Dubai is Building the World's First Street Literally Made of Gold

Dubai will get the world’s first “Gold Street”—a street constructed using gold—in the Dubai Gold District. Ithra Dubai launched the district and said further details on the Gold Street will be revealed “in phases.” Termed the emirate’s new “Home of Gold,” the Dubai Gold District brings together retail, bullion, wholesale trade and investment in a single destination. The district houses over 1,000 retailers across perfume, cosmetics, gold and lifestyle, with established flagships including Jawhara Jewellery, Malabar Gold and Diamonds, Al Romaizan and Tanishq Jewellery. Joyalukkas announced plans for a 24,000 square foot flagship, set to be its largest in the Middle East. Between 2024 and 2025, the United Arab Emirates exported approximately USD 53.41 billion worth of gold, with major trading partners including Switzerland, the United Kingdom, India, Hong Kong and Turkey. The country was the world’s second-largest physical gold trading destination during that period.