A Bird’s Eye View on Dubai Gold & Diamond Park:
Established in 2011, and a treasure trove of some of the world’s finest jewellery, gemstones, precious stones, gold, silver, platinum and high-end personal accessories, Gold & Diamond Park consistently draws residents and tourists in enthusiastic numbers. With its exceptionally convenient location in the centre of Dubai, it is a phenomenon that must be seen to be believed. Jewellery and bullion worth millions can be admired, reviewed and purchased everywhere you turn.
Where is Dubai Gold & Diamond Park located?
Dubai Gold and Diamond Park is located in 4th Interchange, Sheikh Zayed Road, Dubai, UAE.
What is the total built in size of Dubai Gold & Diamond Park?
It is approximately spread around 511,343 Sq.feet in area.
What kind of business happens in Dubai Gold & Diamond Park?
Among the major activities’ gold, diamond, jewellery trading takes place as well as manufacturing and a full fledge office space to run business happens in Dubai Gold & Diamond Park. There are over 90 global leading retailers and brands to choose from which is a truly diverse range of options.
Can you get a custom design of any jewelry at Dubai Gold & Diamond Park?
This is one of the drawing factors of Dubai Gold & Diamond Park. In fact, Customers can choose to have their designs custom-made at the hands of superbly skilled and experienced artisans. You ask for the design and they will get it done.
What are the special features of Dubai Gold & Diamond Park?
Dubai Gold & Diamond park is a unique and thoughtful combination of not merely retail space but also 118 purpose-built manufacturing blocks.
How many office spaces are available at Dubai Gold & Diamond Park?
There are around 350 offices available to choose from at Dubai Gold & Diamond Park.
Who can do use the exclusive Dubai Gold & Diamond Park?
Gold & Diamond Park is an advantageous proposition to jewellers and business people in search of premium commercial leasing opportunities.
What type of business/license allowed at Dubai Gold & Diamond Park?
There are 3 available types of businesses that can use the facilities at Dubai Gold & Diamond Park: They are
- Manufacturing
- Offices
- Retail
What is the typical commercial space offered at Dubai Gold & Diamond Park?
Offices: Having earned a reputation as one of the region’s leading tourist destinations, Gold & Diamond Park continues to progress from strength to strength, effectively providing a premium address and a commerce-friendly ecosystem to all the businesses that operate here. SIZE: 500 sq.ft. – 5,000 sq.ft.
Manufacturing: The selection and quality of products available at the Gold & Diamond Park is like nowhere else in the globe and customers are most welcome to commission their very own designs, taking advantage of the skills and experience of the leading artisans in the world. SIZE: 333 sq.ft. – 1,900 sq.ft.
Retail: Gold & Diamond Park serves as a vital link between jewellery shoppers and retailers, and is Dubai’s preeminent destination for precious metals and gems, as well as craftsmanship that rivals the world’s finest. Jewellery brands enjoy unique benefits that enhance their business initiatives, such as exposure to discerning clientele, purpose-built workshop areas and secure store spaces, while non-jewellery retailers and food & beverage outlets benefit from the tourist and resident traffic that the mall attracts seven days a week. SIZE: 1,000 sq.ft – 7,000 sq.ft.
What are the services offered by the Dubai Gold & Diamond Park?
The following are some of the services offered by Dubai Gold & Diamond Park:
- Assistance for tenants in all government related issues
- Complete free zone facilities and benefits as one avail in JAFZA.
- 100% foreign ownership
- 100% repatriation of capital and profits
- No Corporate taxes
- No income tax
- Strategic location within the heart of Dubai with easy access to all areas
- 24/7 operational freedom
- Hiring of expatriate workers
- Standard security & video surveillance systems are in place
- A retail center with mall type facilities with a wide choice for tourists as well as local shoppers
Corporate tax applicability to the companies in Dubai Gold & Diamond Park:
Corporate tax law is going to be applicable for all the companies registered in UAE including the free zones in UAE. The UAE Corporate tax is going to be effective for the financial year beginning on or after 1 June 2023 for the businesses in UAE. Corporate tax will be levied at zero percent on the taxable income (adjusted net profit) of the businesses in the free zones as long as they comply with all the regulations of the respective free zone and do not do any business with the mainland companies, otherwise there is a possibility of levying 9% corporate tax on the taxable income (adjusted net profit) in excess of AED 375,000. Hence companies in the Free Zones need to make sure that they are complying with all the regulations of the free zone and do not do any business with the mainland entities to enjoy the benefit of zero percentage of UAE corporate tax.
{NOTE: Kindly note that the authenticity of this article is limited to the day of publishing this blog. As policies and rules pertaining to each free zone keeps changing from time to time based on the necessity of the respective authority, it is hereby advised you to check the website of the concerned free zone directly to get the latest update on the same. We do not assume any liability if you have taken any decision based on the information provided in the article. We have ensured that the presented information to the visitor is legible to the maximum extent possible so that all the information is available in one page, at one go. Thank you.}
Why Spectrum Auditing?
Spectrum Auditing is an expert firm in the Company Formation and Company Liquidation process. Our passion and heart lie in serving the clients and we aim at the utmost client’s satisfaction. We are registered Auditors under the Ministry of Economy UAE and also registered Tax Agent from Federal Tax Agency UAE providing dedicated Audit, Accounting, Tax services and various Business Advisory Services complying regulatory requirements.
Reach us to have a frills free life in your journey in Dubai, UAE. We at Spectrum will assist you in taking care of all the legal procedures involved in the registration and de-registration of your company in Dubai Gold & Diamond Park. Call us today for any kind of assistance at +971 4 2699329 or email us at [email protected] to get all your queries addressed. Spectrum is your partner in your success.
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