LM Exchange
Info CheckedCurrency Exchange & Money Transfer
Bur Dubai
About
LM Exchange is a CBUAE-licensed foreign exchange and remittance company based in Bur Dubai, serving the UAE market with a focus on personalised customer service and competitive pricing. The company has established a reliable reputation among Dubai's expatriate community for its transparent rates, efficient processing, and professional staff. LM Exchange handles both retail currency transactions and corporate FX requirements from its conveniently located branch near Al Fahidi Metro Station.
Key Services
LM Exchange provides foreign currency exchange, international wire transfers, demand drafts, and bill payment services. The company supports remittances to a wide range of countries across Asia, Africa, and Europe through established correspondent banking relationships. Their corporate services include payroll processing, trade-related FX, and customised solutions for businesses with regular cross-border payment needs. For property investors, LM Exchange offers negotiable rates on large-value conversions and can coordinate transfers to developer and escrow accounts.
Why Choose LM Exchange
LM Exchange differentiates itself through attentive customer service and willingness to negotiate rates for loyal and high-value customers. The branch's proximity to Al Fahidi Metro Station makes it easily accessible by public transport, and the company's experienced team can guide first-time property buyers through the currency conversion process. Their CBUAE licence and transparent fee structure ensure customers always know exactly what they're paying for each transaction.
Services Offered
Key services LM Exchange provides for currency exchange & money transfer clients in Dubai:
Why Choose LM Exchange
- Established Dubai exchange house operating since 1970
- Licensed and regulated by the Central Bank of the UAE (CBUAE)
- UAE-wide branch network across Dubai, Sharjah and Abu Dhabi
- ISO 9001 certified and Dubai Service Excellence Scheme member
- Remittance to 180+ nationalities plus the LMPAY mobile app
- Bank-to-bank transfers and cash payout options for large and regular transfers
How LM Exchange Works
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1
Visit a branch or open the LMPAY app
Walk into any LM Exchange branch in the UAE or register on the LMPAY mobile app.
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2
Provide beneficiary and transfer details
Share the recipient bank account or cash-payout details and the amount to send, with valid ID for KYC.
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3
Confirm rate and fee
Review the indicative exchange rate and applicable charges before authorising the transfer.
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4
Funds delivered
Bank-to-bank transfers typically settle in 1-3 working days; cash payouts are available for instant collection in most countries.
Business Profile
Hours and pricing may change — confirm directly with the business before engaging.
Licenses & Certifications
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?
LM Exchange is a UAE-based exchange house; it handles outbound and inbound remittances and currency exchange through its UAE branches and the LMPAY app. For sending large sums into a developer or escrow account, confirm transfer limits, documentation and the receiving account details with a branch.
Is LM Exchange regulated?
Yes. LM Exchange is licensed and regulated by the Central Bank of the UAE (CBUAE), the authority that supervises all exchange houses in the country.
How long do transfers take?
Bank-to-bank transfers typically take 1 to 3 working days, and 3 to 6 working days where systems are less established. Cash payouts can be available for instant collection in most countries.
Where are LM Exchange branches located?
LM Exchange operates a UAE-wide branch network across Dubai, Sharjah and Abu Dhabi. Use the branch locator on lm-exchange.com to find the nearest office.
Can I send money using a mobile app?
Yes. LM Exchange offers LMPAY, a mobile app for sending money transfers in addition to its in-branch services.
How long has LM Exchange been operating?
L M Exchange Company has operated in the UAE since 1970, with its first branch in Deira, Dubai, making it one of the longer-established exchange houses in the country.
What exchange rate will I get?
Rates are indicative and subject to change. Contact the nearest LM Exchange branch for the latest rates before transacting.
Location
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