Dubai is very accessible to tourists, accommodating them in many ways. Finance is no exception. The local currency of the UAE is the Dirham (Dhs / AED), which is divided into 100 fils. Currency exchange can be done without restriction in hotels, exchange offices or banks. The most favorable rate is in banks. The most well-known exchangeable currency is USD, with which direct payments can also be made in shops. However, it is recommended to pay with the local currency. Other currencies such as EUR are also exchanged, but the rate changes daily.
International payment and credit cards are accepted (American Express, MasterCard, Diners Club, Visa). Visa Electron cards can also be used for payment in shops. When asked in which currency the card payment should be made, we always recommend choosing the option to convert to the local currency Dirham.
When negotiating discounts, it is more advantageous to pay in cash and in Dirhams.
Indicative rate in USD, 1 USD = 3.65 Dhs
Indicative rate in EUR, 1 EUR = 3.80 Dhs
When negotiating discounts, it is more advantageous to pay in dirhams and in cash. As in many other Arab countries, merchants in Dubai are also accustomed to bargaining. At various markets, merchants really enjoy bargaining, most prices are deliberately inflated, so that tourists can haggle with merchants over the price. However, at markets and in taxis, it is customary to pay in the local currency.
