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GCC Exchange

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Currency Exchange & Money Transfer

Deira, Dubai

About

GCC Exchange is a CBUAE-licensed foreign exchange and remittance company headquartered on Baniyas Road in Deira, Dubai. The company has built a strong reputation for competitive rates and efficient service, particularly for transfers to the Indian subcontinent, Philippines, and African countries. GCC Exchange serves both individual and corporate clients with a comprehensive range of currency and payment services designed for the UAE's diverse expatriate population.

Key Services

GCC Exchange provides foreign currency exchange, international money transfers, demand drafts, utility bill payments, and corporate FX solutions. The company offers multiple transfer methods including direct bank credits, cash pickups, and mobile wallet transfers across 100+ countries. Their corporate division handles WPS payroll processing, bulk remittances, and trade-related foreign exchange for businesses. For real estate investors, GCC Exchange facilitates large-value currency conversions with competitive spreads and can process same-day transfers for time-sensitive property transactions.

Why Choose GCC Exchange

GCC Exchange's Deira headquarters on Baniyas Road places it in the heart of Dubai's traditional business district, providing easy access for the area's dense commercial community. The company's dedicated customer care team provides support in multiple languages, and their competitive pricing on popular currency pairs makes them a practical choice for regular remitters. Their CBUAE compliance and established correspondent banking network ensure reliable and secure processing for all transaction sizes.

Services Offered

Key services GCC Exchange provides for currency exchange & money transfer clients in Dubai:

International money transfer / remittance (telex transfer, EFT, demand draft, SWIFT)
Foreign exchange and currency notes (buy/sell major currencies)
GCC Remit global money transfer network
Instant money transfer (Western Union, Ria, Instant Cash and partner networks)
Online money transfer via Web TT platform and mobile app
Wages Protection System (WPS) salary processing for businesses
Corporate payroll, cash collection and payment solutions
Corporate foreign exchange for businesses
VAT payment processing
Mobile recharge / top-up

Areas of Dubai Covered

GCC Exchange serves the following areas across Dubai:

UAE-wide branch network Global remittance reach via GCC Remit and partner agent networks

Why Choose GCC Exchange

  • Established 2005 in Deira, Dubai — a long-standing UAE exchange house that has grown to a 24-branch UAE network.
  • Global remittance reach through GCC Remit and partner agent networks, plus subsidiaries in the UK, Hong Kong, Seychelles, Fiji and Singapore.
  • Multiple transfer channels — branch counter, Web TT online portal, and mobile app for sending funds.
  • CBUAE-licensed and a SWIFT member for international bank transfers.
  • WPS payroll specialist, one of the trusted exchange houses for UAE salary processing.

How GCC Exchange Works

  1. 1

    Choose your channel

    Visit a GCC Exchange branch, or register on the mobile app / Web TT online portal to transact remotely.

  2. 2

    Provide transfer details and documents

    Supply your Emirates ID and the beneficiary bank or account details; large international transfers require standard KYC verification.

  3. 3

    Confirm currency, rate and fees

    Review the exchange rate and service charge for your transfer before approving it.

  4. 4

    Send and track

    Funds are remitted via SWIFT or the relevant partner network, and you receive a reference to track the transfer.

Business Profile

Established 2005 (21+ yrs)
Company Size Large (51-200)
Languages English, Arabic
Hours Standard hours (Sun-Thu)

Hours and pricing may change — confirm directly with the business before engaging.

Licenses & Certifications

Licensed by Central Bank of the UAE (CBUAE)
CBUAE-Licensed Exchange House
Central Bank of the UAE (CBUAE)
Verify

Licenses and certifications are subject to renewal. Verify current status with the issuing authority before engagement.

Frequently Asked Questions

Can I transfer money from abroad to buy property in Dubai through GCC Exchange?

GCC Exchange handles international money transfers and foreign exchange. For inbound transfers to a Dubai property purchase, large cross-border payments typically settle through SWIFT bank transfers into the developer or escrow account; confirm the exact accepted channel, documentation and limits with a branch before arranging a high-value property payment.

How do I send a large sum to a Dubai developer or escrow account?

Large transfers are processed via telex/SWIFT bank transfer using the beneficiary account details. Bring your Emirates ID and the destination bank details. High-value transfers are subject to standard KYC/AML verification, so allow time for compliance checks.

Is GCC Exchange regulated by the Central Bank of the UAE?

Yes. GCC Exchange is a UAE exchange house licensed by the Central Bank of the UAE (CBUAE), the regulator for exchange houses and money-transfer operators in the UAE. You can verify licensing status via the CBUAE website.

Should I transfer at a branch or through the app?

Both are available. Branches suit cash currency exchange and in-person service, while the mobile app and Web TT online portal let you send transfers remotely once registered. Available currencies, rates and limits can differ by channel.

When was GCC Exchange established and how large is its network?

GCC Exchange started in 2005 with its first branch in Deira, Dubai, and has grown to 24 branches across the UAE, with global subsidiaries in the UK, Hong Kong, Seychelles, Fiji and Singapore.

What documents do I need to send money?

You generally need a valid Emirates ID (or passport) and the beneficiary bank/account details. Larger or international transfers require additional KYC information in line with UAE anti-money-laundering rules.

Does GCC Exchange handle business payroll (WPS)?

Yes. GCC Exchange provides Wages Protection System (WPS) salary processing and corporate payment solutions for UAE businesses, alongside corporate foreign exchange and cash collection services.

Location

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#802, 8th Fl, Emirates NBD Gold Building, Baniyas Road, Deira, Dubai, UAE

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Contact Information

+971 4 256 6686 [email protected] Visit Website
#802, 8th Fl, Emirates NBD Gold Building, Baniyas Road

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