Dubai, an Emirate of the United Arab Emirates (UAE), is popularly known as the ‘City of Gold’ and is strategically located in between the East and West.

In the non-oil trade segment for the UAE, gold trade is ranked as number 1 in value terms. 

The gold sector is fueled by a depth of market participants across the entire value chain as follows:

  • Wholesale & Retail Jewellers
  • Traders & Aggregators
  • Brokers 
  • Financial Institutions
  • Derivatives Exchange
  • Refineries
  • Processors & Manufacturers
  • Assayers
  • Secure Logistics (Transportation and Vaulting)

DMCC regularly provides the latest trade statics to ensure market transparency.

Location Advantages

  • Stable local currency in relation to the US Dollar
  • Ease of connectivity for producing and consuming countries
  • Suitable time zone benefits for global businesses 
  • No corporate or personal income tax
  • VAT exemption for gold bars trading