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Shopping in the Dubai Gold Souk

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Dubai has a reputation as a modern, cosmopolitan city. In Dubai, bigger is better: world’s tallest building, world’s largest mall, etc. However, in Bur Dubai and along the banks of the Dubai Creek, you hear the echoes of the old Dubai. In the heart of this area, we encountered the Dubai Gold Souk and knew we’d stumbled on some something truly special.

To appreciate this area, cruising up Dubai Creek on an abra boat is a must. From this vantage point, you can see the bustling level of activity as the dhows and abras cruise up and down the river engaging in commerce. Men stand on these floating barges yellowing to people on shore. Prices are negotiated and then the goods are loaded off and carried in the local Dubai souks. There are cafes lining the creek, which are also a great place to grab a falafel snack and enjoy the bustle of activity.

An abra boat on Dubai Creek.

Our first local experience was the Bur Dubai Souk – a mixed bag of cheap clothes, housewares, convenience goods and not an insignificant amount of tourist merchandise. A few vendors were trying to push art, but the market seemed quiet. While there is something for everyone at the Bur Dubai Souk, there isn’t an everyone for the something that is sold there. The Bur Dubai Souk is definitely skippable.

However, on the other side of the Dubai Creek, in the Deira neighborhood, things get more interesting. Near the creek is the entrance to the Dubai Spice Souk. This was once a vibrant, local market, but now seems to cater mostly to tourists. The spices were nice and beautiful all stacked up. Old men lazily pushed their wares begging us to buy, but not in a pushy or aggressive way. It was kind of charming actually.

The Dubai spice market in Bur Dubai.

The Dubai spice market

All of our wandering was just the preview of the main event: the Dubai Gold Souk. We’re read about this place in the 1,000 Places to See Before You Die book. The gold souk is steeped in history and mystery. There’s a rhythm and flow to market that took a while to understand and appreciate.

In the Dubai Gold Souk, the streets are lined with narrow shops and each shop window is packed full of reflective, deep yellow gold. In Dubai, the preferred item of choice is 22 carat gold. It’s a deeper yellow than we’re accustomed to in the United States. But Americans are not the primary buyers in this market. The Dubai Gold Souk caters to the tastes of patrons from Asia, particularly India. As we eavesdropped on some of the conversation, we learned that it is common for families to travel to Dubai and buy large quantities of gold jewelry as dowries for their daughters.

The gold filled windows of the Dubai gold souk.

The gold filled windows of the Dubai gold souk

The Dubai Gold Souk also caters to buys who come from parts of the world where local currencies have little value. Nearly all the shops in the gold souk sell small gold bullion bars. These are a far more stable way to retain value outside of the banking systems.

At all the stores in the gold souk, there are two prices post. The first price is the market price for gold based on weight. That price is uniform across all vendors. The price of gold is the price of gold. The second price is the negotiated price for craftsmanship of the piece, whether it is earrings, bracelets or something else. This craftsmanship price is the one you haggle on.

If the brightly colored 22 carat gold isn’t your style, the gold souk of Dubai does have other items available. It is possible to get some items in 18 carat gold – more common and more acceptable to Americans and Europeans. Yet the gold souk doesn’t sell only gold, as we quickly learned.

Several years ago, my wife and I saw a beautiful sapphire pendant necklace in the Cayman Islands years ago. We didn’t buy it – and we’ve regretted that decision every day since. In the Dubai Gold Souk, we found the perfect sapphire pendant at a store. We spent several hours drinking tea and haggling for perfect deal. We learned quickly that there are no “deals” at the gold souk – they always make money and have sophisticated negotiating strategies. However, in comparison to stores in America or Europe, it was an extraordinary value.

The shops of the Dubai gold souk.

Shops of the Dubai gold souk (photo courtesy of neekoh.fi CC 2.0)

The local souks in Dubai offer a rare opportunity to experience some of the traditional trade culture from this region. Traders have been dealing in spice and gold on the shores of the Dubai Creek for generations. The Dubai Gold Souk is also an opportunity to witness two strong trends in emerging economies: the storage of value in gold and the need to transfer wealth. The gold souk in Dubai may well be one of the most important financial institutions in the world.

Visiting Information for the Dubai Gold Souk

Where: Along Sikkat Al-Khail Street, near the Suq Deira.

When: Stores are generally open Saturday-Thursday from 10:00am-10:0pm and Friday from late afternoon to 10:00pm (Friday hours seem a bit flexible).

Tips: While all stores accept major credit cards, you will find favorable terms for cash.

Cover image courtesy of Joi Ito (CC by 2.0). Note: Some links may be affiliate links, which means Travel Addicts may earn a few pennies if you buy something, which helps offset our costs of web hosting – all at no additional cost to you.






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What do you think about Shopping in the Dubai Gold Souk?

  1. FutureDubaiTraveller June 17, 2009 at 6:13 am #

    stumble over your blog when I was searching for Dubai travel information. I was wondering how convenient it was for you to walk around from Four Point Sheraton Downtown Dubai? I know for mall of the emirates, you’ll need a cab for it, but what about other attractions?

  2. Just Another Travel Blog June 20, 2009 at 10:46 pm #

    DubaiTraveller–thanks for your comment. I’ll try to answer it here.

    The Four Points Sheratown Downtown Dubai is close enough to the Dubai Creek, Mosque and Dubai Museum to walk. That puts you pretty close to the Bur Dubai as well…all walkable, long walks, but walkable (we did it).

    However, nobody in Dubai walks anywhere. It’s usually too hot, cabs are plentiful and very cheap. It’s easy to get a cab at the Four Points Sheraton to get where you want to go. They hotel also has a cab…it’s much more expensive than the local cabs, but it’ll do if you need it.

    Hope that helps.

  3. FutureDubaiTraveller June 22, 2009 at 1:56 am #

    Thanks JATB!
    By the way, I enjoyed reading your blog with those amazing pictures. Definitely gave me some pointers regarding where to travel. Keep it up!

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  1. 8 things to know about Dubai for first-time visitors – a matter of taste – food & travel blog - July 7, 2016

    […] 6. How to negotiate in the gold souk? – by Traveler Addicts […]

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