The 5 Best Money Changers in Dubai

Dubai Travel Guides / October 19, 2016
The 5 Best Money Changers in Dubai Image credit: whitelacephotography

The most important thing you need to know about currency exchange in Dubai is that the dirham, UAE’s currency, is pegged with the US dollar at AED 3.67 per US dollar. This means that you can expect to sell and buy US dollar at non-fluctuating rates of AED 3.66 and AED 3.68 respectively.

Except for the US dollar, other currencies’ rates are dynamic and change regularly.

In Dubai, one can use the money exchange services of banks, hotels, stand-alone money changers or currency exchange chains.

Many travelers prefer to go with money changer chains because they have the best rates and many outlets in good locations. These chains usually offer the same rates across their outlets.

The easiest and most convenient way to get your job done is do it at the malls. Every mall has at least one money exchange branch, which belongs to a reputable money changer chain. The opening hours of these branches are as same as the mall operating hours.

If you are planing to visit Dubai with your traveler’s cheques, just go ahead with your plan. Because this kind of cheques is widely accepted.

To get you more dirhams for your trip, refer to the below list of the best money changers in Dubai. These places are recommended simply because they have good rates and reputation for service quality.

1. Al Ansari Exchange

Al Ansari Exchange Image credit: Al Ansari Exchange

Al Ansari Exchange was listed as one of the Forbes Middle East’s Top Companies in the Arab World in 2015. It also won the Silver Award of the Sheikh Khalifa Excellence Award in 2014.

Al Ansari Exchange opened its first branch in 1966. At this point of time, it has over 170 branches all over the UAE, with more than 70 outlets in Dubai. So there is a high chance that you will come across one of them while touring the city and malls.

Their services include buying and selling foreign currencies, money transfer, and bill payments. Traveler’s cheques are accepted.

Best rates for
– USD
– EUR
– OMR
– INR
– MYR
– QAR
– CNY / RMB
– TWD / NT
– JPY
– PHP
– KWD

Recommended branches
1. Al Ansari Exchange @ Al Barsha
– This is Al Ansari’s main branch.
– Located at Shop No.2, Ground Floor, Al Ansari Business Centre, Al Barrsha 1, Dubai, UAE
– Phone: +971 (4) 501 0500
– Opening hours: Saturday to Thursday 08:00 – 22:00 (Closed on Fridays)

2. Al Ansari Exchange @ Al Fahidi Souk
– This outlet is best for those who plan to shop at Al Fahidi Souk and the nearby Meena Bazaar.
– Located at Shop No. GR94, Ground Floor, Block No. 2, Al Fahidi Market, Al Souq Al Khabeer Area, Dubai, UAE
– Phone +971 (4) 3522704
– Opening hours: Saturday to Thursday 09:00 – 22:00; Friday 16:00 – 22:00

3. Al Ansari Exchange @ Al Ghubaiba
– Located at Al Ghubaiba Bus Station, Bur Dubai, Dubai, UAE
– Phone +971 (4) 3257512
– Opening hours: Saturday to Friday 08:00 – 23:30

4. Al Ansari Exchange @ City Centre Deira
– This branch is situated inside the mall and near other tourist attractions in Deira.
– Located at Shop G09, Ground Floor, City Centre Deira, Dubai, UAE
– Phone +971 (4) 2943334
– Opening hours: Saturday to Friday 09:00 – 24:00

5. Al Ansari Exchange @ Dubai Mall
– This branch is convenient for shoppers and mall-goers at Dubai Mall.
– Located opposite Waitrose Supermarket, Dubai Mall, Dubai. UAE
– Phone: +971 (4) 3253499
– Opening hours: Saturday to Friday 09:00 – 24:00

Note: To check their today-exchange-rates, follow this link

2. Al Rostamani International Exchange

Al Rostamani International Exchange Image credit: Mall of the Emirates

Al Rostamani International Exchange (ARIE) is the first foreign exchange company in Dubai to receive the Dubai Quality Award in 2003.

Its services include currency exchange, money transfer, and credit card payment.

Al Rostamani International Exchange has 16 outlets in Dubai.

Best rates for
– USD
– AUD
– NZD
– JPY
– INR
– SGD
– QAR
– SAR
– PHP
– ZAR
– KWD

Recommended branches
1. Al Rostamani @ Sheik Zayed Road
– It is Al Rostamani International Exchange’s headquarters.
– Located at Al Rostamani Twin Towers, Sheikh Zayed Road, Dubai, UAE
– Phone: +971 (4) 3327444
– Opening hours: Saturday to Thursday 09:00 – 21:00; Friday 16:00 – 21:00

2. Al Rostamani @ Al Fahidi St.
– This branch is located near the Old Souk/Textile Souk of Dubai.
– Located at Al Rostamani Bldg., Al Fahidi St., Bur Dubai, Dubai, UAE
– Phone: +971 (4) 3530500
– Opening hours: Saturday to Thursday 09:00 – 21:30; Friday 16:30 – 21:30

3. Al Rostamani @ Bur Dubai
– Located at Level 1, Al Khaleej Center, Bur Dubai, Dubai, UAE
– Phone +971 (4) 3511125
– Opening hours: Saturday to Thursday 09:00 – 22:00; Friday 17:00 – 22:00

4. Al Rostamani @ Deira
– Located at Al Bader Bldg., Baniyas Road, Deira, Dubai, UAE
– Phone: +971 (4) 2223564
– Opening hours: Saturday to Thursday 09:00 – 21:00; Friday 16:30 – 21:00

5. Al Rostamani @ Karama
– This branch is situated inside the Al Khazna Center near Karama Park and Karama Market.
– Located at Ground Floor, Al Khazna Center, Kuwait St., Karama, Dubai, UAE
– Phone: +971 (4) 3344662
– Opening hours: Saturday to Thursday 9:00 – 21:30; Friday 16:00 – 21:30

Note: To check their today-exchange-rates, follow this link

3. Al Fardan Exchange

Al Fardan Exchange Image credit: Al Fardan Exchange

Al Fardan Exchange UAE was awarded as the 2011 Best Money Transfer Company in the Middle East by the International Association of Money Transfer Networks (IAMTN).

The company is the foreign exchange subsidiary of the Al Fardan Group that traces back its history to 1954. It has 16 branches around Dubai, which offers foreign exchange, remittance, and other financial services.

Best rates for
– USD
– CHF
– GBP
– SGD
– PHP
– NZD
– OMR
– EUR
– SAR
Recommended branches
1. Al Fardan Exchange @ Bur Dubai
– This is the Dubai headquarters of Al Fardan Exchange.
– Located at Ground Floor, Al Zara Techno Centre, Khalid Bin Waleed Road, Al Raffa, Bur Dubai, Dubai
– Phone: +971 4 7090950, 7090955, 7090958, 7090961
– Opening hours: Saturday to Thursday 08:30 – 21:30; Friday 09:00 – 21:30

2. Al Fardan Exchange @ Deira
– This branch is right behind the Deira Twin Towers and near Baniyas Square.
– Located at Al Maktoum Street, Dubai, UAE
– Phone: +971 (4) 2280004
– Opening hours: Saturday to Thursday 08:30 – 22:00; Friday 15:00 – 20:30

3. Al Fardan Exchange @ Deira City Centre
– Located at Deira City Centre, Level 1, Store C27, Baniyas Road, Port Saeed, Dubai, UAE
– Phone: +971 (4) 7090489
– Opening hours: Sunday to Wednesday 09:30 – 22:30;
Thursday to Saturday 09:30 – 24:00

4. Al Fardan Exchange @ Al Qusais
– Located at Damascus Road – Halab Street Junction, Al Qusais Industrial Area 2, Dubai, UAE
– Phone: +971 (4) 2578303
– Opening hours: Saturday to Thursday 08:30 – 21:30; Friday 15:00 – 21:00

5. Al Fardan Exchange @ Hudaiba
– Located at Mankhool St., Dubai, UAE
– Phone: +971 (4) 3988852
– Opening hours: Saturday to Thursday 08:30 – 22:00;
Friday 09:00 – 11:30, 14:00 – 22:00

Note: To check their today-exchange-rates, follow this link

4. UAE Exchange

UAE Exchange Image credit: UAE Exchange

UAE Exchange is among the biggest money exchange chains in Dubai. It was established in 1980 and operates in 31 countries.

The company has more than 60 branches in Dubai, offering foreign exchange, money transfer, and bill payment services. They also have a loyalty program that rewards long-time customers.

UAE Exchange was a recipient of the International Business Excellence Award in 2016.

Best rates for
– CAD
– AUD
– MYR
– JPY
– ZAR
– GBP

Recommended branches
1. UAE Exchange @ Al Qusais
– UAE Exchange’s Dubai Country Office is situated here.
– Located at UAE Country Office Building Shop No. 3, Al Mansoori Building, Damascus Street, Dubai, UAE
– Phone: +971 (4) 2930870
– Opening hours: Saturday to Thursday 08:00 – 22:00;
Friday 08:30 – 11:30, 14:00 – 22:00

2. UAE Exchange @ Deira
– Its location is near to the Gold Souk.
– Located at Naif Road, Nasser Bin Abdul Latif Elsarkal Building, Deira, Dubai, UAE
– Phone: +971 (4) 2268616
– Opening hours: Saturday to Thursday 08:00 – 22:30;
Friday 08:30 – 11:30, 14:00 – 22:30

3. UAE Exchange @ Al Fahidi Station
– This branch is near the historical Al Fahidi Fort and the Dubai Museum.
– Located at Shop No R 40.4, Al Fahidi Metro, Dubai, UAE
– Phone: +971 (4) 3796604
– Opening hours: Saturday to Thursday 08:00 – 23:00; Friday 13:30 – 23:00

4. UAE Exchange @ Al Ghubaiba Station
– Located at Shop No R 40.6, Al Gubaiba Metro, Dubai, UAE
– Phone: +971 (4) 3799895
– Opening hours: Saturday to Thursday 08:00 – 23:00; Friday 13:30 – 23:00

5. UAE Exchange @ Bur Dubai
– Located at Minors Affairs Foundation Building, Dubai, UAE
– Phone: +971 (4) 3537070
– Opening hours: Saturday to Thursday 08:00 – 22:00;
Friday 08:30 – 11:30, 14:00 – 22:00

Note: To check their today-exchange-rates, follow this link

5. Sharaf Exchange

Sharaf Exchange Image credit: Sharaf Exchange

Sharaf Exchange was established in 1996 as part of the Sharaf Group. It has more than 15 branches in Dubai, providing people with currency exchange and remittance services.

Sharaf Exchange also offers 24/7 money transfer service though its strategically located kiosks. Customers need to register for this Western Union tie-up service.

Best rates for
– GBP
– OMR
– USD
– CAD
– EUR
– KWD
– MYR
– INR
– CNY / RMB
– TWD / NT
– RUB (Russian Ruble)

Recommended branches
1. Sharaf Exchange @ Bur Dubai
– It is Sharaf Exchange’s main branch.
– Located at Sharaf Exchange Bldg., Mankhool Street, Bur Dubai, Dubai, UAE
– Phone: +971 (4) 3868092
– Opening hours: Saturday to Thursday 08:30 – 21:00;
Friday 09:00 – 11:30, 16:30 – 21:00

2. Sharaf Exchange @ Jumeirah
– This outlet has its location near many hotels at Jumeirah Beach Residence.
– Al Shams Bldg. Shop No. G-03, The Walk at Jumeirah Beach Residence, Dubai, UAE
– Phone: +971 (4) 4270354
– Opening hours: Saturday to Thursday 10:00 – 22:00; Friday 15:30 – 22:00

3. Sharaf Exchange @ Mercato Mall
– This branch is near Jumeirah Pubic Beach
– Located at Mercato Jumeirah, Mercato Centre, Ground Floor, Dubai, UAE
– Phone: +971 (4) 3421085
– Opening hours: Saturday to Thursday 10:00 – 22:00; Friday 13:30 – 22:00

4. Sharaf Exchange @ Deira
– Located at Sharaf Bldg., Al Musalla Road, Naif Area, Deira, Dubai, UAE
– Phone: +971 (4) 2729888
– Opening hours: Saturday to Thursday 09:00 – 21:00; Friday 17:00 – 21:00

5. Sharaf Exchange @ Satwa
– Located at Ahmed Mohd. Abdulla Building, Satwa, Dubai, UAE
– Phone: +971 (4) 3291113
– Opening hours: Saturday to Thursday 08:30 – 22:00; Friday 09:30 – 11:00, 16:30 – 21:00

Note: To check their today-exchange-rates, follow this link