Since its launch in 2001, The Dubai Gold and Diamond Park has earned a great reputation. Conveniently located on the Sheik Zayed Road, it consists of an air-conditioned retail space for 90 retail shops that have all been leased out. There is a three storey manufacturing block (G+2), with 118 manufacturing units, of varying size from 310 square feet to 1283 square feet. New office space with over 350 offices has been added recently. The customers not only get the unmatched quality but can also get their own designs made here.
The DGDP enjoys strong support from the government, the Gold and Jewelry Group, and the World Gold Council. Having established itself as the business, entertainment and service hub of the Middle East, Dubai has many advantages like the highly diverse economic activities, large number of expatriate population from a wide ethnicity. The real estate sector has been a key driver in Dubai’s development, posting strong growth over the past several years, particularly in the areas of Jebel Ali and Jumeirah
To leverage this growth opportunity the phase two expansion was competed to serve as a significant extension to the existing park. With the substantial increase in the office as well as retail space, DGDP has positioned itself as the most preferred destination for the customers as well as the investor alike.
The DGDP has emerged as one of the most investor friendly environment, offering all the necessary assistance for tenants in all government related issues.
The financial incentives include full Free Zone facilities and benefits exactly as JAFZA. 100% foreign ownership, 100% repatriation of capital and profits, no Corporate taxes, no income tax are a few to name.
The DGDP is located in the most happening part of Dubai; on Sheik Zayed Road; which positions itself strategically and favorably.
The park offers 24/7 operations; with free hand to the investors for hiring expatriate workers. The utility support includes central air conditioning and central gas distribution system to each unit.
The work environment comes with all the health and safety norms as pr the international standards, with proper ventilation systems, exhaust facilities, provision of acid and waste collection and disposal.
24X7 security with video surveillance, fire alarms and fire defense systems, takes care of the safety and security requirements of the tenants. Hallmarking is provided by the Dubai Municipality’s regular pickup services for all gold manufactured and sold from the Gold & Diamond Park.
The park offers excellent retail atmosphere, offering a unique ambience to tourists and shoppers. Shuttle transports are available between the park and 5-star beach hotels.
For a trader to operate from the park, a lease agreement must be entered into , with the park management after paying the annual lease and security deposit.
After getting the lease agreement, the JAFZA license should be applied for with the Jabel Ali Authority, along with the necessary documentation and the license fee. The PRO of the park can handle all these service s for an annual fee. Jabel Ali Authority will issue a certificate of incorporation and a letter to the bank, indicated by the tenant. The tenant should open a bank account and deposit the necessary capital. Once the bank confirms this, license will be issued.
After the license is received, the tenant can apply for No Objection Certificate for issuing employment visas. Once JAFZA grants these visas and the employees arrive in Dubai, process is to be followed for getting the resident visas stamped in passport. After the visa, the ID cards for entering the park must be applied for. After the fit out is completed, the security deposit is returned.