Gold and Diamond Park Dubai: Shops, Metro, Timings and Gold Prices
Quick answer: Dubai’s Gold & Diamond Park is an indoor jewellery mall on Sheikh Zayed Road in Al Quoz, with more than 90 gold and diamond shops. It sits right next to Equiti metro station on the Red Line, has free parking, and prices gold from the same daily UAE rate as the souks. At 12:30 UAE time on Wednesday, 4 November 2026, the world market price of 22K gold in the UAE is AED 436.01 per gram, AED 5,085.53 per tola and AED 4,360.10 for 10 grams, equal to US$118.72 per gram.
Gold Price in UAE Today (AED per gram)
| Karat | Purity | Per Gram (AED) | Per Tola (AED) | Per 10g (AED) | Use |
|---|---|---|---|---|---|
| 24K | 99.9% | 475.63 | 5,547.65 | 4,756.30 | Investment / Bars |
| 22K | 91.6% | 436.01 | 5,085.53 | 4,360.10 | Jewellery (most popular) |
| 21K | 87.5% | 416.17 | 4,854.12 | 4,161.70 | Traditional Jewellery |
| 20K | 83.3% | 396.34 | 4,622.83 | 3,963.40 | Jewellery |
| 18K | 75.0% | 356.72 | 4,160.71 | 3,567.20 | Designer / Affordable |
GoldRateUAE wrote this guide to Gold and Diamond Park in Dubai for shoppers who want a quieter, air conditioned alternative to the old souks. The live table above shows today’s rate per gram, which every jeweller in the park starts from.
The park is part of the Emaar portfolio and sits close to the junction of Sheikh Zayed Road and Umm Suqeim Road. Its location in new Dubai makes it convenient for residents of Al Barsha, Jumeirah, Dubai Marina and nearby areas.
Where Is the Park and How Do You Get There?
The park is in Al Quoz, on the inland side of Sheikh Zayed Road. Equiti metro station on the Red Line is immediately next to it.
The station opened in 2010 as First Gulf Bank and has been renamed several times, so older maps may show First Abu Dhabi Bank or Umm Al Sheif. It has been called Equiti since April 2022.
| Detail | Information |
|---|---|
| Area | Al Quoz, on Sheikh Zayed Road |
| Metro | Equiti station, Red Line |
| Older station names | First Gulf Bank, First Abu Dhabi Bank, Umm Al Sheif |
| Parking | Free, with several hundred spaces |
| Shops | More than 90 gold and diamond stores |
Opening Hours at the Park
Most shops open from about 10 AM to 10 PM through the week. On Fridays, many open later in the afternoon, around 4 PM.
Hours vary between shops and can change during Ramadan. If you plan to visit a particular store, check its hours first.
Which Jewellers Are in the Park?
The park mixes large UAE and Indian chains with independent jewellers and diamond specialists. Stores listed by Dubai Online include Damas, Joyalukkas, Malabar Gold and Diamonds, Pure Gold, Kanz Jewels and Tejori Gems.
Many shops offer custom jewellery and repairs, and Emaar notes that visitors can watch artisans making pieces. That makes the park popular for engagement rings and made to order designs.
| Type of store | What they are known for |
|---|---|
| Large chains | Fixed price lists and brand certificates |
| Independent jewellers | Custom designs and repairs |
| Diamond specialists | Certified stones in 18K settings |
How Are Prices Set at the Park?
The daily gold rate per karat is the same here as in the Deira Gold Souk, Meena Bazaar and the malls. Totals differ because of the making charge for each design and the price of any stones.
Jewellery carries 5% VAT on the gold and making charge, while investment bars and coins of at least 99% purity are zero rated. Our guide to gold making charges in the UAE explains how charges are set.
| Part of the bill | What it covers |
|---|---|
| Gold value | Weight × the day’s rate |
| Making charge | Craftsmanship of the design |
| Stones | Priced separately, often with a certificate |
| VAT | 5% on jewellery |
Diamond Jewellery and Gross Weight
Much of the jewellery in the park is set with diamonds, so the tag may show a gross weight that includes stones. The gold value should be worked out on the net gold weight only.
Our guide to gross weight vs net weight explains how to read a tag, and the UAE gold hallmarks guide shows what purity stamps mean.
A Worked Example: 18K Diamond Ring
Take an 18K ring with 4 grams of gold at an illustrative rate of AED 385 per gram. The gold is worth AED 1,540.
Add a making charge of AED 300 and a diamond priced at AED 2,000, and the subtotal is AED 3,840. With 5% VAT, the total is AED 4,032.
Use today’s live 18K rate above in place of AED 385, or the gold price calculator for Dubai for any weight.
The Park Compared With the Old Souks
The Deira Gold Souk and Meena Bazaar are open air markets with narrow lanes, while the Al Quoz park is a single indoor building with parking at the door. The souks have more shops; the park is quieter and closer to new Dubai.
Our Gold Souk vs Meena Bazaar vs malls guide covers the older shopping areas in detail.
Frequently Asked Questions
Which metro station is closest to the park?
Equiti station on the Red Line is right next to the park. It was previously called First Gulf Bank, First Abu Dhabi Bank and Umm Al Sheif.
Is parking free at the park?
Yes, Emaar lists free parking at the park.
How many shops are in the park?
Emaar lists more than 90 gold and diamond jewellery shops.
Is gold cheaper there than in the Gold Souk?
The gold rate per karat is the same across Dubai. Totals differ by making charge, stones and design.
Visiting Gold and Diamond Park in Dubai
Before a visit to Gold and Diamond Park in Dubai, check the live gold rate on this page, ask for the net gold weight on diamond pieces, and get the making charge in writing. An itemised invoice keeps the comparison clear.
This page gives general visitor information and is not financial advice. Store lists and hours are set by each jeweller and can change.
Sources: Emaar’s page for the Al Quoz jewellery park, Equiti metro station on Wikipedia and Dubai Online jewellery park guide.
