Gold & Diamond Park

Overview

Gold & Diamond Park is Dubai’s dedicated free zone for the precious metals and jewellery industry, established in 2001 to provide a specialised environment for gold traders, diamond dealers, jewellery manufacturers, and gemologists. Located on Sheikh Zayed Road near Mall of the Emirates, the park occupies a prominent and accessible position in the heart of Dubai, making it convenient for both business operations and retail activities.

The park brings together over 90 jewellery manufacturers and 350+ retail outlets under one roof, creating one of the region’s most concentrated jewellery ecosystems. Its facilities are purpose-designed for the unique requirements of the precious goods industry, including high-security vault storage, assay and certification services, and workshop spaces equipped for manufacturing and polishing. The park operates as a one-stop destination for the gold and jewellery trade, serving both wholesale and retail markets.

Gold & Diamond Park operates as a free zone with full foreign ownership, zero taxation, and unrestricted profit repatriation. Given Dubai’s historic status as a global gold trading hub — the city is one of the world’s largest gold markets — the park provides an institutional framework for precious metals and jewellery businesses that wish to operate in this strategically important market.

Key Benefits

The primary benefit of Gold & Diamond Park is its infrastructure, which is uniquely suited to the precious goods trade. Security-grade storage facilities, assay services, and manufacturing workshops are not commonly available in general free zones, and the cost and complexity of establishing these capabilities independently would far exceed the park’s license fees. The built-in security framework also reduces insurance and compliance costs for businesses handling high-value goods.

The park’s retail component creates organic foot traffic from consumers and jewellery buyers, providing manufacturers and traders with direct access to end customers alongside their wholesale and B2B activities. This dual-channel capability is a practical advantage for businesses that serve multiple market segments within the gold and jewellery industry.

Who Should Choose Gold & Diamond Park?

Gold & Diamond Park is the right choice for any business whose primary activity involves gold, diamonds, precious stones, jewellery manufacturing, or related services. Companies entering the UAE’s large precious metals market — whether as traders, manufacturers, designers, or service providers — will benefit from being embedded in Dubai’s most established jewellery-industry community. Businesses outside the precious metals and jewellery sector will find the zone’s narrow focus a limitation and should look to broader Dubai free zones for their licensing needs.