GOLD IN DUBAI IS CHEAPER It is one of the main reasons why people choose to move to the city, as well as buy gold. Due to the exclusion of taxes in the emirate, prices for gold in Dubai have always been cheaper as buyers would only pay for the value of the gold jewellery.
Generally speaking you will get a better price in the gold souk in Deira or the Gold And Diamond Park, near Mall of the Emirates than you will get in a retail shop in a mall.
REASONS FOR EXPATS TO BUY GOLD IN DUBAI
Whether you are looking for something simple to wear every day or something more extravagant, Dubai has a lot to offer when it comes to gold jewellery. Apart from this, here are 5 reasons for expats to buy gold in Dubai.
DUBAI GOLD IS PURE
The purity and quality of jewellery is something you won’t have to worry about when buying gold in Dubai. All merchandise sold by jewellery is regulated by the government which ensures the authenticity of any gold item sold in Dubai. It is also mandatory for jewellery stores across the city to carry a gold purity hallmark on items they sell and are obliged to provide it to their customers upon request.
Although the introduction of the Value Added Tax (VAT) does levy a 5% tax on any items purchased, buying gold is still considerably cheaper in Dubai compared to other countries in the world. Also, tourists can claim VAT refunds in the UAE for all purchases made in the country. Not to mention, you can bargain making charges for gold in Dubai to get a good deal!
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