Enhances the emirate's position as a global destination for jewellery

Launching the new extension of the Gold Souk in Dubai

The Gold Souk has more than 295 stores.

From the source

Ithra Dubai, the real estate development company wholly owned by the Governmental Investment Corporation of Dubai, announced the opening of the Gold Souk extension in Dubai, which includes more than 295 stores, 50 of which have opened their doors to receive shoppers.

Issam Galadari, CEO of Ithra Dubai, said: “The extension of the Gold Souk honors Dubai’s commercial legacy, and this historic district has been upgraded to provide an enriching experience, and to accommodate the increasing number of visitors.

Its location in the authentic commercial center of Dubai will contribute to making it one of the most important cultural attractions in Dubai, and a global destination for jewelry to enhance the title of Dubai, the city of gold.”

Sami Eid, Director of Marketing at Ithra Dubai Real Estate Development Company, said that the project to extend the gold market in Dubai comes within the first phase that the company is working on in the project (Ithra Deira), which includes the development of 2,200 housing units.

He added, "The first phase of the Deira enrichment project is expected to be completed by the end of this year or the beginning of next year."

For his part, Director of Real Estate Management for the Deira region in the Ithra Dubai Company, Shuaib Abdul Rahim, said that the project to extend the Gold Souk in Dubai, facing the Old Gold Souk area in the Deira region, includes 295 stores and about 230 administrative offices, with occupancy rates currently exceeding more than 70%, while it includes about 300 housing units of different sizes, with occupancy rates exceeding 95% so far.”

The Chairman of the Board of Directors of the Dubai Gold and Jewelery Group, Tawheed Abdullah, added, "The new extension of the gold market has made the gold market area in Dubai the largest gathering in the world that includes gold and jewelry companies, turning the market, which was about 400 square meters before, into a huge commercial center. for the gold industry.

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