Buy Gold · Dubai / UAE · Active Mandate
Buy gold in Dubai, below LBMA spot, direct from Africa.
OnePiece has an active mandate for 10 kilograms of investment-grade African gold at USD 5,000 below the LBMA spot price per kilogram. Export-permitted, independently assayed, carrier-delivered to Dubai or DIFC. Zero VAT applies to investment gold in the UAE.
Dubai's gold market
Dubai is the world's third-largest gold trading hub by volume, after London and Zurich. The Gold Souk in Deira remains one of the most concentrated physical gold retail markets on earth, while the DMCC Gold and Commodities Exchange (DGCX) provides regulated futures and spot trading infrastructure for institutional participants. Major international refineries — Emirates Gold and Al Etihad Gold — operate within the UAE, processing gold from across Africa, Central Asia, and beyond into LBMA-accredited products.
The UAE introduced a 5% VAT framework in 2018 but carved out investment-grade gold, silver, and platinum as exempt. Gold bars, coins, and other investment precious metals meeting purity thresholds — including cast bars at 99.5% or above — carry zero VAT on import and resale within the UAE. For institutional buyers, this makes Dubai a genuinely efficient acquisition jurisdiction: no consumption tax friction on the entry of a compliant physical gold position.
Dubai's position at the intersection of Africa, South Asia, and the Gulf creates a natural flow for African gold. The city has mature logistics infrastructure for precious metals, including secure vault facilities at Dubai Airport Free Zone (DAFZA), Al Quoz, and the DIFC, as well as established relationships with specialist carriers operating the Africa-UAE corridor.
Why Dubai buyers look to African supply
African gold has flowed through Dubai at significant volume for decades. The geographic proximity — West Africa is closer to Dubai than to Singapore or Hong Kong — combined with Arab-African trade relationships built over centuries makes the Africa-UAE channel a natural corridor. Dubai's relatively straightforward import documentation requirements for declared investment gold shipments, combined with zero VAT, reduce the total friction cost of bringing African supply into the UAE market.
For a Dubai-based buyer — whether a dealer, a refinery, or a family office — sourcing directly from Africa at below-spot pricing through a properly documented mandate eliminates the mark-up typically applied by London or Geneva-based intermediaries who acquire the same supply and resell it into the Gulf. OnePiece removes that layer. The buyer transacts directly with the African seller, with OnePiece providing the compliance qualification, documentation assurance, and settlement structure that makes the transaction executable through a formal bank channel.
The embedded discount on this mandate — USD 5,000/kg below LBMA spot — captures a portion of the margin that has historically accrued to the intermediary tier. That margin now belongs to the buyer.
Current mandate — Dubai specification
Metal
Gold (Au)
Quantity
10 kilograms
Form
Investment-grade cast bar — independently assayed
Purity
≥ 99.5% — qualifies for UAE VAT exemption on investment gold
Origin
Africa — export documentation complete
Price
USD 5,000/kg below LBMA PM Fix
UAE VAT
Zero — investment precious metals exemption
Settlement
Bank escrow · Letter of Credit
Delivery
Specialist carrier · Dubai Airport Free Zone / DIFC / nominated vault
Timeline
10 business days from signed agreement
Repeat supply
Monthly / quarterly consignments available
Documentation
Assay cert · Export permit · Insurance cert · AWB
DIFC and institutional buyers in Dubai
The Dubai International Financial Centre concentrates some of the most sophisticated institutional gold buyers in the Middle East. Family offices registered in the DIFC — many managing capital for Gulf royal families, sovereign funds, and ultra-high-net-worth Arab families — allocate to physical gold as a cornerstone asset class. Private banks with DIFC presence, including Julius Baer, Credit Suisse, and Lombard Odier, manage physical gold allocation mandates for regional HNW clients.
Commodity trading houses with UAE licences — Transguard, Kaloti Precious Metals, and MKS PAMP's UAE operations — are among the most active wholesale gold buyers in the region, sourcing from multiple origins and distributing into refinery, retail, and institutional channels. For these buyers, the critical variables are documentation completeness, escrow discipline from the seller side, and carrier credentials that satisfy their own compliance teams' due diligence requirements.
This mandate is structured to satisfy all three. Documentation is complete and independently verified before buyer introduction. Settlement is through bank escrow — funds are held by the escrow agent until the carrier confirms delivery and the buyer confirms receipt. The carrier is a specialist precious metals operator with DMCC and LBMA supply chain integrity credentials. Serious enquiries receive a full documentation summary within hours of initial contact.
Open for Dubai and UAE buyers now.
10kg, USD 5,000/kg below LBMA spot. Zero VAT. Carrier delivery to Dubai or DIFC. Full documentation. Bank escrow. 10-day close.
WhatsApp +60 19-873 8500