Jammu and Kashmir Chief Minister Omar Abdullah is also scheduled to attend.
Gulabgarh is a small Buddhist-dominated town in Paddar sub-district, famous for its sapphire mines. It borders the picturesque Zanskar Valley in Kargil district.
"This would the first visit of the Dalai Lama to Kishtwar," Taklha said. The Nobel laureate visited Leh last year.
Jagnat Narboo, president of the Himalayan Buddhist Society, which is organising the visit, said: "The Dalai Lama will attend Kachous (a religious function) at the centuries old Lossany monastery."
He said more than 25,000 Buddhists from Himachal Pradesh and the Ladakh region of Kashmir would converge on the occasion.
The Dalai Lama has lived in India since 1959 heading a government-in-exile based in Dharamsala. India is also home to some 100,000 Tibetan exiles