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DUBAI GOLD SOUK or GOLD SOUK (Arabic: سوق الذهب) is a traditional market (or souk) in Dubai, UAE

Dubai Gold Souk has narrow lanes that are lined with hundreds of jewelry stores

The souk is located in Dubai’s commercial business district in Deira, in the locality of Al Ras

The souk consists of over 380 retailers most of whom are jewelry traders

As of 2020, some of the shops are four decades old, while others are new

The major items that the mall deals in are gold, platinum, diamonds and sometimes silver

Dubai Gold Souk is bordered to the north by the Dubai Fish and Vegetable Market and the Deira Corniche near Baniyas Square at Sikkat al-Khali Street which is in close proximity to the Deira Bus Stand

On the other side of the Dubai Creek lies Dubai Textile Souk

World’s Heaviest Gold Ring in Dubai Gold Souk

Guinness World Record
The Dubai Gold souk was host to the largest ring in the world weighing 64 kg
The piece is owned by Dubai-based Taiba

2023 PROICES DROP AT GOLD SOUK – SHORTAGES AT DUBAU GOLD SOUK

On May 23, gold prices dropped in the UAE, having been weighed down by a stronger dollar and hawkish remarks by Federal Reserve members, after the spot price of gold shed 0.47% to $1,960.47 per ounce

This resulted in shortages for the Dubai Gold Souk

DUBAI SPICE SOUK (Arabic: سوق التوابل) or the OLD SOUK is a traditional market (or souk) in Dubai, United Arab Emirates (UAE)

The Spice Souk is located in Deira, in eastern Dubai, and is adjacent to the Dubai Gold Souk

The Spice Souk is in the locality of Al Ras, on Baniyas Street, near the Old Souk abra station on Dubai Creek

The souk comprises several narrow lanes which are lined with open and closed-roof stores, and is a tourist attraction

Stores in the Spice Souk sell a variety of fragrances and spices from frankincense and shisha to the many herbs used in Arabic and South Asian food

In addition, several household, textiles, tea, incense, rugs and artifacts are also sold in the Spice Souk

A majority of the trading occurs through haggling

The quantity of trade, as well as the number of stores trading spices in the Spice Souk, have not increased in recent years due to the growth of larger stores and supermarkets

THE DUBAI TEXTILE SOUK (Arabic: سوق الغزل والنسيج; also known as the Old Textile Souk) is a traditional souq (market) of textile products in Dubai’s historic Bur Dubai neighbourhood, along the Dubai Creek

It is located in the United Arab Emirates

Opposite to the textile souk on the other side of the Dubai Creek lie the Dubai Spice Souk and Dubai Gold Souk in Deira, accessible via the creek by special abra boats

Open 10am to 10 pm Saturday to Thursday with some vendors taking a lunch break from 1-4pm and Friday is 4 pm to 10pm

The souks of Dubai have a rich history of trade within the Persian Gulf region and have developed over time as Dubai urbanised rapidly

Traditionally, the Dubai Textile Souk was a commercial hub of the exchange in textiles, for functional use of making clothes or for special occasions

Over the years and through Dubai’s rapid globalisation, its commercial importance has since faded and has become a more tourist-focused

The Dubai Textile Souk’s address is 57-Opposite to the Abra

Ali Bin Abi Talib Street in Bur Dubai. It is located along the Dubai Creek opposite the Deira region which is host to the Dubai Gold Souk, Dubai Perfume Souk and the Dubai Spice Souk

The Textile Souk is also a street away from Souk Al Kabeer also known as Meena Bazaar

The main method of payment and preferred payment of vendors is cash, although there are credit card machine options available at some shops

The souk is also surrounded by multiple ATM’s allowing for tourists to get cash out if they need to do so

AL SOUK AL KABIR (Arabic: السوق الكبير), also referred to as Souk Al Kabir or Meena Bazaar is a community in Dubai, United Arab Emirates (UAE)

Al Souk Al Kabir is located in the area of Bur Dubai and is one of the oldest residential areas in the city with a predominantly South Asian population, restaurants and shops

The locality, referred to as Meena Bazaar by the local Pakistani and Indian community also encompasses the historic Al Bastakiya district of Dubai

Important landmarks in Al Souk Al Kabir include the Al Bastakiya district, Al Fahidi Fort, Dubai Museum, Bank of Baroda and the Hindu temple of Dubai

BUR DUBAI (in Arabic: بر دبي) translates to ‘Mainland Dubai’ and is the oldest historical neighborhood of Dubai

Al Souq Al Khabir (Meena Bazaar) is located in the north of the area, close to Dubai Creek

The Bani Yas tribe settled here in the 19th century, whom were of Najdi origin in modern-day Saudi Arabia

Dubai creek served as a minor port for dhows, a traditional wooden boat, coming from India and East Africa

This area also played an important part in Dubai’s pearl and fishing industry

Two key roads called Cosmos Lane before becoming more popularly named ‘Meena Bazaar’ and Al Fahidi Street attract shoppers