Dubai · Free Zone
Gold and Diamond Park
Jewelry Manufacturing & Bullion Trading Free Zone, Established 2001
What is Gold and Diamond Park?
118,000 m² jewelry manufacturing and retail complex on Sheikh Zayed Road with 90+ retailers, 350 brands, and 118 manufacturing units. Licensed by JAFZA; located on an Emaar property on Sheikh Zayed Road.
118,000 m² jewelry manufacturing and retail complex on Sheikh Zayed Road with 90+ retailers, 350 brands, and 118 manufacturing units.
Key Features & Benefits
- 100% foreign ownership
- Manufacturing and retail in one location
- 90+ retailers, 350 brands
- 118 manufacturing units, 350 offices
- 3km from Mall of the Emirates
Pricing & Costs
Contact for pricing Year 1 costs, renewals, and multi-year discounts
Pricing & Costs
Contact for pricingYear 1 costs, renewals, and multi-year discounts
Pricing
Gold and Diamond Park — Year 1 Fees
Last verified: May 2026
License Packages ⓘ
Contact for Pricing
- Contact the free zone directly for current license packages and pricing
Note. Multi-year licenses (2–3 years) are typically eligible for a 15–20% discount when paid upfront.
Government Immigration Fees ⓘ
Renewal Fees ⓘ
All prices are in AED and exclude 5% VAT where applicable. Prices may change — verify directly with the freezone authority before making decisions. Last verified: May 2026
Setup & Documents
5-14 days Step-by-step process, timeline, and required documents
Setup & Documents
5-14 daysStep-by-step process, timeline, and required documents
Setup Roadmap
Your journey from application to fully operational business.
Choose Business Activity
Select your business activity and license type from Gold and Diamond Park's approved list
Reserve Trade Name
Submit trade name application for approval
Submit Documents
Upload passport copies, application form, and supporting documents
Pay License & Registration Fees
Complete payment for license and registration fees to Gold and Diamond Park
Receive Trade License
License issued after document verification and payment confirmation
Apply for Visa & Open Bank Account
Submit visa application and business bank account opening
Open for business.
License to Ready: typical timeline
From licence issuance through visa processing, bank account opening, and operational readiness. Estimates based on published rates and typical UAE freezone reported timelines as of May 2026.
Document Checklist
Everything you need to register your company with Gold and Diamond Park.
Individual Shareholders
5 documents
- Valid passport (6+ months validity)
- Passport-size photograph
- Emirates ID (if UAE resident)
- Proof of address (utility bill <3 months)
- NOC from current sponsor (if applicable)
Corporate Shareholders
7 documents
- Certificate of Incorporation
- Memorandum & Articles of Association
- Board resolution authorizing UAE setup
- Valid passport of authorized signatory
- Share certificate
- Good standing certificate
- Apostilled/attested documents (if outside GCC)
- Passport copies must show at least 6 months validity from application date
- Documents from outside the GCC may require apostille or attestation
- Upload high-quality colour scans — minimum 300 DPI
- Corporate documents should be certified as true copies
Banking & Payments
2/5 ease · 3 partner banks Bank account opening, partner banks, and payment setup
Banking & Payments
2/5 ease · 3 partner banksBank account opening, partner banks, and payment setup
Banking
Corporate bank account opening, IBAN issued at setup where supported.
Partner Banks
Emirates NBD
Major UAE bank with comprehensive business banking
Mashreq Bank
Digital-first banking with StartUp packages
RAKBANK
SME-friendly banking solutions
Documents Needed
- Apply to 2–3 banks simultaneously to maximise approval chances
- Prepare a clear business plan explaining your revenue model
- Have 3–5 sample contracts or invoices ready — even drafts work
- Consider digital banks like Wio for faster approval and zero minimum balance
Not sure if Gold and Diamond Park is right for you?
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Why Gold and Diamond Park?
8 key advantages Key advantages that set this free zone apart
Why Gold and Diamond Park?
8 key advantagesKey advantages that set this free zone apart
Why Gold and Diamond Park?
What makes this free zone stand out.
5-14 Day Setup
Standard company formation timeline. In-person visit required for document submission.
3 Partner Banks
Banking rated 2/5 (Challenging). Account opening typically takes 2-4 weeks.
Up to 15 Visas
2 years validity. Dependents allowed. Flexible allocation based on package.
0% Corporate Tax
On qualifying free zone income (QFZP status). 100% foreign ownership with full capital repatriation.
Mainland Trading Access
Multiple pathways to the mainland market including DET Permit and branch licensing.
Dubai Location
Located in Sheikh Zayed Road area, near Mall of the Emirates and Dubai Internet City
Manufacturing and retail in one location
A key advantage of setting up your business in Gold and Diamond Park.
90+ retailers, 350 brands
A key advantage of setting up your business in Gold and Diamond Park.
- Jewelry Manufacturing companies and businesses
- Bullion Trading companies and businesses
- Gemstone Trading companies and businesses
- Jewelry Retail companies and businesses
- Solo freelancers or consultants (more affordable options exist)
- Virtual office seekers (physical office lease is mandatory)
- Businesses seeking transparent, publicly available pricing
- Businesses needing warehouse or industrial facilities
Reviews
4.5★ (4,351 reviews) Customer reviews and alternatives
Reviews
4.5★ (4,351 reviews)Customer reviews and alternatives
Sourced from Google Maps — Last pulled September 2026
Reviews shown are unfiltered. Negative reviews often relate to third-party setup agencies rather than the freezone authority itself.
Disneyland for me. The mall itself is greatly designed, parking access is easy, interior is clean and organised, the amount of shops with all different kinds of jewellery is awesome. All the personnel is friendly, gentle and professional, you will feel super comfortable inside looking at everything (never stressed or pressured). The pieces you can find are out of this world, as a woman, I was (like we say in Spain) “in my salsa”, like a kid in a candy store, and they all have the quality and proof certificates. 100% would recommend visiting and buying here as the setting, location, service and quality-price relation is one of the best in Dubai. Will definitely be back for more!
Visited Gold & Diamond Park and had a really great experience overall. The place is clean, well-organized, and much more relaxed compared to crowded markets like the Gold Souk. There are many shops offering a wide variety of gold and diamond jewelry, from simple everyday pieces to more unique and custom designs.
The Gold and Diamond Park is a fantastic destination for serious jewelry buyers and those interested in bespoke pieces. Located conveniently on Sheikh Zayed Road near the Equiti Metro Station, it provides a structured, air-conditioned environment that is a welcome alternative to the bustle of the traditional Gold Souk. The major draw here is the sheer concentration of specialized retailers, manufacturers, and workshops under one roof (over 90 shops!). This setup makes it ideal for custom work; you can consult directly with the artisans and see your unique design come to life. Many of the shops, like Cara Jewellers, are famous for their craftsmanship and ability to deliver custom-made gold and diamond items quickly, often within days. While the selection of gold, diamonds, and precious stones is vast and certified (ensuring authenticity), the shopping experience is generally more relaxed than the Souk. However, visitors should remember that negotiation is still expected! Don’t pay the first price listed. A few drawbacks include occasional chaos in the visitor parking during busy times and the fact that prices, while competitive for high quality, may start higher than the most basic items found elsewhere. If you are looking for high-quality, certified, and personalized jewelry in a comfortable setting, this is the premier place to go.
Gold and Diamond Park is a no-frills shopping destination with plenty of stores offering “reasonable” prices. As you wander, you'll discover many options that are cheaper than typical malls, making it worth a visit. The design is standard, but it's the gold and diamond selection that adds sparkle. Recommended ✅
Visited this place after reading reviews, but i will give the reality. 1. There are mostly gems n diamonds. There are a lot of good designs and collections. 2. Gold collection is very limited and very hard to find 22k. 3. Do not forget to visit all the shops and take the best rate and check all the collections. 4. Do all the calculations by yourself on your phone as well, sometimes its not what they write like the snapshot i added. The shopkeeper, after all the calculations, gave me 10850. But when i did calculations on my mobile, i got 10460. Upon asking, we did the calculations together, and we got 10460. And then the best thing he came up with was that it was a typo, a typo! We ended up buying from another shop. 5. The best thing is that shopkeepers are not pushy, and they give all the time needed to make the sale.
Review data as of 1 September 2026. For the latest reviews, visit Google Maps.
Find Gold and Diamond Park on Google Maps
View location, hours, photos, and real-time reviews from Google Maps.
Reviews shown on Google Maps are from verified visitors and updated in real-time by Google.
Is Gold and Diamond Park Right for You?
✅ Choose Gold and Diamond Park if you...
- • jewelry Manufacturing companies and businesses
- • bullion Trading companies and businesses
- • gemstone Trading companies and businesses
- • jewelry Retail companies and businesses
🔄 Consider alternatives if you...
- • solo freelancers or consultants (more affordable options exist)
- • virtual office seekers (physical office lease is mandatory)
- • businesses seeking transparent, publicly available pricing
- • businesses needing warehouse or industrial facilities
Compare with Similar Freezones
FAQ
7 common questions Common questions about setting up in this free zone
FAQ
7 common questionsCommon questions about setting up in this free zone
Frequently Asked Questions
Common questions about setting up in Gold and Diamond Park.
How much does it cost to set up in Gold and Diamond Park?
How long does it take to set up a company in Gold and Diamond Park?
How many visas can I get with Gold and Diamond Park?
Can I sell to mainland UAE customers with a Gold and Diamond Park license?
Do I pay corporate tax in Gold and Diamond Park?
Do I need a physical office in Gold and Diamond Park?
How do I open a bank account with a Gold and Diamond Park license?
Related guides
Deeper reading on topics relevant to Gold and Diamond Park.
Free Zone vs Mainland in the UAE: How to Choose the Right License in 2026
When mainland makes more sense than free zone, and three scenarios where it doesn't — covering ownership, tax, and market access.
UAE Freezone Costs 2026: Complete Pricing Guide
Comprehensive guide to UAE freezone costs in 2026 including license fees, visa costs, office space, and hidden charges.
FreezoneMatch provides comparison tools based on publicly available data. We are not affiliated with Gold and Diamond Park. Costs and regulations change — always confirm directly with the freezone authority before making decisions.
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Sources: Gold and Diamond Park official siteDET (Dubai Department of Economy & Tourism)Google Maps reviews Last verified June 2026
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