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| Dubai Gold
& Diamond Park |
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Horwath Mak business consultants can facilitate in
setting up business at Gold & Diamond Park
Free Zone. The Gold and Diamond Park consists
of an enclosed air-conditioned ground floor retail
facility housing 37 retail shops that are fully
leased. It also contains a three storey manufacturing
block (G+2), with 118 manufacturing units. The
units range in size from 310 square feet to 1283
square feet.
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All 37 retail outlets and 118
manufacturing units are operational. Some outlets
are only found exclusively at the Gold & Diamond
Park, such as Prestige Gallery which retails Purple
Gold jewellery.
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| The Park enjoys full support from the World Gold
Council, the Dubai Gold and Jewellery Group and
The Diamond Trading Company. |
| EMAAR Properties PJSC has a long-standing agreement
with Jebel Ali Free Zone that extends all Free Zone
facilities to the Gold & Diamond Park, specifically
100% foreign ownership. Jebel Ali Free Zone also
assists in visa application and processing. |
| All units have been leased and are now on a wait
list basis. |
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Facilities offered |
Retail outlets
(288 Sq. ft)
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Pre-built
Manufacturing unit
(1000 Sq. Ft)
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Show rooms
(6500 sq. ft – 9,300 Sq. ft)
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Office units
(740 Sq. ft-2,300 Sq. ft)
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| Rental Per annum |
US$ 68.20 Per Sq. foot (AED 250) plus service
charges |
US$ 84.55 per Sq. foot (AED 310) |
US$ 49.30 per Sq. Ft (AED 180)Plus service
charges |
US$ 41 per Sq. foot (AED 150) |
| Lease period |
One year, annually renewable |
One year, annually renewable |
One year, annually renewable |
One year, annually renewable |
| Possible legal entities |
Branch of a foreign company (Including offshore
company |
Branch of a UAE company |
FZG
Single / Multiple shareholding)
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| Capital-cash physical |
None |
None |
US$ 27,270
(AED 100,000)
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| No of shareholders |
- |
- |
Minimum one shareholder, if
more than one shareholder the capital can
be divided as US$ 13,635 (AED 50,000) each |
| Formation fee |
None |
None |
None |
| Types of license issued |
Trading license |
Manufacturing license |
| License fee |
US$ 1,500 (AED 5,500) |
US$ 1,500 (AED 5,500) |
| Business Segments |
Gold and Diamond trading:
Designing, Manufacturing and crafting of gold
and diamond jewelries.
Unlike other free zones gold and diamond park
offers retail shopping facility for shoppers.
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| Ownership |
100% |
| Visas |
Depends on the size of the space
leased |
| Company formation period |
5- 10 days |
| Other info |
Registration, licensing and
via formalities with respect to an entity
are controlled by JAFZA.
Facilities of the park are managed by Emaar
properties.
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| © Copyrights
2008-2009, Horwath Mak Business Consulting |
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