Kimberley Process Chair updates UN General Assembly on UAE’s landmark ‘year of delivery’, UAE-led resolution on role of diamonds adopted by overwhelming majority
March 27, 2025
India discontinues parts of gold deposit scheme amid rising prices
March 28, 2025Dubai to open a new gold hub to boost jewellery sale
Dubai is in need of a newgold hub, that could cater to a wider consumer base amongst UAE residents and tourists, many of whom visit Dubai to buy gold and diamond jewellery for social occasions including festive shopping and weddings. There was a 300 per cent increase in gold trade flow in Dubai from 2023 to 2024, reflecting the city’s growing appetite for gold.
Historically, the age-old Dubai Gold Souq has been catering to the growing needs of jewellery and has been serving the residents and tourists very well. However, with the increase in demand for gold and diamond jewellery in the Middle East, Africa, South and CentralAsia, the City of Gold now needs a new Gold Hub.
Mr Mohammed Suhaib,Managing Director of Unique World Group, says the new Gold Destination will help jewellery sales to accelerate further. “As the population of Dubai and UAE increases rapidly – to cross 3.8 million in Dubai and 10.8 million in the UAE. we see the creation of a new Gold and Lifestyle Hub an important step in facilitating this industry to grow further,” Mohammed Suhaib added.
Unique World Group is a Dubai-based diversified business conglomerate with interests in BusinessCentre, Education and Real Estate sectors, and is currently embarking on a newmore diversified growth trajectory.
