Millions of people worldwide go to Dubai annually to experience the city’s wealthy retail establishments, breathtaking buildings, and exciting culture.
One of the most important decisions you’ll have to make while packing for a trip to Dubai is what currency to bring.
While the UAE dirham is the legal tender in Dubai, many tourists want to know if they can get by with US dollars instead.
In this post, we’ll look at whether or not dollars are accepted in Dubai and offer some helpful advice for making the most of your money while you’re there.
Does Dubai Accept Dollars?
The United States dollar is widely accepted in Dubai. Do your homework beforehand because the conversion rate may differ based on where you make the trade.
To prevent being taken advantage of by poor exchange rates and hidden fees, converting your dollars to dirhams at official exchange facilities or banks is best.
Hotels, restaurants, and large shopping centers are just a few examples of places where foreigners can use US dollars without issue.
Some dirhams might be handy for smaller purchases like taxi trips and street food.
In essence, it is wise to have some cash in the local currency and be prepared for little purchases in any currency.
Despite widespread acceptance of the US dollar across Dubai, visitors should bring local cash, particularly for minor purchases.
If you do your homework and only deal with reputable exchange bureaus or banks, you can avoid paying excessive fees or receiving unfavorable exchange rates.
Your time in Dubai will be much more enjoyable if you come prepared with this knowledge about handling your currency exchanges.
Best place to Excahange USD in Dubai
1. Al Ansari Exchange
Al Ansari Exchange is the city’s largest money exchange, with more than 73 locations around Dubai.
You will surely come upon one throughout your travels across the city. The prices are the lowest, and it’s risk-free.
It has also been recognized with several awards, most notably the 2015 Forbes Middle East Top Companies in the Arab World award.
They act as a money transfer service, exchange currency, and take traveler’s checks.
You may conduct business with them in person, via their website, or mobile app.
2. Western Union
Western Union is another excellent choice if you need to make a currency transaction.
They offer members a variety of bonuses and perks on top of the standard services.
Lucky draws with substantial cash rewards are held frequently, and you may enter them.
Around all of the city’s most popular attractions, you’ll find a wide variety of shopping options.
3. Al Rostamani International Exchange
Since its inception in 1998, it has won more than ten honors. Because of how much they value their customers, they have seen their loyalty and revenue growth.
Foreign exchange, retail remittance, and further services are available via Al Rostamani International Exchange (ARIE).
Among the many places to convert money in Dubai, ARIE stands out for its reliability and extensive network of locations (16 malls, high streets, & airport terminals).
4. Al Fardan Exchange
Almost 150 international financial institutions are connected to Al Fardan Group’s network.
Since its founding in 1958, the company has steadily built a solid reputation for quality and dependability.
While their INR exchange rates aren’t the best, they are the best option for converting USD, CHF, and EUR.
Transferring funds, exchanging currency, purchasing prepaid cards, sending money online, processing payroll, and more are available here.
How many dollars can you bring to Dubai?
The United Arab Emirates has a very effective framework to prevent and investigate financial crimes, including money laundering.
While entering or leaving the United Arab Emirates, each traveler must complete a customs declaration form and submit it to the relevant authorities.
The United Arab Emirates (UAE) has implemented a cash and financial instrument declaration requirement for all visitors entering or leaving the country in accordance with international standards and best practices.
Carrying a large sum of cash is not prohibited.
Although there is no hard and fast rule on how much US currency you may bring into Dubai, bringing at least as much cash as you anticipate using during your stay there is prudent.
Credit cards, debit cards, and traveler’s checks are commonly accepted across Dubai.
It would be best if you also inquired with your financial institution or credit card provider about any costs or limitations associated with purchasing in Dubai.
If you want your time in Dubai to go off without a hitch, it’s smart to prepare ahead financially and bring a combination of cash and credit cards.
How to exchange USD in Dubai?
If you’re planning to exchange USD in Dubai, there are a few things to remember to ensure a smooth and hassle-free transaction.
Here are some steps to follow when exchanging USD in Dubai:
Check the exchange rates: It’s always a good idea to compare the exchange rates offered by different currency exchange offices to ensure you get the best deal possible.
You can check the rates online or by visiting a currency exchange office in Dubai.
Please bring your passport: A valid passport is required to exchange currency in Dubai, so make sure to have it with you when you visit a currency exchange office.
Visit a currency exchange office: There are numerous currency exchange offices throughout Dubai, including at the airport, shopping malls, and tourist areas.
You can exchange currency at banks or hotels, but they may charge higher fees.
Decide on the amount to exchange: You can exchange as much or as little as you need, but remember that some currency exchange offices may have a minimum or maximum amount you can exchange.
Complete the transaction: Once you have decided on the amount to exchange, present your passport and the cash to the exchange teller.
After completing the transaction, you will receive the equivalent amount in dirhams.
Keep the receipt: It’s important to keep it from the currency exchange transaction, as it may be required when you leave the country or for future currency exchanges.
Conclusion
Dubai’s official currency is the United Arab Emirates dirham, although visitors will find that many hotels, restaurants, and shops also take US dollars.
But remember that exchange rates may differ depending on where you convert your cash; it’s best to do your homework before you go.
You should also carry some dirhams if you need to make a modest purchase or deal with a vendor that does not accept US dollars.
Your time in Dubai will be much more enjoyable if you come prepared with this knowledge about handling your currency exchanges.
References
- How to exchange your currency in Dubai? Check documents needed & other details. (2022, August 26). Hindustan Times. https://www.hindustantimes.com/business/how-to-exchange-your-currency-in-dubai-check-documents-needed-other-details-101661501557273.html
- What is the Best Currency to Take to Dubai? (n.d.). What Is the Best Currency to Take to Dubai? https://www.visitdubaishoppingfestival.com/what-is-the-best-currency-to-take-to-dubai/
- How Much Cash Can I Carry from India to Dubai? (2023, February 20). Care Health Insurance. https://www.careinsurance.com/blog/travel-insurance-articles/how-much-cash-can-i-carry-from-india-to-dubai
- Currency in Dubai (2023) – Exchange Rate for Dirham, Dubai Currency. (n.d.). Currency in Dubai (2023) – Exchange Rate for Dirham, Dubai Currency. https://www.holidify.com/pages/currency-in-dubai-1851.html
