Disclosed is an aerator with dual spraying functions, including a flow control assembly, a water separator, and a water dispenser that are combined with a housing. The flow control assembly and the water separator are combined together and the water separator and the water dispenser are rotatably connected to each other. The water separator has a surface in which discharge holes are formed. The water dispenser has an internal chamber having a circumferential portion in which needle-like water channels are formed to correspond to the water separator. Bubbling water passages are formed between the needle-like water channels and a central portion surrounded by the needle-like water channels defines a bubbling water channel.