Dubai Gold and Diamond Park is located on Sheikh Zayed Road. It is one of the most dynamic highways in the UAE, which connects all the major trade hubs in the country. Whether you are a retailer or trader, Dubai Gold and Diamond Park is one of the most attractive and best free zones for opening a business.
Gold & Diamond Park opened in 2001 and was later expanded. It remains a purpose-built jewellery retail and workshop complex on Sheikh Zayed Road. That makes Dubai a trading hub for the world’s finest gold, silver, Platinum, gemstones, and precious stones for personal accessories.
Business activities at Dubai Gold & Diamond Park are managed by JAFZA under a 2020 agreement with Emaar Mall. This business hub offers a secure and profitable ecosystem to establish itself. If you are looking to start a business in Dubai gold in 2026.
You will get immense benefits. Including 100% foreign ownership, tax advantages, and access for both retail customers and global traders. It’s time to turn your dream Idea into reality. All you need is to understand the step-by-step process. The real cost and the compliance requirement.
Why Open a Retail Business in Dubai Gold & Diamond Park?
Dubai’s reputation as a global jewellery hub is recognized worldwide. The UAE attracts millions of visitors annually. Many of the visitors came specifically for gold shopping. It is due to their competitive prices, tax advantages, and guarantees of quality.
The Dubai Gold and Diamond Park is located in a free zone. It is combined with retail showrooms, workshops, and offices within one secure zone.
Benefits of business in Gold Park, UAE
Here are the best benefits of setting up your business in Dubai Gold and Diamond Park.
- It gives you 100% foreign ownership. The investor can own their business without needing a local partner.
- Provides you with a full capital and profit repair margin. Being an entrepreneur, you can freely transfer the profit and capital abroad.
- You will get a tax-free environment. For example, no personal income tax and customs advantages for re-export. Note: Sales into the mainland UAE are subject to import duties.
- They will also provide you with world-class facilities. Including retail outlets, secured vaults, and workshops. Refining is provided by specialised companies in Dubai, not by the park directly.
- It is located on Sheikh Zayed Road. That means easy access to Dubai’s commercial and tourist districts.
- It has the potential to be a networking hub. You will connect with a thriving community of Jewellers, traders, and manufacturers
Types of Trade Licenses in Dubai Gold & Diamond Park (Retail, Trading, Manufacturing)
It’s Important to have a trade license to carry out business in Dubai. To start a jewellery business in Dubai Gold Park, you need a license from JAFZA. Before setting up your business in Dubai Gold and Diamond Park, you need to apply for a trade license.
You can get advice from business setup Consultants on how to obtain a business license. Here are the following types of licenses depending on your business activities.
1. Retail License
The retail license is required if you want a retail outlet in Gold Park, UAE. It is for selling gold, diamonds, and jewellery directly to the customers.
2. Trading License
A trading license is suitable for bulk trading and B2B transactions. You can get this license for the import, export, and precious stones.
3. Manufacturing License
Manufacturing licence is for the companies that are engaged in jewellery production, refining or design. This license provides access to secure manufacturing clusters.
4. Service License
A service licence is important for consultancy, appraisal, and support services related to jewellery.
How to Open a Retail Outlet in Dubai Gold & Diamond Park
You can follow these steps to open a retail outlet in Dubai Gold and Diamond Park. The process is simple if done correctly. Here is a simple road map
1. Choose a Business Structure
- FZE (Free Zone Establishment): For a single shareholder.
- FZCO (Free Zone Company): For two or more shareholders.
2. Trade Name Reservation
- After choosing a business structure, you have to select a unique name for your company. The name must follow JAFZA’s naming rule. Try to avoid religious or political references.
3. Initial Approval & License Application
- For the business approval, you have to submit your business activity details, including trading, retail, and manufacturing. Apply and select the specific license you need.
4. Document Submission
You have to follow the legal rules to set up the business. The following documents are required for the license and business setup.
- Passport copies of shareholders.
- Completed application form.
- Business plan.
- Memorandum of Association (MOA).
5. Ejari Registration
- To secure your retail space in Gold and Diamond Park, you need a lease agreement. Sign a lease agreement with Emaar/JAFZA (the zone authority). Free zones don’t use Ejari; they register tenancy directly with the zone’s system.
6. Capital Requirement
- Minimum share capital typically starts from AED 100,000, but confirm the live requirement with JAFZA as it may vary by structure (AED 100k–300k). Proof of capital is often required during incorporation.
7. License Issuance & Final Registration
- Then, for the license issuance and final registration, you have to pay government and registration fees. Collect your official retail license in Dubai Gold Park.
Once your license is issued. Now you can begin the process of fitting out your shop and preparing for operations.
Retail Outlet Fit-Out Regulations
There are specific fit-out guidelines to maintain the quality and safety of your business in Gold and Diamond Park.
- Retail units must comply with fire and safety standards.
- Interiors should reflect Dubai’s reputation for luxury retail.
- Approvals must be obtained before making structural changes.
- Jewellery stores may need additional security measures such as vaults and CCTV.
Benefits of Opening a Jewellery Store in Gold Park
Opening a jewellery business in Dubai Gold Park can give you long-term benefits
- You get Direct Access to local and international customers
- Linked with Dubai most prestigious jewellery hub
- Secure options through a legal Framework under JAFZA
- Access to Hallmarking
- World-class services for Quality Assurance
- Easy visa process for staff
- Better scale operation and trading for the future
License Cost in Dubai Gold & Diamond Park
The cost of setting up a business in Dubai Gold and Diamond Park depends on the license type. The space size and the visa quota. Here is an average breakdown
Cost Component and Estimated Amount (AED)
- License Fee (Retail): 15,000 – 25,000
- Registration Fee: 10,000 – 15,000
- Share Capital: 100,000 (minimum)
- Lease Agreement (per year):30,000 – 80,000 (depending on size)
- Visa Fee (per person): 3,000 – 5,000
It’s a smart move to open your business in Dubai and Diamond Park in 2026. It’s a golden opportunity if you are looking to enter the gold and jewellery industry. The UAE government gives you support, tax-free benefits, and a Prime retail location. The business park offers a competitive profit for entrepreneurs.
Get Expert Help to Register Your Jewellery Business in Dubai Gold & Diamond Park
If you’re planning to open a retail business in the Dubai Gold and Diamond Park in 2026. Do not take a Chance with paperwork delay or hidden costs. At Bestax Chartered Accountants, our team of expert accountants and business setup consultants has helped countless entrepreneurs establish successful jewellery businesses in Dubai.
The process looks simple on paper, but can be overwhelming without expert guidance. From the licence application and trade name approval, Bestax handles the entire process. So you can focus on growing your business. Whether it is not first jewellery shop or you are expanding your business internationally, Bestax Dubai is your trusted partner in turning your gold business vision into reality.
Quick FAQs
1. Can I open a retail business in Dubai Gold & Diamond Park?
Yes, being a foreign investor, you can fully own a retail outlet in Dubai Gold and Diamond Park in the free zone.
3. How much capital is required?
You need at least AED 100000 share capital for the setup of a business in Gold and Diamond Park Free Zone.
4. Are hallmarking facilities available?
Yes, in Dubai, Gold and Diamond Park City offers you in-house hallmarking and refining services for business.
5. Do I get 100% ownership?
Yes, in all free zone companies, you can get 100% foreign ownership and repatriation of profits.
2. Which licenses are available in the Gold & Diamond Park Free Zone?
The license you need depends on your requirements and business size. The license includes trading, retailing, service licenses, and manufacturing.
Disclaimer: The information provided in this blog is for general informational purposes only. For professional assistance and advice, please contact experts.
