The UAE — especially Dubai, the "City of Gold" — is home to the world-famous Deira Gold Souk. Shoppers favor 22K and 24K, with a wide range of Indian, Arab, and European designs and competitive making charges.

The dirham is pegged to the dollar at 3.6725, and a 5% VAT applies with tourist refunds available. This makes the UAE a regional hub for both gold trading and retail buying.