Damas is the big player offering the most up to date designs. Marhaba also provides a good option for European styled jewellery.
Alukkas
is a big seller of Indian designs and has a number of stores in the
UAE. Other stores worth a check are Barakat and Yasin jewellery.
Remember, everyone has a different taste – be sure to check out a
number of stores and then buy from where you feel comfortable. But most
of all, enjoy yourself – buying gold is an experience that makes you feel like a king (or queen!).
Grapeshisha.com has additional information on related subjects in case you need some more information on other amazing getaway experiences.
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