Property developer Ithra Dubai has unveiled Dubai Gold District, home to the world’s first Gold Street, in a bid to form the global capital of the gold and jewellery trade.

The precinct will be built using gold and forms part of the Dubai Economic Agenda, which aims to position the city as a global destination for business and leisure.

It will feature more than 1000 retailers of gold, jewellery, perfume, and cosmetics, combining regional and international businesses.

Joyalukkas Jewellery has also announced plans for a 24,000sqft flagship store in the precinct, set to become its largest in the Middle East.

“Historically, gold played a vital role in the region’s economy,” the Dubai Gold District said. “With traders and craftsmen meticulously designing exquisite pieces that catered to local and international demand.”

“Dubai Gold District remains an enduring symbol of Dubai’s transformation from a small trading port to a global metropolis, bridging the past with the present while continuing to uphold its rich legacy of craftsmanship and trade.”