Tips For Exchanging Money in Dubai

Prepare for an unforgettable trip to the extravagant city of skyscrapers in the Emirates by knowing the best money exchange tips in the city. The major concern of millions of travelers visiting this opulent city is exchanging money in Dubai. Finding the best places to exchange currency in the most populated emirate of the UAE is essential to get the best value for your money.

This article will feature a list of the best locations for currency exchange in the city and effective tips that can assist you in not falling into the traps of hidden fees and scams.

List Of Top 4 Locations For Exchanging Money in Dubai:

1. Exchange Money in Dubai at Dubai Malls:

Renowned for its shopping arenas, including Dubai Mall, Mall of Emirates, and Mercato Shopping Mall, any of these malls can be perfect for exchanging money in Dubai. These opulent shopping arenas are not the destination to shop for world-class luxury items but are home to popular currency exchanges.

Al Ansari Exchange has over 150 branches housed in the city’s famous shopping centers, including Dubai Mall and City Centre Deira. This leading money exchange house is renowned for its quick and cost-effective money exchange services. Other prominent exchange houses in the city are Sharaf, Al Fardan, and GCC exchanges, with multiple branches across luxury shopping arenas in Dubai.

Among the 30 branches of the Sharaf exchange, the branches at Mercato Shopping Mall and Satwa are the most popular. Similarly, the most reliable branches of Al Fardan and GCC exchanges are located in Bur Dubai, the Mall of Emirates, Dubai Festival City, and Deira.

Advantages Of Exchanging Money in Dubai At Dubai Malls:

The most significant benefit of currency exchange at Dubai malls is their ease of accessibility. Also, multiple exchanges in proximity offer you the chance to choose one with the most competitive price.
Dubai is home to a number of amazing shopping malls that are well-liked by tourists and are the best place for fast exchange of money in the city.
The currency exchange houses at Dubai malls can be a convenient option for foreign nationals as they remain open till late at night. It means you can access their services till the closing hours of these luxury malls.

2. Exchanging Money in Dubai at Dubai International Airport:

DXB is renowned as one of the busiest international airports and features luxury amenities, including in-house medical centers, high-end lounges, prayer rooms, fine dining places, etc. You can access currency exchange services at each terminal of the airport. Exchanging money in Dubai right after you land in the city is possible through popular currency exchanges, including Travelex and Al Ansari Exchange at Dubai Airport.

With over 40 years of expertise in currency exchange services, the foreign exchange, Travelex, is a top-rated choice for exchanging money in the city. Its branch at DXB is quite popular due to its ease of accessibility. Another currency exchange house that offers fast and round-the-clock services at the airport is Al Ansari Exchange.

Advantages Of Exchanging Money in Dubai at DXB:

The 24/7 accessibility of currency exchanges at Dubai International Airport makes them a perfect choice for travelers arriving in the city late at night or early in the morning.
Right after your departure in Dubai, you can access the services from the currency exchange houses at DXB airport.

3. Obtaining Cash in Dubai Through ATMs:

A simple yet effective way by which you can quickly get cash in Dubai is by using ATM services. Through your international cards, you can withdraw cash through ATMs, which are located in prominent destinations in the city. Their multi-language support makes them a user-friendly choice for obtaining cash in Dubai.

You can withdraw cash at ATMs of top banks, including HSBC and Emirates NBD, which are spread from hotels and airports to convenience stores and streets in the city. However, before using ATM services, it’s essential to review the withdrawal fees your bank charges for international transactions.

Advantages of Using ATMs:

In Dubai, ATMs of different banks are scattered in different parts of the city. Also, it is the simplest way of obtaining cash in Dirhams.
Similar to airport currency exchanges, ATMs are constantly open. When you need money, you can take it out at any time of day.

4. Exchanging Money in Dubai at Hotels:

The luxury hotels in the glamorous city of skyscrapers, apart from offering opulent accommodations, offer the service of currency exchange. However, the rates there are not as good as those at other exchange options. You can simply get your currency exchanged by giving a call to the hotel’s front desk. Exchanging money at hotels is only good for emergencies and small amounts of cash.

Advantages of Exchanging Money in Dubai at Hotels:

Exchanging cash at hotels is a good option only when you’re in a hurry and don’t have time to find another exchange house.
This allows you to exchange money without leaving your hotel in Dubai.

Can You Use International Cards in Dubai, UAE?

Most of the malls, hotels, restaurants, etc. in the Emirates accept international credit and debit cards. While making payments with your international cards in Dubai, make sure you select payment currency in UAE currency instead of your home currency, as currency conversion involves additional charges added. However, it is preferred to make payments with cash and use cards only for smaller transactions.

Documents Needed For Exchanging Money in Dubai:

To exchange money at any exchange house in Dubai, you need to provide identification proof. Therefore, it is advisable to always carry a Xerox copy of your passport and national ID to facilitate a faster exchange process. Some exchange houses might ask for your local contact and ID proof, so keep these documents handy as well.

Effective Tips to Avoid Hidden Fees and Scams:

Not all the exchange houses in Dubai offer currency exchange at the same rates. So, it’s advisable to compare the additional fees and exchange rates with the current market rate to make an informed decision.
Choose reputable currency exchange providers with a reputation for offering services for exchanging money in Dubai with complete transparency.
Ensure all the additional fees and handling charges the service provider will apply by reviewing their terms and conditions. Also, you can ask for a clear breakdown of different charges before finalizing your transaction.

Conclusion:

From malls to airports, there are numerous locations in Dubai where you can easily access the services of currency exchange. However, it’s essential to carefully review their fee structure and compare their interest rates to avoid hidden fees and scams. It’s not that challenging to exchange money in Dubai if you have researched a little and planned rightly for it. By doing this, you can ensure that you choose transparent currency exchange providers and avoid unexpected deductions.