Dubai’s next big jewelry hub – The Dubai Gold Souq extension – will open its doors in the next few weeks as new retailers and traders set up their shops at the Deira Enrichment Project (DEP). The Dubai Gold Souq extension is situated adjacent to the existing Deira Gold Souq and will allow commercial and retail spaces into the area.
The Dubai Gold Souq extension
The Dubai Gold Souq extension will encompass 295 retail facilities and an additional 255,000 square feet of office space to the already existing 468 residential units. The extension also houses the Maryam and Hind Plazas.
CEO and Director of Ithra Dubai, Issam Galadari, stated that the Gold Souq in Deira has always received the most attraction from tourists and residents. The novel Dubai Gold Souq extension will allow visitors and retailers to witness the traditional and cultural charm of the region.
The new project will witness the establishment of branded jewelers like Malabar Gold & Diamond, Al Romaizan Gold & Jewelry, Dhakan Jewelers, and Al Kanz Jewelry. A new-fangled RAK Bank branch is also set to begin operations in the area.
Ithra Dubai stated that the overall trade efficiency will also increase in value for both existing and newly established traders. Workshops, exchange houses, training centers, bullion dealers, serviced offices, co-working spaces, F&B outlets, and banks will be given extended access to parking spaces and public transportation facilities.
The extension is dubbed to feature new bridges, dappled walkways, and open passages to facilitate enhanced connectivity. The extension will also feature infrastructure that allows hassle-free transportation through public transportation centers that are bridged to residential and commercial sites. A surge in parking capacity with approximately 1,100 basement parking spaces and 640 spaces in storied car parks is predicted to allow free-flowing movement in the area.
All in all, the Deira Enrichment Project will encompass more than 8,500 car parking niches to billet visitors and residents.
