Dubai Gold Souk
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Gold Souk Information
Dubai Gold Souk (Arabic: دبي سوق الذهب‎) or Gold Souk, is a traditional market (or souk) in Dubai, United Arab Emirates (UAE). The souk is located in the heart of eastern Dubai's commercial business district in Deira. The souk consists of over 300 retailers that trade almost exclusively in jewellery. Retailers in the souk include both well established stores like Damas, ARY Jewellery, Prima Gold and Joy Allukas Jewellery as well as smaller stores that operate almost exclusively in the gold souk. The Dubai Gold Souk is situated in the locality of Al Dhagaya. By some estimates, approximately 10 tons of gold is present at any given time in the souk[1] It is bordered to the north by the Dubai Fish and Vegetable Market and the Deira Corniche.

Trade in the gold souk grew during the 1940s due to Dubai's free trade policies which encouraged entrepreneurs from India and Iran to set up stores in the souk. Despite a general slump in the global gold market, Dubai's share of value of trade in gold and diamonds to its total non-oil direct trade increased from 18% in 2003, to 24% in 2004. In 2003, the value of trade in gold in Dubai was approximately Dh. 21 billion (US$ 5.8 billion, while trade in diamonds was approximately Dh. 25 billion (US$) 7 billion in 2005. India is Dubai's largest buyer of gold, accounting for approximately 23% (2005) of the emirate's total gold trade in 2005. Switzerland was Dubai's largest supplier of gold ingots, wastes and scrap. Similarly, India accounted for approximately 68% of all diamond-related trade in Dubai; Belgium's share in Dubai's diamond trade was about 13% (2005).  
Deira Old Souk & Spice Souk:
Dubai's largest and oldest souk. The easiest way to enter is to head for the windtowers on the Deira side of the creek. A wonderfully different experience,the spice souk has narrow streets and an aroma so unique,it's like walking into another era.The place seems to have downsized in the past year and the rows of stalls displaying spice laden sacks are fast diminishing.Although spices are available, a Far eastern influence seems to be setting in ,with integrated shops of cheep eleronic goods and wholesale shoes.Perhaps the slow demise is due to more and more supermarkets suppling a wider range of spices.

Location: Creekside, Deira Timings: 9am-1pm & 4-10pm, Fridays 4-10pm
Gold Souk:
Dubai's most famous market of all is the gold souk, where narrow streets are lined with shop windows glinting with ornaments made in 22 and 24 carat gold. Along the slightly larger lanes of the gold souk, each shop window is crammed with gold necklaces, rings, bangles, ear rings and brooches. Gold prices here are among the lowest in the world. Most jewellery is 24 carat and none is less than 18 carat. Be sure to haggle vehemently and be prepared to walk away if you cannot get the price you require, there will be another shop just a few doors down offering a similar product. Remember to check the daily gold price in the newspapers.

Location: Near St. George Hotel, Al Ras, Deira
Timings: 9am-1pm & 4-10pm, Fridays 4-10pm
 
Bur Dubai Souk:
Also known as the Textile Souk, and as Cosmos Souk, this market runs along the creek opposite the Deira Souk. Souvenirs and knick-knacks are on sale but the area is best know for its stunning array of fabrics from the Indian subcontinent and the Far East. Parking is very limited but there is an open air pay and display car park next to Dubai Museum.For a good range of textile shops in a single area, head to Al Fahidi Street in Bur Dubai. It’s a good place to pick up material for your suit, shirt or skirt. Most of the shops close around lunchtime, so get there early in the morning or late afternoon.The two main textile shops in Bur Dubai Souks are: Meena Bazar and Rivoli.

Location: Al Fahidi Street, Bur Dubai
Timings: 9am-1pm & 4-10pm. Fridays 4-10pm 
Satwa Souk:
One of Dubai's best kept secrets. Satwa Souk is essentially a shopping square but should not be overlooked for those in search of tailor-made clothes or high quality fabrics. The best known and most frequented shops are Regal and Deepaks. Both stores will recommend nearby tailors who will be happy to turn your fabric purchases into perfectly fitting garments.

Location: Satwa
Timings: Not Available
Food souk:
The largest array of fresh produce in Dubai. Everything is sold by the kilo so don't expect to return unladen. Imported and local produce are on sale. Omani bananas come highly recommended, guaranteed to be the sweetest bananas you have ever tasted. Don't forget to taste the many varieties of local dates.

The largest and busiest of Dubai’s fish markets is well worth a visit if only to see the incredible array of local fish on offer. Blue lobster from Fujairah, baby sharks and metre long kingfish are just some of the treats in store for the shopper that doesn’t mind getting their shoes dirty. Wear waterproof shoes and old clothes.

Location: Near the gold souk, Deira
Timings: 9am-1pm & 4-10pm. Fridays 4-10pm
Sharjah Gold Souk
Sharjah is famous for its beautiful souks, old and new. Bargain hunters can explore the myriad handicraft shops which stock everything from carpets and antiques to Arabic jewellery, onyx and semi precious stones. Sharjah's gold souk is dazzling and prices are like music to the ears. Tonnes and tonnes of gold hang inside shop windows, luring the willing to convert savings into hard metal and get a hedge against inflation.

In the old souks, one sees shops selling nargilahs, tall hubble - bubble pipes in which the smoke is passed through water veils with decorated edges, pantaloons with embroidered anklets, dress lengths with, similarly embroidered necklines and sari lengths made from raw silks and cottons of the Orient.