Extension will rejuvenate Dubai’s historic heart of commerce and deliver an elevated shopping and trading experience
Ithra Dubai, a leading Dubai-based real estate developer and manager, fully owned by the Investment Corporation of Dubai, has announced the opening of the Dubai Gold Souq Extension (GSE).
In a statement, Ithra Dubai said that the Dubai Gold Souk Extension will rejuvenate Dubai’s historic heart of commerce and reignite Dubai’s reputation as the City of Gold, delivering an elevated shopping and trading experience.
It added that the extension maintains the charm and cultural characteristics of the original souk but offers a more urban experience with shaded walkways, superior facilities including workshops and co-working spaces, covered parking, restaurants, a nearby waterfront promenade, and a range of hotels; catering to residents, entrepreneurs, and tourists from around the world.
Of the 295 shops, over 50 jewellery brands have opened during the soft launch and for the grand opening, more brands and specialty restaurants are setting up shop, the developer said.
Issam Galadari, Director and CEO of Ithra Dubai said: “The Gold Souk Extension is a tribute to Dubai’s legacy of trade, and we are proud to be part of it. The historic significance of this area has been uplifted to provide an enriched experience while accommodating the increasing number of visitors. Located in Dubai’s original trading hub, it will be one of Dubai’s top cultural attractions and the world’s destination for jewellery, revitalising Dubai’s moniker: the City of Gold.”
In line with Dubai’s 2040 Urban Master Plan, this 1,181,025sqft development will transform the Emirate’s legacy into modern reality, supporting trade, tourism, and growth to secure a golden future.
Galadari pointed out that the GSE will be the crowning jewel of the Deira Enrichment Project, a modern mixed-use community developed for residential living, business, commerce, and leisure and features a transportation hub that connects Deira to the heart of Dubai. and ensures superior accessibility to the project.
For her part, H.E Laila Suhail, Board Member & Chairperson – Marketing – Dubai Jewellery Group, said: “In order to push the dominance of Dubai as the Jewellery Destination of the World, Dubai Jewellery Group post covid opening has implemented several initiatives to revive and push the gold sector.
“Sitting in front of the iconic Dubai Gold Souk, and against the backdrop of the Deira Creek, Gold Souk Extension will offer something new and added facilities which will further enhance the Dubai Gold Souk experience,” she concluded.