Planning to buy gold in Dubai but dont want to pay the full amount upfront? Gold saving schemes also called gold installment plans offered by major jewelers in Dubai allow you to pay monthly and receive gold jewelry or coins at the end of the term — often with bonus benefits. But with so many schemes available, which one actually gives you the best value?
In this comprehensive guide, well compare the top gold saving schemes in Dubai for 2026, break down how they work, and help you choose the plan that maximizes your investment. Before we dive in, you can check gold rate dubai today to understand current gold rates and plan your monthly budget accordingly.
What is a Gold Saving Scheme?
A gold saving scheme is an installment based program where you commit to paying a fixed monthly amount typically for 11 months, and the jeweler adds a bonus usually equivalent to one months payment. At the end of the scheme, you can redeem your total savings to purchase gold jewelry or coins at the current 22k gold price in dubai.
How it works:
- You choose a monthly payment amount e.g. AED 500, AED 1,000, AED 2,000
- You pay this amount for 11 consecutive months
- The jeweler adds a 12th months payment as a bonus your benefit!
- After 11 months, you have 12 months worth of value to spend on gold
- You purchase gold jewelry at the prevailing gold rate on maturity date
Example: If you pay AED 1,000month for 11 months, you contribute AED 11,000. The jeweler adds AED 1,000 as bonus. You now have AED 12,000 to spend on gold — thats a 9% return on your investment!
Top 5 Gold Saving Schemes in Dubai 2026
1. Malabar Gold & Diamonds — Golden Harvest Scheme
Bonus: 100% equivalent to 1 months payment
Duration: 11 months
Minimum Monthly Payment: AED 200
Special Features: Flexibility to skip one month if needed
Best For: Regular buyers who want flexibility. Malabar is one of the most trusted names in Dubais gold market, and their Golden Harvest scheme offers the standard 111 structure but with the added benefit of allowing you to skip one installment during the year without penalty.
How to Join: Visit any Malabar Gold showroom in Dubai with Emirates ID and passport. No credit check required.
2. Joyalukkas — More for You Scheme
Bonus: 100% + additional discount vouchers
Duration: 11 months
Minimum Monthly Payment: AED 250
Special Features: Extra vouchers for making charges discounts
Best For: Buyers focused on intricate jewelry designs. Joyalukkas not only gives you the standard 1 month bonus but also provides discount vouchers that reduce making charges the labor cost for creating jewelry, which can save you an additional 1015% on complex designs.
Redemption: You can redeem your accumulated amount for 22K or 24k gold price in dubai today 22 carat gold, but the making charge discounts apply mainly to ornate jewelry pieces.
3. Kalyan Jewellers — Kalyan Muhurat Scheme
Bonus: 100% to 110% varies by payment amount
Duration: 11 months
Minimum Monthly Payment: AED 300
Special Features: Higher bonus 110% for payments above AED 2,000month
Best For: High value investors. If you can afford AED 2,000+ per month, Kalyans enhanced bonus structure gives you an effective 10% return instead of 9%, making it the most lucrative scheme for larger investments.
Unique Advantage: Kalyan allows you to transfer your scheme to family members if your circumstances change.
4. Damas Jewellery — Damas Gold Savers Plan
Bonus: 100%
Duration: 10 months shorter!
Minimum Monthly Payment: AED 500
Special Features: Shortest scheme duration in Dubai
Best For: Buyers with near term purchase plans. If youre planning a wedding or special event within a year, Damas 10 month scheme means you can access your gold one month earlier than competitors 11 month plans.
Trade off: Higher minimum payment AED 500 vs AED 200300 elsewhere, but faster maturity.
5. Joy Alukkas — Joy Plan
Bonus: 100%
Duration: 11 months
Minimum Monthly Payment: AED 200
Special Features: Multiple enrollment — you can start multiple schemes simultaneously
Best For: Strategic savers. Joy Alukkas allows you to open multiple saving schemes under your name, which is useful if youre planning purchases for different family members or want to diversify your gold buying over time.